Indonesia Earns Tourism Foreign Exchange in 2023 IDR 218 Trillion

Minister of Tourism and Creative Economy (Menparekraf) Sandiaga Salahuddin Uno revealed the performance of the Key Performance Indicators (IKU) of the Ministry of Tourism and Creative Economy for 2023. It was recorded that the realization of the Indonesian tourism foreign exchange value in 2023 reached US$ 14 billion or the equivalent of IDR 218.4 trillion (exchange rate IDR 15.600). This was conveyed by Sandiaga in a Joint Working Meeting with Commission X DPR RI. From this figure, the performance achievement for foreign exchange value reached 197.74% or far exceeded the target which was only in the range of US$ 7.08-9.99 billion. However, this data is still temporary and not final.

“We can say that tourism foreign exchange reaches US$ 14 billion. GDP contribution is already 3.9%,” said Sandi, quoted from the TVR Parliament live YouTube broadcast, Wednesday (13/3/2024).

Furthermore, the realized export value of creative economy products in 2023 was recorded at US$ 23.96 billion or IDR 373.77 trillion. Its performance achievement has only reached 88.91% or has not succeeded in exceeding its target of US$ 26.95 billion. Even so, the added value of the creative economy posted extraordinary growth. The added value of the creative economy reached IDR 1,414.77 trillion or 110.44%. This amount exceeds the previous target of IDR 1,281 trillion.

“This is a fantastic figure showing that the creative economy is the locomotive of Indonesia’s economic future,” he said.

Meanwhile, the number of foreign tourists also exceeded the original target of 6-8.5 million visits and has now reached 11.68 million visits with a performance achievement of 194.67%. Meanwhile, for the number of domestic or local tourists, based on temporary data until November 2023 the figure reached 749.11 million trips. This figure is only 62.43% of the target of 1.2-1.4 billion trips.

“We also hope that this will continue to increase while we improve the calculation of the movement of domestic tourists so that it is in line with the targets set,” he said.

Sandiaga further said that the Travel and Tourism Development Index (TTDI) ranking had succeeded in reaching the target, namely in the range of 29-34. Then the number of tourism workers succeeded in exceeding the target of 23 million people and has now reached 24.42 million people. Then the creative economy workforce reached 24.92 million, also exceeding the target.

“In total, almost 50 million workers are produced by our tourism and creative sector,” he added.

Sandiaga said, of the total of 9 main performance indicators that have been mentioned, there are some that are still simple data. Then there are also those who are still very far from the target set for 2023, namely the number of domestic tourist movements.

“Of course, we have to look at this again in detail because the 2023 foreign tourist travel target is 1.2-1.4 billion trips, so it has almost doubled. And if we look at the achievements, it is still very far away, even though the number of movements realized “This foreign tourist attraction has exceeded the target compared to the previous one, namely around 113.5%,” he concluded.

March 13, 2024, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7239146/ri-raup-devisa-pariwisata-di-2023-rp-218-t-sandiaga-fantastis)