No. 27/275/DKom
Indonesia's Balance of Payments (BOP) performance was maintained in the third quarter of 2025. The current account amassed a surplus on the back of higher non-oil and gas exports. Meanwhile, the capital and financial account recorded a manageable deficit amid persistently high global financial market uncertainty. Consequently, Indonesia's BOP in the third quarter of 2025 recorded a 6.4 billion US dollar deficit, while the position of reserve assets at the end of September 2025 remained high at 148.7 billion US dollars, equivalent to 6.0 months of imports and servicing government external debt, which is well above the international adequacy standard of around three months of imports.
The current account recorded a surplus. In the third quarter of 2025, the current account amassed a surplus of 4.0 billion US dollars (1.1% of GDP), following a 2.7 billion US dollars deficit (0.8% of GDP) in the second quarter of 2025. A larger surplus in the goods trade balance primarily stemmed from a higher non-oil and gas trade surplus. Meanwhile, the services trade deficit narrowed as the number of inbound international travelers to Indonesia increased. In addition, the primary income account balance recorded a lower deficit driven by decreasing income payments on foreign investment, following the seasonal pattern of dividend disbursement and interest payments. On the other hand, the oil and gas trade deficit increased due to a bump in oil imports.
The capital and financial account remains manageable, despite persistently high global financial market uncertainty. Direct investment maintained a surplus, thus reflecting ongoing investor confidence in the promising domestic economic outlook and conducive investment climate. Portfolio investment recorded a deficit, primarily due to foreign capital outflows in the form of debt securities. In addition, other investments also recorded a deficit, dominated by an increase of loan repayments in the private sector. The capital and financial account, therefore, recorded an 8.1 billion US dollar deficit in the third quarter of 2025.
Moving forward, Bank Indonesia will continue monitoring global economic dynamics that could impact the BOP outlook while continuously strengthening its policy mix response, supported by close policy synergy with the Government and other relevant authorities to bolster external sector resilience. Overall, BOP performance in 2025 is expected to remain sound, underpinned by a non-oil and gas trade surplus and maintained foreign direct investment (FDI) inflows.
Further information and data are presented in the Q3/2025 Indonesia Balance of Payments Report, accessible via the official Bank Indonesia website.
Jakarta, 20th November 2025
Communication Department
Ramdan Denny Prakoso
Executive Director
