Indonesia Foreign Direct Investment YoY

Foreign direct investment (FDI) into Indonesia, excluding the financial and oil and gas sectors, grew 8.5% year-on-year to IDR 250.0 trillion in Q1 2026, following a 4.3% increase in Q4 2025 and marking the second consecutive quarter of growth. The increase came despite persistent global economic uncertainty amid the Middle East conflict. The base metals industry attracted the largest share of inflows for the year, at USD 3.7 billion, followed by other services (USD 2.1 billion) and the mining sector (USD 1.1 billion). Singapore (USD 4.6 billion), Hong Kong (USD 2.7 billion), and China (USD 2.2 billion) remained the top sources of investment. Last year, FDI edged up 0.1% to IDR 900.9 trillion, compared with a 21% surge in 2024. In recent years, FDI has strengthened, particularly in mining and metal refining, supported by Indonesia’s ban on nickel ore exports in 2020 and other mineral exports in 2023.

Foreign direct investment (FDI) into Indonesia, excluding the financial and oil & gas sectors, rose 4.3% yoy to a record IDR 256.3 trillion in Q4 2025, reversing an 8.9% decline in Q3 and marking the first increase in three quarters. The rebound came despite persistent global economic uncertainty and recent anti-government protests across several cities from late August to early September. For the full year, FDI edged up 0.1% to IDR 900.9 trillion, compared with a 21% surge in 2024. The base metals industry attracted the largest share of inflows for the year, with USD 14.6 billion, followed by the mining sector with USD 4.7 billion. Singapore, Hong Kong, and China remained the top sources of investment. In the past few years, FDI has strengthened, particularly in mining and metal refining, supported by Indonesia’s ban on nickel ore exports in 2020 and other mineral exports in 2023. This year, the government is banking on the sovereign wealth fund Danantara to drive new investment.

Foreign direct investment (FDI) into Indonesia—excluding investments in the financial and oil & gas sectors—fell by 8.9% yoy to IDR 212 trillion (USD 12.78 billion) in Q3 of 2025, following a 6.95% decline in Q2. This marked the second consecutive quarterly drop in FDI and the steepest fall since Q1 2020, amid US tariff policies and weakening domestic purchasing power. Some of the largest recipients of FDI in the July–September period were the base metal (USD 3.5 billion), services (USD 1.2 billion), mining (USD 1.1 billion), chemical and pharmaceutical industry (USD 1.1 billion), and transportation, warehousing, and telecommunication industries (USD 0.8 billion). Singapore (USD 3.8 billion) remained the largest source of FDI, followed by Hong Kong (USD 2.7 billion), China (USD 1.9 billion), Malaysia (USD 1 billion), and the US (USD 0.8 billion). Meanwhile, total direct investment, including domestic sources, reached IDR 491.4 trillion, up 13.9% yoy, creating more than 696,478 jobs.