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.
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 September of 2020. source: Bank Indonesia
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.