## Indonesia: Selected Issues

_IMF Staff Country Reports, February 10, 2017_

## Source details

**Canonical URL:** [Indonesia: Selected Issues](https://www.imf.org/en/publications/cr/issues/2017/02/11/indonesia-selected-issues-44654)

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## Bibliographic details
- Published: February 10, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475577624.002

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### Capital inflows: key findings
- Capital inflows to Indonesia have increased since the global financial crisis.
- Average volume of capital inflows:
  - 3.25 percent of GDP in 2005–09
  - 4.50 percent of GDP in the first quarter of 2010 to the third quarter of 2016
- From the global perspective, liquidity released from the systemic economies’ unconventional monetary policies spurred a global search for yields that led to large capital inflows to emerging and developing economies (EMDEs), especially portfolio inflows.
- While many EMDEs experienced a steady decline in capital inflows during 2013–16, Indonesia’s capital inflows:
  - increased and reached a peak in late 2014
  - then started to decline but remained at relatively high levels from the first quarter of 2015 to the third quarter of 2016

### Analytical emphasis
- The paper analyzes capital inflows to Indonesia since the global financial crisis, situating Indonesia’s experience within the broader EMDE trend driven by unconventional monetary policies in systemic economies.
- Emphasis is placed on portfolio inflows as a key channel of the global search for yields affecting EMDEs, including Indonesia.

### Subject areas covered (as listed)
- Balance of payments
- Capital inflows
- Double taxation
- Expenditure
- National accounts
- Private investment
- Revenue administration
- Social assistance spending
- Taxes

*International Monetary Fund. "Indonesia: Selected Issues" (February 10, 2017).*

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- **Country Report**
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_Source: https://www.imf.org/en/publications/cr/issues/2017/02/11/indonesia-selected-issues-44654_