Foreign Direct Investment in Indonesia Reaches Rp900.2 Trillion in 2024, Up 21 Per Cent
According to a report from the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), total Foreign Direct Investment (FDI) in Indonesia throughout the January-December 2024 period reached Rp900.2 trillion. This figure represented a 21 per cent increase compared with the same period the previous year.
FDI contributed 52.5 per cent of total national investment realisation in 2024, which reached Rp1,714.2 trillion, whilst the remaining 47.5 per cent came from Domestic Direct Investment (DDI).
In terms of country of origin, Singapore was the largest foreign investment contributor in Indonesia, realising FDI worth US$20.1 billion, equivalent to Rp301.5 trillion (based on the state budget exchange rate assumption of Rp15,000 per US dollar) throughout 2024. Singapore is known as a primary hub for global investors seeking to invest in Indonesia, resulting in consistently high FDI figures.
Hong Kong ranked second with FDI of US$8.2 billion, or approximately Rp123 trillion. Meanwhile, China placed third with total investment of US$8.1 billion, equivalent to Rp121.5 trillion. Malaysia occupied fourth position with FDI of US$4.2 billion, or Rp63 trillion. The United States followed in fifth place, recording investment of US$3.7 billion, or approximately Rp55.5 trillion.
By investment destination, West Java was the province attracting the largest foreign investment throughout 2024, securing US$10 billion or approximately 16.6 per cent of total national investment realisation. This was followed by Central Sulawesi, which recorded investment realisation of US$9 billion (15 per cent), and Jakarta with US$7.6 billion (12.6 per cent).
North Maluku also demonstrated strong performance with investment realisation of US$4.4 billion, or 7.2 per cent of the national total. Meanwhile, Banten completed the top five with a contribution of 6.4 per cent.
FDI contributed 52.5 per cent of total national investment realisation in 2024, which reached Rp1,714.2 trillion, whilst the remaining 47.5 per cent came from Domestic Direct Investment (DDI).
In terms of country of origin, Singapore was the largest foreign investment contributor in Indonesia, realising FDI worth US$20.1 billion, equivalent to Rp301.5 trillion (based on the state budget exchange rate assumption of Rp15,000 per US dollar) throughout 2024. Singapore is known as a primary hub for global investors seeking to invest in Indonesia, resulting in consistently high FDI figures.
Hong Kong ranked second with FDI of US$8.2 billion, or approximately Rp123 trillion. Meanwhile, China placed third with total investment of US$8.1 billion, equivalent to Rp121.5 trillion. Malaysia occupied fourth position with FDI of US$4.2 billion, or Rp63 trillion. The United States followed in fifth place, recording investment of US$3.7 billion, or approximately Rp55.5 trillion.
By investment destination, West Java was the province attracting the largest foreign investment throughout 2024, securing US$10 billion or approximately 16.6 per cent of total national investment realisation. This was followed by Central Sulawesi, which recorded investment realisation of US$9 billion (15 per cent), and Jakarta with US$7.6 billion (12.6 per cent).
North Maluku also demonstrated strong performance with investment realisation of US$4.4 billion, or 7.2 per cent of the national total. Meanwhile, Banten completed the top five with a contribution of 6.4 per cent.