Net International Investment Position Rises to USD 272.6 Million in Q4 2025

Bank Indonesia (BI) reported that Indonesia’s net liability position of International Investment Position (IIP) increased in the fourth quarter of 2025.

Indonesia’s Net International Investment Position (NIIP) is the simple difference between the financial assets owned by Indonesia abroad and the financial liabilities held by foreign parties in Indonesia.

The value was recorded at USD 272.6 billion, higher than the position in the third quarter of 2025, which stood at USD 261.8 billion.

Ramdan Denny Prakoso, Executive Director of Bank Indonesia’s Communications Department, explained that the increase was driven by a rise in foreign financial liabilities that was greater than the increase in foreign financial assets.

“The increase in net liabilities was influenced by a rise in Foreign Financial Liabilities (FFL) that was higher than the increase in Foreign Financial Assets (FFA),” said Ramdan Denny Prakoso in his official statement on Tuesday (10 March).

At the end of Q4 2025, Indonesia’s FFL position was recorded at USD 831.1 billion, up from USD 807.3 billion in the previous quarter. According to Denny, the increase in liabilities primarily came from inflows of foreign capital in portfolio investment, direct investment, and other investments.

He assessed that this condition reflected that investor perception of Indonesia’s economic prospects and investment climate remained positive. Additionally, the rise in FFL was also influenced by the strengthening of the domestic stock price index.

Meanwhile, the FFA position at the end of Q4 2025 reached USD 558.5 billion, up from USD 545.5 billion in Q3 2025. This increase was primarily driven by increases in foreign exchange reserves and direct investment.

Denny also noted that rising gold prices and the strengthening of global stock indices also supported the increase in Indonesia’s foreign financial asset position.

On an annual basis, Indonesia’s net liability IIP also increased. At the end of 2024, the net liability IIP was recorded at USD 245.7 billion, then increased to USD 272.6 billion at the end of 2025.

“Bank Indonesia views the development of Indonesia’s IIP in Q4 2025 and throughout 2025 as well-maintained, thereby supporting external resilience,” said Denny.

He added that Indonesia’s IIP-to-GDP ratio in 2025 was recorded at 18.8 percent.