Indonesia's Balance of Payments Posts US$2.1 Billion Surplus in Q3 2020

Dwi Hadya Jayani 27/11/2020 08:31 WIB

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Indonesia's Balance of Payments (BOP) recorded a surplus of US$2.1 billion in the third quarter of 2020.

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Indonesia's Balance of Payments Posts US$2.1 Billion Surplus in Q3 2020

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Indonesia's Balance of Payments

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Indonesia's Balance of Payments (BOP) recorded a surplus of US$2.1 billion in the third quarter of 2020. This was supported by a surplus in the current account and the capital and financial account.

The current account recorded a surplus of US$1 billion, or 0.4% of Indonesia's Gross Domestic Product (GDP). This is the first surplus since 2011, driven by improved performance in the merchandise trade balance due to increased exports in line with the recovery of the global economy.

Similarly, the capital and financial account recorded a surplus of US$1 billion, or 0.4% of GDP. However, this figure is lower than the previous quarter's US$10.6 billion, or 4.3% of GDP.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."