Indonesia's Balance of Payments Surplus Reached US$9.2 Billion in Q2 2020
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Indonesia's Balance of Payments (BOP) recorded a surplus of US$9.2 billion, an improvement compared to the previous quarter's deficit of US$8.5 billion. The BOP surplus was driven by a decrease in the current account deficit from US$3.7 billion in Q1 2020 to US$2.9 billion.
The decline in the current account deficit was due to a trade surplus resulting from a decrease in imports, a consequence of weakened domestic demand.
In addition to the decreased current account deficit, the surplus in the capital and financial account also increased, in line with easing uncertainty in global financial markets. The capital and financial account surplus totaled US$10.5 billion. The main driver of this surplus stemmed from net inflows of portfolio and direct investment.
"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."
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