JAKARTA, Feb. 10 (Xinhua) -- Indonesian President Prabowo Subianto has set an ambitious target of realizing 814.6 billion U.S. dollars in investments between 2025 and 2029 to achieve an 8 percent gross domestic product (GDP) growth rate, a minister announced on Monday.
The target represents a 143 percent increase compared to the total investment realized over the past decade, according to Indonesia's Minister of Investment and Downstream Industry Rosan Perkasa Roeslani. He noted that investment is a key driver in achieving this goal.
"The total investment target for the next five years exceeds 800 billion U.S. dollars from 2025 to 2029. This marks a significant jump of approximately 143 percent compared to the past 10 years," the minister said during a business forum.
He highlighted the critical role of investment in Indonesia's economic structure, noting that currently, about 53 percent of national economic growth is driven by domestic consumption, 28 percent by investment, 9 percent by government spending, and 2 percent by net exports.
The minister also shared an official projection indicating that Indonesia's economic growth is expected to rise steadily over the next five years, with an average annual investment growth of 15.67 percent. ■
