Indonesia's investment reaches over 58 bln USD last year, 1.1 pct higher than target
Source: Xinhua | 2021-01-26
Indonesia recorded an investment realization of 826.3 trillion rupiahs (about 58.76 billion U.S. dollars) during 2020, or 1.1 percent higher than the target of 817.2 trillion rupiahs (some 58.11 billion dollars), said the Investment Coordinating Board on Monday.
"It means that there is an increase of nine trillion rupiahs from the target," the board's head Bahlil Lahadalia said.
Of the 826.3 trillion rupiahs, 413.5 trillion rupiahs (about 29.40 billion dollars) or 50.10 percent represented domestic investment, while 412.8 trillion rupiahs (some 29.35 billion dollars) or 49.9 percent were in foreign direct investment.
Annually, the domestic investment realization grew 7 percent, compared to that in the previous year when it totaled 386.5 trillion rupiahs (about 27.48 billion dollars).
This growth was supported by the transportation, warehouse, and telecommunications sectors, the construction sector, the housing, industrial estates and office sectors, the electricity, gas, and water sectors, and the chemical and pharmaceutical industry sectors, among others.
The realization of foreign direct investment in 2020 fell 2.4 percent due to the COVID-19 pandemic, compared to that in the previous year when it reached 423.1 trillion rupiahs (about 30.08 billion dollars).
The largest foreign investor for Indonesia in last year was Singapore with 9.8 billion U.S. dollars.
Meanwhile, the investment realization in the fourth quarter of 2020 grew 3.1 percent year on year to 214.7 trillion rupiahs (some 15.26 billion dollars).
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