Bank Indonesia records an increase in Indonesia's international investment position (PII) in Q3 2025, with net liabilities reaching 262.9 billion USD. The rise is driven by higher growth in foreign financial liabilities compared to foreign financial assets. This development supports Indonesia's external resilience.
Bank Indonesia (BI) reports that Indonesia's international investment position (PII) increased in Q3 2025. Net liabilities at the end of the quarter stood at 262.9 billion USD, up from 244.5 billion USD in Q2 2025.
According to BI's Head of Communication Department Ramdan Denny Prakoso, the rise in net liabilities stems from higher growth in foreign financial liabilities (KFLN) compared to foreign financial assets (AFLN). Indonesia's AFLN position rose to 541.1 billion USD, a 0.7 percent quarterly increase from 537.3 billion USD. This was influenced by rising gold prices, global stock prices, and asset values in several placement countries.
Meanwhile, the KFLN position reached 803.9 billion USD, up 2.8 percent from 781.8 billion USD. The KFLN increase was supported by foreign capital inflows in direct investments, reflecting positive investor perceptions of the domestic economy and investment climate, as well as rising Indonesian stock prices.
BI views the PII developments as stable, supporting external resilience, with the PII-to-GDP ratio at 18.3 percent. The liability structure is dominated by long-term instruments (93.1 percent), mainly direct investments. Moving forward, BI will monitor global dynamics and potential risks from net liabilities to the economy, while strengthening policy synergy with the government.