Indonesia's Balance of Payments Records US$4.1 Billion Surplus in Q1 2021
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Indonesia's balance of payments (BOP) recorded a surplus of US$4.1 billion in Q1 2021, a significant increase from the US$156 million deficit in the previous quarter. This was driven by a surplus in the capital and financial account (CFA) amid a low current account (CA) deficit.
The CFA recorded a surplus of US$5.6 billion, or 2% of GDP, in January-March 2021. This improved compared to the US$1 billion deficit, or 0.4% of GDP, in the previous quarter.
This development was mainly supported by portfolio investment, which increased from US$1.9 billion to US$4.9 billion. Foreign direct investment (FDI) saw a decrease in surplus from US$4.2 billion to US$4.1 billion. Meanwhile, the deficit in other investment transactions decreased from US$7.4 billion to US$3.6 billion due to a decrease in overseas deposits.
Meanwhile, the CA recorded a deficit of US$997 million, or 0.4% of GDP, in Q1 2021. This reversed the US$900 million surplus, or 0.3% of GDP, in the previous quarter.
The CA deficit occurred as the services deficit increased from US$3.06 billion to US$3.42 billion. The goods balance saw a decrease in surplus from US$9.96 billion to US$7.1 billion. The primary income deficit also decreased from US$7.44 billion to US$6.9 billion.
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Related Data
Market Data
| Name | Value | % | |
|---|---|---|---|
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Nilai Tukar USDIDR | 18.027 | -0.12 | |
| Neraca perdagangan (Apr) | 89,10 | -97.32 | |
| Ekspor Migas (Apr) | 1,16 | -9.81 | |
| Impor Migas (Apr) | 4,60 | +45.09 | |
| Ekspor (Apr) | 25,30 | +12.32 | |
| Impor (Apr) | 25,21 | +31.28 | |
| Kunjungan Wisman (Apr) | 1,25 | +14.75 | |
| Inflasi yoy (Mei) | 3,08% | +0.66 | |
| Inflasi mom (Mei) | 0,28% | +0.15 | |
| Persentase kemiskinan (Des) | 7,50% | -0.75 | |
| NTP (Apr) | 112,29 | +0.43 |