24 Feb 2025 | News & Feature

BoP: Uncertain road ahead

  • Indonesia’s BoP recorded a surplus of USD 7.9 Bn in Q4-24 compared to USD 5.9 Bn in Q3-24. CA deficit decreased to USD 1.1 Bn while FA surplus increased to USD 8.5 Bn.
  • Goods account surplus increased due to improved terms of trade, while real exports fell.
  • FDI and portfolio weakened but was compensated by inflows in other investments thanks to CB swaps and new loans by the government.
  • BoP outlook remains uncertain, but new export receipts (DHE) rules and the new Danantara SWF may support positive BoP for 2025.