JAKARTA - Investment realisation in Indonesia throughout 2024 recorded a 20.8% year-on-year (yoy) growth to IDR 1,714.2 trillion, 3.9% above the target set by President Joko Widodo in his final year in office.

Rosan Roeslani, Minister of the Ministry of Investment and Downstream/BKPM, said the realisation was also 38.3% above the Strategic Plan (Renstra) target set by the Indonesian government last year.

‘This is a significant increase. Because we usually increase by 12-13%,’ said Mr Roeslani, in a press conference on Friday (31/1).

Roeslani added that investment realisation in 2024 had absorbed a workforce of 2.45 million people. ‘The increase [in labour] compared to the previous year was 34.7%,’ Roeslani added.

Foreign Direct Investment (FDI) was the main contributor with an investment value of IDR900.2 trillion or equivalent to 52.5% of the total investment realisation. Meanwhile, Domestic Investment (PMDN) contributed IDR 814 trillion or equivalent to 47.5%.

The performance of PMA and PMDN in 2024 also showed positive growth, with an increase of 21% yoy and 20.6% yoy respectively. ‘So approximately [the difference] in numbers is only 86 trillion,’ said Roeslani.

This positive trend in the performance of FDI and PMDN, said Roeslani, is also in line with the expectations of the Indonesian government. ‘We see that the hope is that not only from outside, but also from within will also increase so as to provide the principle of mutual benefit,’ Roeslani explained. (KR/LM)