Penelitian ini bertujuan untuk mengetahui pengaruh suku bunga terhadap pendapatan nasional melalui investasi sebagai variabel intervening. Penelitian ini dilakukan dengan menggunakan pendekatan kuantitatif dengan data sekunder hasil publikasi Badan Pusat Statistik Indonesia (BPS) dan Bank Indonesia (BI). Data penelitian ini dimulai dari tahun 2013-2021 secara triwulanan. Penelitian ini menggunakan aplikasi SPSS versi 21. Dalam penelitian ini metode analisis yang digunakan yaitu Analisis Jalur (Path Analysis). Hasil penelitian ini menunjukkan bahwa suku bunga berpengaruh negatif dan signifikan terhadap pendapatan nasional, terdapat hubungan suku bunga dengan investasi yang berpengaruh negatif dan signifikan, adapun hubungan suku bunga dengan penanaman modal asing berpengaruh negatif dan signifikan, selain itu hubungan antara suku bunga dengan penanaman modal dalam negeri berpengaruh negatif dan signifikan. Suku bunga dan investasi total secara keseluruhan berpengaruh positif dan signifikan terhadap pendapatan nasional di Indonesia sebesar 95,2%, pengaruh suku bunga dan penanaman modal asing berpengaruh positif dan signifikan terhadap pendapatan nasional sebesar 78,7% dan pengaruh suku bunga dan penanaman modal dalam negeri berpengaruh positif dan signifikan terhadap pendapatan nasional sebesar 96,4%.


Kata Kunci : Suku Bunga, Investasi, PMA, PMDN, Pendapatan Nasional

This study aims to determine the effect of interest rates on national income through investment as an intervening variable. This study was conducted using a quantitative approach with secondary data from the publications of the Indonesian Central Bureau of Statistics (BPS) and Bank Indonesia (BI). The data was taken every quarter from 2013 to 2021. This study used the SPSS version 21 application. In this study, the analysis method used was Path Analysis. The results of this study indicated that interest rates have a negative and significant effect on national income, there was a relationship between interest rates and investment, which had a negative and significant effect, while the relationship between interest rates and foreign investment had a negative and significant effect. Besides that, the relationship between interest rates and domestic investment had a negative and significant effect. Interest rates and total investment as a whole had a positive and significant effect on national income in Indonesia by 95.2%, the effect of interest rates and foreign investment had a positive and significant effect on national income by 78.7%, and the effect of interest rates and domestic investment had a positive and significant effect on national income by 96.4% Keywords Interest Rate, Investment, FDI, DDI, National Income