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. source: Bank Indonesia

Current Account in Indonesia averaged -1127.52 USD Million from 1981 until 2020, 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. This page provides - Indonesia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Current Account in Indonesia is expected to be -9000.00 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 -7500.00 in 12 months time. In the long-term, the Indonesia Current Account is projected to trend around -8000.00 USD Million in 2021, according to our econometric models.

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Indonesia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
964.00 -2944.20 3795.00 -10125.60 1981 - 2020 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 03:00 AM Q4 $-8.1M $-7.5B $-9.0B
2020-05-20 03:00 AM Q1 $-3.9M $-8.1M $ -5.5B
2020-08-18 03:15 AM Q2 $-2.9B $-3.7M $ -10.5B
2020-11-20 04:00 AM Q3 $1B $-2.9B $ -9B
2021-02-10 03:00 AM Q4 $1B
2021-05-20 03:00 AM Q1
2021-08-18 03:15 AM Q2
2021-11-20 03:00 AM Q3


News Stream
Indonesia Posts First Current Account Surplus in 9 Years
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.
2020-11-20
Indonesia Current Account Gap Smallest in Over 3 Years
Indonesia's current account deficit declined to USD 2.90 billion in the second quarter of 2020, equivalent to 1.2 percent of GDP, from USD 8.21 billion in the corresponding month of the previous year, or 3 percent of GDP. It was the smallest current account gap since the first quarter of 2017, as the goods surplus widened to USD 3.99 billion from a USD 0.57 billion a year ago while the primary income gap dropped to USD 6.17 billion from USD 8.90 billion. Meantime, the services shortfall increased to USD 2.15 billion from USD 1.88 billion and the secondary income surplus narrowed to USD 1.44 billion from USD 2.0 billion.
2020-08-18
Indonesia Current Account Gap Smallest in 3 Years
Indonesia's current account deficit declined to USD 3.92 billion in the first quarter of 2020, equivalent to 1.4 percent of GDP, from USD 6.60 billion in the corresponding month of the previous year, or 2.8 percent of GDP. It was the smallest current account gap since the first quarter of 2017, as the goods surplus widened to USD 4.40 billion from a USD 1.27 billion a year ago while the primary income gap edged down to USD 8.08 billion from USD 8.13 billion. Meantime, the services shortfall increased to USD 1.87 billion from USD 1.57 billion and the secondary income surplus narrowed to USD 1.63 billion from USD 1.83 billion.
2020-05-20
Indonesia Current Account Gap Narrows in Q4
Indonesia's current account deficit decreased to USD 8.12 billion in the December quarter 2019 from USD 9.51 billion in the corresponding month of the previous year, equivalent to 2.84 percent of the country's gross domestic product. The goods account shifted to a USD 0.31 billion surplus from a USD 2.49 billion gap a year ago. On the other hand, the services shortfall widened to USD 2.06 billion from USD 1.65 billion; the primary income gap increased to USD 8.35 billion from USD 7.43 billion; and the secondary income surplus declined to USD 30.42 billion from USD 30.63 billion. Considering 2019 as a whole, the country's current account deficit fell to USD 30.42 billion from USD 30.63 billion in 2018.
2020-02-10

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).