Remittances in Indonesia decreased to 2575 USD Million in the first quarter of 2020 from 2870 USD Million in the fourth quarter of 2019.

Remittances in Indonesia averaged 1937.41 USD Million from 2005 until 2020, reaching an all time high of 2898.41 USD Million in the second quarter of 2019 and a record low of 1202 USD Million in the second quarter of 2005. This page provides the latest reported value for - Indonesia Remittances - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Indonesia Remittances - values, historical data and charts - was last updated on September of 2020. source: Bank Indonesia

Remittances in Indonesia is expected to be 2958.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Indonesia to stand at 3190.00 in 12 months time. In the long-term, the Indonesia Remittances is projected to trend around 3353.00 USD Million in 2021 and 3670.00 USD Million in 2022, according to our econometric models.

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Indonesia Remittances

Actual Previous Highest Lowest Dates Unit Frequency
2575.00 2870.00 2898.41 1202.00 2005 - 2020 USD Million Quarterly

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 2327.40 3238.40 4641.92 -2329.13 USD Million [+]
Current Account -2896.20 -3749.40 3795.00 -10125.60 USD Million [+]
Current Account to GDP -2.70 -3.00 4.80 -6.80 percent [+]
Imports 10741.80 10464.30 18297.15 21.00 USD Million [+]
Exports 13069.20 13702.70 18647.83 30.00 USD Million [+]
External Debt 408592.91 389251.56 408592.91 119594.10 USD Million [+]
Terms of Trade 101.78 101.39 117.70 77.43 points [+]
Foreign Direct Investment 97.60 98.00 112.00 35.40 IDR Trillion [+]
Remittances 2575.00 2870.00 2898.41 1202.00 USD Million [+]
Tourist Arrivals 159760.00 160282.00 1555346.00 159760.00 [+]
Gold Reserves 78.60 78.60 96.45 73.09 Tonnes [+]
Crude Oil Production 680.00 713.00 1720.00 651.00 BBL/D/1K [+]
Terrorism Index 5.07 4.54 6.55 3.92 [+]
Tourism Revenues 88.43 2911.28 4722.71 88.43 USD Million [+]
Weapons Sales 8.00 15.00 94.00 1.00 USD Million [+]
Capital Flows 10523.78 -2931.99 15903.81 -9456.20 USD Million [+]


Indonesia Remittances
In Indonesia, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).