Jakarta \u2013 The latest report from the United Nations Conference on\nTrade and Development (UNCTAD) shows that foreign direct investment\n(FDI) realisation in Indonesia in 2024 reached only US$24.21 billion, or\napproximately Rp363.18 trillion (at the 2024 state budget exchange rate\nof Rp15,000 per US dollar). This figure is significantly lower than the\ndata released by the Ministry of Investment and Downstreaming\/Investment\nCoordinating Board (BKPM), which recorded FDI at Rp900.2 trillion for\nthe same year.<\/p>\n
This stark difference of Rp537 trillion has raised public questions\nregarding calculation methodology, transparency, and the validity of\ninvestment realisation data in Indonesia.<\/p>\n
The UNCTAD data is contained in the World Investment Report 2025,\nreleased on Thursday (19 June 2025). Although lower than the Indonesian\ngovernment\u2019s figures, UNCTAD recorded a 12.63 per cent increase compared\nto foreign investment in Indonesia in 2023, which stood at US$21.49\nbillion.<\/p>\n
UNCTAD compiles investment statistics based on various global\nsources, including official government data from member states,\ncross-border mergers and acquisitions (M&A) activity, greenfield\nprojects, and international project finance (IPF). The report draws on\ndatabases from The Financial Times Ltd, fDi Markets, and LSEG Data &\nAnalytics.<\/p>\n
UNCTAD explained that these figures cannot be directly equated\nstatistically with FDI data recorded by governments based on balance of\npayments and project realisation. \u201cFor example, greenfield project\nannouncements include estimates of future capital expenditure, not\nactual flows in the reporting year,\u201d UNCTAD wrote in its report.<\/p>\n
Meanwhile, BKPM refers to on-the-ground project realisation data,\nwhich it claims reflects actual capital flows. However, to date there\nhas been no official statement from BKPM or the Indonesian government\nresponding to this significant discrepancy.<\/p>\n
The striking difference between these two major institutions\nhighlights the importance of harmonising methodology and investment data\ntransparency, particularly as the government is actively promoting\nIndonesia as a global investment destination in the downstreaming and\nrenewable energy sectors.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/unctad-report-reveals-rp537-trillion-discrepancy-with-indonesian-governments-foreign-investment-figures-1771248848", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }