Indonesia aims for 1.4 trillion rupiah in foreign and domestic investments in 2023 and 1.6 trillion rupiah in 2024. Most foreign investment is in downstream commodity industries, with top sources being in minerals.
Key Economic Highlights in Indonesia for 2023
In 2023, Indonesia aimed to attract 1.4 trillion rupiah (US$89 billion) in combined foreign and domestic investments, with a target of 1.6 trillion rupiah (US$102 billion) for 2024. The country saw significant foreign investment in downstream commodity industries, particularly in minerals, similar to the trends observed in 2022.
Top Sources of FDI for January-September 2023
For the period of January-September 2023, Indonesia’s top foreign direct investment (FDI) sources included investments in smelters, oil and gas, oleochemicals, pulp and paper, and electric batteries. The country recorded a total FDI of US$8.7 billion in the…
