Indonesia's International Investment Position Remains in Deficit, Obligations to Foreign Investors Exceed Assets
Jakarta — Indonesia’s International Investment Position (PII) at the end of 2025 still records net obligations to foreign investors, according to data from Bank Indonesia (BI). The central bank’s figures show that Indonesia’s financial obligations to global investors remain larger than the financial assets held by Indonesian residents abroad.
Bank Indonesia reported that at the end of the fourth quarter of 2025, Indonesia’s international investment position recorded a net liability of USD 272.6 billion. This increase in net obligations occurred because the rise in foreign financial obligations exceeded the growth in Indonesia’s foreign financial assets.
Ramdan Denny Prakoso, Executive Director of Bank Indonesia’s Communications Department, stated that this development reflects an increase in foreign financial obligations during the reporting period. “Indonesia’s International Investment Position (PII) in the fourth quarter of 2025 recorded increased net liabilities. At the end of the fourth quarter of 2025, net liabilities were recorded at USD 272.6 billion, higher than the net liabilities at the end of the third quarter of 2025 of USD 261.8 billion,” Ramdan said in an official statement from Bank Indonesia on Tuesday (10 March 2026).
According to the International Investment Position report, the value of Indonesia’s foreign financial assets at the end of the fourth quarter of 2025 was recorded at USD 558.5 billion. This represents an increase compared to the end of the third quarter of 2025, which stood at USD 545.5 billion.
Bank Indonesia explained that the increase in foreign financial assets was driven by growth in several key components, including foreign exchange reserves, direct investment, and portfolio investment. Beyond investment transaction factors, changes in asset values were also influenced by valuation factors. Bank Indonesia noted that the increase in foreign assets was also supported by rising gold prices and global stock market indices.
In the structure of Indonesia’s foreign financial assets, the largest components come from other investments, direct investment, and foreign exchange reserves.