Indonesia posted a current account surplus of USD 0.80 billion in the fourth quarter of 2020, equivalent to 0.3 percent of GDP, shifting from a USD 8.05 billion deficit in the corresponding month of the previous year. It was the second straight quarter of surplus in current account, as the goods surplus widened sharply to USD 9.95 billion from a USD 0.31 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 fell to USD 7.48 billion from USD 8.32 billion. Meantime, the services shortfall rose to USD 3.11 billion from USD 2 billion mainly due to a rise in the deficit telecommunication and transportation services, while the secondary income surplus narrowed to USD 1.43 billion from USD 1.97 billion. For 2020 full year, the current account deficit narrowed sharply to USD 4.74 billion, or 2.7 percent of GDP, from 30.28 billion in 2019 (0.4 percent of GDP). 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 March of 2021.
Current Account in Indonesia is expected to be -2500.00 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 -6900.00 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.