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THE INDONESIAN Investment Ministry recorded that investment realization in 2023 reached IDR1,418.9 trillion (around US$90.29 billion), surpassing the target of IDR1,400 trillion (around US$89.09 billion), with total workforce absorption of 1,823,543 people.
“In 2023, the president increased our target to IDR1,400 trillion, and in the National Medium-Term Development Plan (RPJMN), it is IDR1,099.8 trillion (around US$69.98 billion), and thank God, we achieved IDR1,418.9 trillion,” Investment Minister Bahlil Lahadia remarked.
Lahadia made the statement while delivering a presentation on the 2023 investment realization here on Wednesday (01/24), 2024. The achievement of investment during the January-December 2023 period grew 17.5% year-on-year (yoy) as compared to the achievement of IDR1,207.2 trillion (around US$76.82 billion) in 2022.
The realization of investment in 2023 comprised foreign investment of IDR744 trillion (around US$47.33 billion), or 52.4% of the total, and domestic investment of IDR674.9 trillion (around US$42.94 billion), or 47.6% of the total. Annually, foreign investment had grown by 13.7% in 2023, while domestic investment clocked a growth of 22.1%.
According to the ministry’s record, investment in 2023 was spread across five main sectors: base metals, metal goods, non-machinery and equipment industries; transportation, warehousing, and telecommunications; mining; housing, industrial, and office areas; as well as chemical and pharmaceutical industries.
The top five regions that recorded the most investment in 2023 were West Java, Jakarta, East Java, Central Sulawesi, and Banten. Meanwhile, the top five countries with the most investment in Indonesia are Singapore, China, Hong Kong, Japan, and Malaysia.
In the fourth quarter of 2023, investment realization had reached IDR365.8 trillion (around US$23.27 billion), a growth of 16.2% yoy, with worker absorption of 457,895 people. Investment realization comprises foreign investment of IDR184.4 trillion (around US$11.73 billion) and domestic investment of IDR181.4 trillion (around US$11.54 billion).
The realization of foreign investment grew by 5.3% yoy in the period, while domestic investment recorded a growth of 29.9% yoy. [antaranews/photo special]
