Indonesia needs 826 billion USD to achieve 8% economic growth by 2029

As of the third quarter of 2025, Indonesia had realised approximately 1.4 quadrillion IDR in investment, representing 74% of the government’s annual target of 1.9 quadrillion IDR.

Thursday, October 09, 2025 16:59

Jakarta (VNA) - Indonesia will need over 13 quadrillion IDR (826 billion USD) in investment in the 2025-2029 period to achieve 8% annual economic growth by 2029, according to the Ministry of Investment and Downstream Industry.

Minister Rosan Perkasa Roeslani, who is also head of the Investment Coordinating Board (BKPM), stressed that investment remains the primary driver of Indonesia’s economic expansion.

In the 2014-2024 period, total domestic and foreign investment reached around 9.11 quadrillion IDR, reflecting steady growth despite global headwinds.

As of the third quarter of 2025, Indonesia had realised approximately 1.4 quadrillion IDR in investment, representing 74% of the government’s annual target of 1.9 quadrillion IDR.

He noted that recent trade and investment agreements, including the Comprehensive Economic Partnership Agreements (CEPAs) with the European Union and Canada, are expected to further boost foreign investment inflows into key sectors such as clean energy, manufacturing, and digital infrastructure./.

VNA

#Indonesia #economic growth #foreign investment

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