Jokowi made the announcement at a meeting in Bogor with the presidents of the International Olympic Committee and the Asian Olympic Committee.
“With the experience we have in organising the 18th Asian Games, we are sure Indonesia can also host a bigger event,” Jokowi said in a statement after the meeting.
IOC President Thomas Bach welcomed the candidacy of Indonesia, the world’s fourth most populous nation, saying that the Asian Games provided a “strong foundation” for the country’s 2032 bid.
“Because with this Asian Games, with this great success, Indonesia has shown that they have all the ingredients to hold the Olympics successfully,” said Bach.
About 12,000 athletes from 45 nations and territories, as well as several thousand officials and journalists, were in Indonesia for the games that end Saturday.
As host, Indonesia provided a spectacular opening ceremony and also exceeded its own expectations in winning 30 golds, placing fourth on the medal table.
Indonesia, projected to be among the world’s 10 biggest economies by 2030, used the games to shift perceptions that it’s in the “too hard” basket, paving the way for a tilt at even bigger sports hosting baubles.
Tokyo is hosting the 2020 Olympics with Paris and Los Angeles already selected to host the following two Games in 2024 and 2028, respectively.
It cost Brazil about $20bn to host the Olympics, a bill that is likely to raise objections in Indonesia, where poverty remains widespread.