No.28/185/DKom 

Indonesia's International Investment Position (IIP) recorded a lower net liability position in the second quarter of 2026. At the end of the second quarter of 2026, Indonesia's net liability IIP stood at USD197.4 billion, down from USD223.0 billion at the end of the first quarter of 2026. The decline in the net liability position was attributable to a lower position of Foreign Financial Liabilities (FFL), coupled with a higher position of Foreign Financial Assets (FFA).

FFL position declined while foreign capital inflows in the form of direct investment and portfolio investment continued. At the end of the second quarter of 2026, Indonesia's FFL position was recorded at USD769.0 billion, down 1.9% (qtq) from USD783.7 billion at the end of the first quarter of 2026. Direct investment and portfolio investment maintained respective surpluses, reflecting sustained positive investor sentiment toward favorable domestic economic outlook, controlled inflation and attractive investment returns. The FFL position was also affected by lower values of domestic financial instruments, influenced by price revaluation as well as broad-based US dollar appreciation against most global currencies, including the Rupiah.

Indonesia's FFA position increased, driven by the transaction of various foreign financial instruments. At the end of the second quarter of 2026, Indonesia's FFA position stood at USD571.5 billion, up 1.9% (qtq) from USD560.7 billion at the end of the first quarter of 2026. Most FFA components recorded higher positions, particularly other investment, direct investment and portfolio investment.

Bank Indonesia views the developments in Indonesia's IIP in the second quarter of 2026 remain maintained, thereby supporting external resilience. This was reflected in the ratio of Indonesia's IIP to GDP, which decreased to 13.3% in the second quarter of 2026 from 15.2% in the first quarter of 2026. Furthermore, Indonesia's IIP liability structure was still dominated by long-term instruments, primarily in the form of direct investment. Moving forward, Bank Indonesia will remain vigilant of global economic dynamics that could impact the IIP outlook, while strengthening the policy mix response, underpinned by close policy synergy with the Government and other relevant authorities, to reinforce external sector resilience. In addition, Bank Indonesia will continue monitoring the potential risks posed by a net liability IIP on the national economy.

Further information is available in Indonesia's IIP Report Q2/2026​ on the Bank Indonesia website.

Jakarta, 10^th September 2026
Communication Department
Ramdan Denny Prakoso