"In 2023, the president increased our target to Rp1,400 trillion, and in the National Medium-Term Development Plan (RPJMN), it is Rp1,099.8 trillion (around US$69.98 billion), and thank God, we achieved Rp1,418.9 trillion," Investment Minister Bahlil Lahadia remarked.
Lahadia made the statement while delivering a presentation on the 2023 investment realization here on Wednesday.
The achievement of investment during the January-December 2023 period grew 17.5 percent year-on-year (yoy) as compared to the achievement of Rp1,207.2 trillion (around US$76.82 billion) in 2022.
The realization of investment in 2023 comprised foreign investment of Rp744 trillion (around US$47.33 billion), or 52.4 percent of the total, and domestic investment of Rp674.9 trillion (around US$42.94 billion), or 47.6 percent of the total.
Annually, foreign investment had grown by 13.7 percent in 2023, while domestic investment clocked a growth of 22.1 percent.
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.
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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 Rp365.8 trillion (around US$23.27 billion), a growth of 16.2 percent yoy, with worker absorption of 457,895 people.
Investment realization comprises foreign investment of Rp184.4 trillion (around US$11.73 billion) and domestic investment of Rp181.4 trillion (around US$11.54 billion).
The realization of foreign investment grew by 5.3 percent yoy in the period, while domestic investment recorded a growth of 29.9 percent yoy.
"Domestic investment grew very well in this period," the minister stated.
During the period, the five main sectors were base metals, metal goods, non-machinery and equipment industries; mining; transportation, warehousing, and telecommunications; chemical and pharmaceutical industries; as well as housing, industrial, and office areas.
Regions that recorded the most investment during the fourth quarter of 2023 were West Java, East Java, Jakarta, Central Sulawesi, and Banten.
The top five countries with the most investment in Indonesia during the period were Singapore, China, Malaysia, Japan, and Hong Kong.
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Translator: Ade Irma, Raka Adji
Editor: Yuni Arisandy Sinaga
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