Bank of Indonesia published third-quarter 2025 balance of payments data showing a USD 6.4 billion deficit, while reserve assets at end-September 2025 remained high at USD 148.7 billion, equivalent to 6.0 months of imports and servicing government external debt. The current account returned to surplus at USD 4.0 billion (1.1% of GDP), reversing a USD 2.7 billion deficit (0.8% of GDP) in the second quarter, supported by a larger goods trade surplus led by higher non-oil and gas exports. The services deficit narrowed as inbound international travel increased, and the primary income deficit fell due to lower income payments on foreign investment following seasonal dividend and interest payment patterns, while the oil and gas trade deficit widened on higher oil imports. The capital and financial account recorded an USD 8.1 billion deficit, with direct investment remaining in surplus, portfolio investment in deficit due mainly to outflows from debt securities, and other investment in deficit driven by higher private-sector loan repayments. Bank of Indonesia expects balance of payments performance in 2025 to remain sound, underpinned by a non-oil and gas trade surplus and maintained foreign direct investment inflows, while continuing to monitor global developments and strengthen its policy mix in coordination with the Government and other authorities.

Original source View in tracker