JAKARTA, Feb. 20 (Xinhua) -- Indonesia's balance of payments surplus increased to 7.9 billion U.S. dollars in the fourth quarter of 2024, up from 5.9 billion dollars in the previous quarter, according to Bank Indonesia on Thursday.

This brought the total balance of payments surplus to 7.2 billion U.S. dollars for 2024, an increase from 6.3 billion dollars the previous year.

"The larger increase in the goods trade surplus was supported by non-oil and gas export growth, driven by higher prices for several of Indonesia's major export commodities," said Ramdan Denny Prakoso, executive director of the communication department at Bank Indonesia.

The capital and financial account surplus rose to 8.5 billion U.S. dollars, up from 7.5 billion dollars in the previous quarter, boosted by direct investment and foreign loans.

Meanwhile, the current account deficit narrowed to 1.1 billion U.S. dollars, down from 2.0 billion dollars in the previous quarter.

Bank Indonesia will continue to monitor global economic dynamics and strengthen policies to ensure external sector resilience and balance of payments stability by 2025. Enditem

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