Indonesia Balance of Payments Surplus Stands at US$4.5 Billion in Q1 2017
Jakarta | 12th May 2017
Indonesia’s balance of payments surplus remained in 1st quarter of 2017 due to large capital and financial surplus that outgrew the current account deficit. The balance of payments surplus stood at US$4.5 billion, in contrast to the deficit of US$300 million in the same quarter of 2016.
” Surplus Stands at US$4.5 Billion “
The balance of payments surplus in turn led to an increase in official reserve assets from US$116.4 billion at the end of Q4/2016 to US$121.8 billion at the end of Q1/2017. The overall balance of payment development in Q1/2017 indicates a maintained external balance of the economy and paves the way for supporting a sustained macroeconomic stability.
Official Press Release by Bank Indonesia