Bank of Indonesia published Indonesia’s International Investment Position (IIP) for the first quarter of 2025, showing a lower net liability position. Net IIP liabilities stood at USD 224.5 billion at end-Q1 2025, down from USD 245.7 billion at end-Q4 2024, driven by a higher stock of foreign financial assets and a lower stock of foreign financial liabilities. Foreign Financial Assets rose to USD 533.1 billion, up 1.9% quarter on quarter from USD 523.1 billion, supported by increased resident investment abroad across most components, led by other investment assets primarily loans and trade receivables, alongside valuation effects from broad-based US dollar depreciation and higher international gold prices. Foreign Financial Liabilities fell to USD 757.6 billion, down 1.5% quarter on quarter from USD 768.8 billion, despite net inflows in direct and portfolio investment, with the liability position also affected by lower valuations of domestic financial instruments alongside a decline in the Jakarta Composite Index. The net liability IIP-to-GDP ratio declined to 16.0% from 17.6%, and long-term maturity instruments continued to dominate the liability structure (91.9%), primarily direct investment. Bank Indonesia referenced its accompanying Indonesia IIP Report for Q1 2025 for further detail.

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