Indonesia Foreign Direct Investment YoY

Foreign direct investment (FDI) into Indonesia, excluding investment in the financial and oil & gas sectors, soared by 33.3% year-on-year to a fresh record high of IDR 245.8 trillion ($55.33 billion) in the fourth quarter of 2024, following an 18.55% growth in the previous three-month period. This marked the fastest growth in foreign direct investment since Q4 2022, buoyed by significant investments in the mineral processing sector. Foreign investors continued to show interest in Indonesia's mining and metal refining industry after the country banned shipments of nickel ore in 2020 as part of the government's effort to attract investors in the electric vehicle supply chain. Singapore, Hong Kong, and China were the biggest sources of FDI. In 2024, total direct investment, including domestic sources, reached IDR 1,714.2 trillion ($105.13 billion), 20.8% higher than the previous year.