Remittances in Indonesia decreased to 2870 USD Million in the fourth quarter of 2019 from 2883 USD Million in the third quarter of 2019.

Remittances in Indonesia averaged 1926.79 USD Million from 2005 until 2019, 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 May of 2020. source: Bank Indonesia

Remittances in Indonesia is expected to be 2878.00 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 3116.00 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
2870.00 2883.00 2898.41 1202.00 2005 - 2019 USD Million Quarterly

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -344.70 715.70 4641.92 -2329.13 USD Million [+]
Current Account -3924.00 -8082.10 3795.00 -10125.60 USD Million [+]
Current Account to GDP -3.00 -1.60 4.80 -6.80 percent [+]
Imports 12538.00 13352.20 18297.15 21.00 USD Million [+]
Exports 12193.30 14067.90 18647.83 30.00 USD Million [+]
External Debt 389251.56 404281.95 404281.95 119594.10 USD Million [+]
Terms of Trade 95.66 102.11 117.70 77.43 points [+]
Foreign Direct Investment 98.00 105.30 112.00 35.40 IDR Trillion [+]
Remittances 2870.00 2883.00 2898.41 1202.00 USD Million [+]
Tourist Arrivals 470898.00 863960.00 1555346.00 470898.00 [+]
Gold Reserves 78.60 78.54 96.45 73.09 Tonnes [+]
Crude Oil Production 729.00 725.00 1720.00 651.00 BBL/D/1K [+]
Terrorism Index 5.07 4.54 6.55 3.92 [+]
Tourism Revenues 2911.28 4481.34 4722.71 1554.22 USD Million [+]
Weapons Sales 15.00 94.00 94.00 1.00 USD Million [+]
Capital Flows -2931.99 12611.25 15903.81 -9456.20 USD Million [+]


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