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.