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Economy 1 year ago
Indonesia's balance of payments surplus signals stable external resilience
Indonesia's external resilience remains intact amid ongoing global risk, reflected by the surplus in the country’s international transactions. According to a Bank Indonesia (BI) report, Indonesia’s balance of payments (BOP) for Q3-2024 recorded a surplus of US$5.9 billion, a recovery from a deficit of $0.6 billion in Q2-2024.
Economy 2 years ago
Indonesia’s trade balance maintains positive trend with 49 consecutive months of surplus
The government continues to strengthen various efforts to boost national exports, including through the establishment of the National Export Enhancement Task Force on Sept. 20, 2023. Amid the current global economic conditions, Indonesia's export performance has shown good results, with the country’s export value in May 2024 reaching US$22.33 billion, an increase of 13.82 percent month-to-month (mtm) or 2.86 percent year-on-year (yoy).
Academia 2 years ago
PREMIUM
Why we should not antagonize imports
There is a prevailing perception among policymakers that imports are "bad" and exports are "good", but they are symbiotic elements of trade, and taking a strategic approach to imports can leverage international trade toward Indonesia’s integration into global value chains.
Economy 3 years ago
PREMIUM
Revisiting Indonesia's post-COVID fiscal policy
Back in 2020, the COVID-19 pandemic had significant socio-economic impacts on major countries, including Indonesia. The pandemic restrained economic activities, increasing the poverty level and burdening the purchasing power of the mid-to-low income class in Indonesia.
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