OJK Boss: Indonesia's Stock Market Contribution To GDP Is Still Low Compared To Neighboring Countries

Chairman of the OJK DK Mahendra Siregar (Photo: Doc. VOI)

JAKARTA - The Financial Services Authority (OJK) revealed that Indonesia's stock capitalization ratio to gross domestic product (GDP) is still low compared to ASEAN regional countries, such as Malaysia and Thailand.

"The stock market contribution to GDP, although it has grown, is still under the regional countries," said Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar at the 2025 IDX Trading Opening, Thursday, January 2.

On the other hand, Mahendra conveyed that the stock market contribution to GDP in India was 104 percent, Thailand reached 101 percent and Malaysia reached 97 percent.

According to Mahendra, this condition shows that to realize the space and potential growth of the capital market, it is necessary to strengthen the Indonesian capital market ecosystem.

"So that the aspect of market integrity increases, which is the main foundation of the well function an efficient capital market," he added.

Mahendra conveyed that positive capital market performance is an important asset to support the national economic growth target.

Therefore, in 2025, Mahendra conveyed that OJK together with all Self-Regulatory Organizations (SRO) are committed to implementing various strategic government programs, one of which is through increasing market deepening by increasing the quantity and quality of listed companies.

Mahendra explained that this strategic program was carried out through various initiatives including increasing the share portion of free float and encouraging companies with large capacities to take the floor on the stock exchange.

Then the next program is to improve the quality and quantity of listed companies, develop new products, infrastructure, and services through strengthening the role of investors and institutions in the primary and secondary markets in the capital market.

To note, the value of Indonesia's stock market capitalization at the end of 2024 reached IDR 12,300 trillion or grew by around 6 percent and Indonesia's stock market contribution reached 56 percent compared to GDP.

Meanwhile, from the activity of raising funds, 199 public offerings have been recorded with a collection value of IDR 259.24 trillion. This amount includes 43 new issuers with an IPO value of IDR 16.68 trillion.