Indonesia's current account surplus increased to USD 4.47 billion in the third quarter of 2021, equivalent to 1.5 percent of GDP, from USD 1 billion in the corresponding quarter of the previous year, as the goods surplus widened sharply to USD 15.03 billion from USD 9.79 billion a year ago, amid a further recovery in global demand and surging commodity prices, while the secondary income surplus inched up to USD 1.42 billion from USD 1.37 billion a year earlier. On the other hand, the primary income gap rose to USD 8.34 billion from USD 7.40 billion, while the services shortfall increased to USD 3.63 billion from USD 2.76 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 2021.

Current Account in Indonesia is expected to be -5500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Current Account is projected to trend around -6000.00 USD Million in 2022, according to our econometric models.

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Indonesia Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-08-20 03:00 AM Q2 $-2.2B $-1.1B
2021-11-19 03:00 AM Q3 $4.5B $-2.0B $-5.5B
2022-02-18 05:10 AM Q4


Related Last Previous Unit Reference
Current Account 4474.00 -1965.00 USD Million Sep/21
Current Account to GDP -0.44 -2.70 percent of GDP Dec/20
External Debt 423117.82 415081.72 USD Million Sep/21
Remittances 2302.92 2276.98 USD Million Sep/21
Tourism Revenues 76.94 121.04 USD Million Sep/21
Capital Flows 6096.55 1918.36 USD Million Sep/21

News Stream
Indonesia Current Account Surplus Widens in Q3
Indonesia's current account surplus increased to USD 4.47 billion in the third quarter of 2021, equivalent to 1.5 percent of GDP, from USD 1 billion in the corresponding quarter of the previous year, as the goods surplus widened sharply to USD 15.03 billion from USD 9.79 billion a year ago, amid a further recovery in global demand and surging commodity prices, while the secondary income surplus inched up to USD 1.42 billion from USD 1.37 billion a year earlier. On the other hand, the primary income gap rose to USD 8.34 billion from USD 7.40 billion, while the services shortfall increased to USD 3.63 billion from USD 2.76 billion.
2021-11-19
Indonesia Current Account Gap Narrows in Q2
Indonesia's current account deficit declined to USD 2.23 billion in the second quarter of 2021, equivalent to 0.8 percent of GDP, from USD 2.90 billion in the corresponding month of the previous year, as the goods surplus widened sharply to USD 8.10 billion from a USD 3.95 billion a year ago, amid a further recovery in global demand and rising commodity prices, while the secondary income surplus edged up to USD 1.47 billion from USD 1.44 billion a year earlier. On the other hand, the primary income gap widened to USD 8.14 billion from USD 6.16 billion, while the services shortfall increased to USD 3.65 billion from USD 2.13 billion, mainly due to a rise in the deficit of transportation services.
2021-08-20
Indonesia Current Account Gap Narrows in Q1
Indonesia's current account deficit declined to USD 1 billion in the first quarter of 2021, equivalent to 0.4 percent of GDP, from USD 3.43 billion in the corresponding month of the previous year, as the primary income gap fell to USD 6.92 billion from USD 7.91 billion, while the goods surplus widened sharply to USD 7.91 billion from a USD 4.51 billion a year ago, in line with the improvement in export performance. At the same time, the services shortfall rose to USD 3.42 billion from USD 1.72 billion, mainly due to a rise in the deficit of transportation services, while the secondary income surplus decreased to USD 1.43 billion from USD 1.69 billion a year earlier.
2021-05-21

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).