Jakarta City Center

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

Join the Rise of Asia.  Share a Story, Article or Photo here.  For Press Release, visit here.

About The Wealth Times

The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people.

Where should you invest your capital for the next decade?  Which are the fastest growing companies in Asia?  Which is the most exciting sector to be in?  Which are the top cities to be in?  Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?