Indonesia's current account deficit decreased to USD 7.68 billion in the September quarter 2019 from a USD 8.48 billion gap a year earlier, equivalent to 2.7 percent of the country's gross domestic product. The goods account posted a surplus of USD 1.26 billion, compared to a USD 0.50 billion gap a year ago. On the other hand, the services account gap rose to USD 2.27 billion from USD 1.82 billion and the primary income gap increased to USD 8.43 billion from USD 7.98 billion. In addition, the secondary income surplus was unchanged at USD 1.78 billion. Current Account in Indonesia averaged -1019.14 USD Million from 1981 until 2019, 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. source: Bank Indonesia

Current Account in Indonesia is expected to be -5900.00 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 -8500.00 in 12 months time. In the long-term, the Indonesia Current Account is projected to trend around -8000.00 USD Million in 2020, according to our econometric models.

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Indonesia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-7665.00 -8152.00 3795.00 -10125.60 1981 - 2019 USD Million Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-02-08 08:40 AM Q4 $-9.1B $-8.6B $ -1.4B
2019-05-10 03:30 AM Q1 $-7.0B $-9.1B $ -5.7B
2019-08-09 03:00 AM Q2 $-8.4B $-7.0B $ -5B
2019-11-08 03:00 AM Q3 $-7.7B $-8.2B $ -5.9B
2020-02-10 03:00 AM Q4 $-7.7B $-9.0B


News Stream
2019-08-09
Indonesia Current Account Gap Widens in Q2
Indonesia's current account deficit widened to USD 8.44 billion in the June quarter 2019 from a USD 7.95 billion gap a year earlier, equivalent to 3.0 percent of the country's gross domestic product. The goods account surplus narrowed to USD 0.19 billion from USD 0.28 billion a year ago, with exports falling 8.4 percent and imports decreasing 8.2 percent and the services account gap rose to USD 1.96 billion from USD 1.84 billion. Also, the primary income gap increased to USD 8.73 billion from USD 8.02 billion and the secondary income deficit advanced to USD 2.06 billion from USD 1.63 billion.

2019-05-10
Indonesia Current Account Gap Widens in Q1
Indonesia's current account deficit widened to USD 6.97 billion in the March quarter 2019 from an upwardly revised USD 5.34 billion gap a year earlier, equivalent to 2.6 percent of the country's gross domestic product. The goods account surplus narrowed sharply to USD 1.06 billion from USD 2.32 billion a year ago, with exports falling 8.6 percent and imports declining 6.1 percent and the services account gap increased to USD 1.79 billion from USD 1.57 billion. Also, the primary income shortfall rose to USD 8.10 billion from USD 7.39 billion and the secondary income deficit advanced to USD 1.87 billion from USD 1.44 billion.

2019-02-08
Indonesia Current Account Deficit Highest in 4-1/2-Years
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.


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).

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -28.20 -1392.90 4641.92 -2329.13 USD Million [+]
Current Account -7665.00 -8152.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -3.00 -1.60 4.80 -6.80 percent [+]
Imports 14501.30 15340.50 18297.15 21.00 USD Million [+]
Exports 14473.10 13947.60 18647.83 30.00 USD Million [+]
External Debt 395634.41 391827.59 395634.41 119594.10 USD Million [+]
Terms of Trade 106.76 105.89 117.70 77.43 points [+]
Foreign Direct Investment 105.00 104.90 112.00 35.40 IDR Trillion [+]
Remittances 2898.41 2784.40 2898.41 1202.00 USD Million [+]
Tourist Arrivals 1291117.00 1354396.00 1555346.00 548821.00 [+]
Gold Reserves 78.54 78.54 96.45 73.09 Tonnes [+]
Crude Oil Production 700.00 659.00 1720.00 659.00 BBL/D/1K [+]
Terrorism Index 5.07 4.54 6.55 3.92 [+]
Weapons Sales 15.00 94.00 94.00 1.00 USD Million [+]