Indonesia's Balance of Payments Records a US$0.2 Billion Deficit in Q4 2020

Dimas Jarot Bayu 19/02/2021 15:40 WIB

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Indonesia's balance of payments (BOP) recorded a deficit of US$156 million in the fourth quarter of 2020.

Indonesia's Balance of Payments by Quarter

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Indonesia's Balance of Payments by Quarter

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Indonesia's Balance of Payments (BOP) recorded a deficit of US$156 million in Q4 2020. This was driven by a continued current account surplus, amidst a deficit in the capital and financial account.

The current account balance increased by US$0.8 billion, or 0.3% of Gross Domestic Product (GDP), in Q4 2020. The current account surplus was supported by a goods balance surplus due to increased exports driven by improved global demand and commodity prices, amidst limited import growth.

The capital and financial account recorded a deficit of US$0.9 billion, or -0.3% of GDP, in Q4 2020. This was due to a deficit in other investment transactions of US$7.5 billion, following a surplus of US$1.5 billion in the previous quarter.

"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."