The surplus in the BOP position may be attributed partly to higher net inflows of foreign direct investments and foreign portfolio investments which was bolstered by favorable investor sentiment on the country’s solid macroeconomic fundamentals.
At the same time, the current account balance in the first three quarters of 2019 posted a narrower deficit of $ million from $ billion in the same period in 2018. This positive development was due largely from the lower trade in goods deficit combined with higher net receipts in the trade in services, and in the primary and secondary income accounts.