Indonesia Current Account1981-2021 Data | 2022-2023 Forecast | Calendar

Indonesia's current account deficit declined to USD 2.23 billion in the second quarter of 2021, equivalent to 0.8 percent of GDP, from USD 2.90 billion in the corresponding month of the previous year, as the goods surplus widened sharply to USD 8.10 billion from a USD 3.95 billion a year ago, amid a further recovery in global demand and rising commodity prices, while the secondary income surplus edged up to USD 1.47 billion from USD 1.44 billion a year earlier. On the other hand, the primary income gap widened to USD 8.14 billion from USD 6.16 billion, while the services shortfall increased to USD 3.65 billion from USD 2.13 billion, mainly due to a rise in the deficit of transportation services.

Indonesia's current account deficit declined to USD 1 billion in the first quarter of 2021, equivalent to 0.4 percent of GDP, from USD 3.43 billion in the corresponding month of the previous year, as the primary income gap fell to USD 6.92 billion from USD 7.91 billion, while the goods surplus widened sharply to USD 7.91 billion from a USD 4.51 billion a year ago, in line with the improvement in export performance. At the same time, the services shortfall rose to USD 3.42 billion from USD 1.72 billion, mainly due to a rise in the deficit of transportation services, while the secondary income surplus decreased to USD 1.43 billion from USD 1.69 billion a year earlier.

Indonesia posted a current account surplus of USD 0.80 billion in the fourth quarter of 2020, equivalent to 0.3 percent of GDP, shifting from a USD 8.05 billion deficit in the corresponding month of the previous year. It was the second straight quarter of surplus in current account, as the goods surplus widened sharply to USD 9.95 billion from a USD 0.31 billion a year ago, in line with the improvement in export performance amid subdued imports due to weak domestic demand. In addition, the primary income gap fell to USD 7.48 billion from USD 8.32 billion. Meantime, the services shortfall rose to USD 3.11 billion from USD 2 billion mainly due to a rise in the deficit telecommunication and transportation services, while the secondary income surplus narrowed to USD 1.43 billion from USD 1.97 billion. For 2020 full year, the current account deficit narrowed sharply to USD 4.74 billion, or 2.7 percent of GDP, from 30.28 billion in 2019 (0.4 percent of GDP).

Indonesia posted a current account surplus of USD 0.96 billion in the third quarter of 2020, equivalent to 0.4 percent of GDP, shifting from a USD 7.50 billion deficit in the corresponding month of the previous year, or 2.7 percent of GDP. It was the first current account surplus since the third quarter of 2011, as the goods surplus widened sharply to USD 9.80 billion from a USD 1.36 billion a year ago, in line with the improvement in export performance amid subdued imports due to weak domestic demand. In addition, the primary income gap dropped to USD 7.59 billion from USD 8.42 billion. Meantime, the services shortfall increased to USD 2.62 billion from USD 2.27 billion due to a rise in the deficit travel services, while the secondary income surplus narrowed to USD 1.37 billion from USD 1.83 billion.