The current account deficit in Indonesia widened 64.3% to $9.1 billion in Q4 2018 from a $5.6 billion gap a year earlier. It was the largest current account deficit since Q2 2014, as the goods account switched to a $2,576 million shortfall from a $3,086 million surplus a year earlier, mainly due to a 12% surge in imports and a 1% drop in exports. In contrast, the services gap narrowed to $1,623 million from $2,135 million, amid a rise in travel services due to the Asian Para Games in Jakarta and the IMF-World Bank Annual Meeting in Bali. Also, the primary income deficit was down to $6,988 million from $7,752 million, mainly due to lower interest payments on government debt and the secondary income surplus increased to $2,039 million from $1,235 million. Considering full 2018, Indonesia recorded a $31.06 billion current account deficit, equivalent to 2.98% of the GDP, almost twice a $16.2 billion gap recorded in 2017, mainly due to higher imports of oil, raw materials and capital goods. Current Account in Indonesia averaged -931.28 USD Million from 1981 until 2018, reaching an all time high of 3795 USD Million in the third quarter of 2006 and a record low of -10125.60 USD Million in the second quarter of 2013.

Current Account in Indonesia is expected to be -5660.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Indonesia to stand at -3100.00 in 12 months time. In the long-term, the Indonesia Current Account is projected to trend around -3100.00 USD Million in 2020, according to our econometric models.

Indonesia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-11 10:30 AM Current Account $-5.5B $-5.7B $ -4.5B
2018-08-10 10:00 AM Current Account $-8B $-5.7B $ -5.6B
2018-11-09 10:30 AM Current Account $-8.8B $-8B $ -5B
2019-02-08 08:40 AM Current Account $-9.1B $-8.6B $ -1.4B
2019-05-10 10:30 AM Current Account $-9.1B $ -5.7B
2019-08-09 10:00 AM Current Account $ -5B
2019-11-08 10:30 AM Current Account $ -3.9B


Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade 540.20 329.50 4641.92 -2329.13 USD Million [+]
Current Account -9148.00 -8625.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -3.00 -1.60 4.80 -6.80 percent [+]
Imports 13486.20 12202.10 18297.10 21.00 USD Million [+]
Exports 14026.40 12531.60 18647.83 30.00 USD Million [+]
External Debt 376839.29 359793.63 376839.29 119594.10 USD Million [+]
Terms of Trade 106.35 104.81 117.70 77.43 Index Points [+]
Foreign Direct Investment 99.00 89.10 112.00 35.40 IDR Trillion [+]
Remittances 2711.00 2802.00 2802.00 1202.00 USD Million [+]
Tourist Arrivals 1270825.00 1212562.00 1536489.00 548821.00 [+]
Gold Reserves 78.50 78.50 96.45 73.09 Tonnes [+]
Crude Oil Production 776.00 747.00 1720.00 747.00 BBL/D/1K [+]
Terrorism Index 4.54 4.55 6.55 3.92 [+]
Weapons Sales 102.00 94.00 102.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Indonesia Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Indonesia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-9148.00 -8625.00 3795.00 -10125.60 1981 - 2018 USD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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