Indonesia's current account surplus was at USD 4.38 billion in Q3 of 2022, down from a gain of USD 4.96 billion in the same quarter of the prior year. Still, the latest figure pointed to the fifth straight quarter of surplus and was equivalent to 1.3 percent of the country's GDP. The deficit of services account widened to USD 5.27 billion from USD 3.56 billion a year ago and that of primary income increased to USD 9.28 billion from USD 8.27 billion. At the same time, the surplus of goods account increased to USD 17.52 billion from USD 15.41 billion in the prior year, supported by a further recovery in global demand and high commodity prices. Meanwhile, the surplus of secondary income stood at USD 1.41 billion, little changed from a gain of USD 1.42 billion previously. source: Bank Indonesia

Current Account in Indonesia averaged -978.48 USD Million from 1981 until 2022, reaching an all time high of 4963.00 USD Million in the third quarter of 2021 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 February of 2023.

Current Account in Indonesia is expected to be 3500.00 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 700.00 USD Million in 2023 and -1000.00 USD Million in 2024, according to our econometric models.

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Indonesia Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-08-19 03:00 AM Q2 $3.9B $0.4B $0.1B
2022-11-18 03:00 AM Q3 $4.4B $4.0B $3.2B
2023-02-20 03:00 AM Q4 $4.4B $ 3.5B


Related Last Previous Unit Reference
Balance of Trade 3888.30 5131.90 USD Million Dec 2022
Current Account 4376.00 4023.00 USD Million Sep 2022
Current Account to GDP 0.30 -0.44 percent of GDP Dec 2021
Exports 23828.10 24094.00 USD Million Dec 2022
Imports 19939.80 18962.00 USD Million Dec 2022
External Debt 394573.91 403043.72 USD Million Sep 2022
Remittances 2452.04 2387.76 USD Million Sep 2022
Tourism Revenues 2413.75 1626.32 USD Million Sep 2022
Capital Flows -6070.33 -1081.93 USD Million Sep 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
4376.00 4023.00 4963.00 -10125.60 1981 - 2022 USD Million Quarterly

News Stream
Indonesia Posts Current Account Surplus
Indonesia's current account surplus was at USD 4.38 billion in Q3 of 2022, down from a gain of USD 4.96 billion in the same quarter of the prior year. Still, the latest figure pointed to the fifth straight quarter of surplus in the current account, and was equivalent to 1.3% of the country's GDP during the quarter. The deficit of services account widened to USD 5.27 billion from USD 3.56 billion a year ago and that of primary income increased to USD 9.28 billion from USD 8.27 billion. At the same time, the surplus of goods account increased to USD 17.52 billion from USD 15.41 billion in the prior year, supported by a further recovery in global demand and high commodity prices. Meanwhile, the surplus of secondary income stood at USD 1.41 billion, little changed from a gain of USD 1.42 billion previously.
2022-11-18
Indonesia Q2 Current Account Swings to Surplus
Indonesia posted a current account surplus of USD 3.85 billion in the second quarter of 2022, equivalent to 1.1 percent of GDP, shifting from a deficit of USD 1.93 billion in the corresponding quarter of the previous year. This was the fourth straight quarter of surplus in current account and the biggest surplus since the third quarter 2021, as the goods surplus widened sharply to USD 16.81 billion from USD 8.34 billion a year ago, amid a further recovery in global demand and soaring commodity prices, while the secondary income surplus edged up to USD 1.52 billion from USD 1.47 billion a year earlier. On the other hand, the primary income gap increased to USD 9.51 billion from USD 8.02 billion, while the services shortfall rose to USD 4.97 billion from USD 3.71 billion.
2022-08-19
Indonesia Q1 Current Account Swings to Surplus
Indonesia posted a current account surplus of USD 0.22 billion in the first quarter of 2022, equivalent to 0.1 percent of GDP, shifting from a deficit of USD 1.09 billion in the corresponding quarter of the previous year. It was the third straight quarter of surplus in current account, as the goods surplus widened sharply to USD 11.14 billion from USD 7.63 billion a year ago, amid a further recovery in global demand and surging commodity prices, while the secondary income surplus inched up to USD 1.49 billion from USD 1.43 billion a year earlier. At the meantime, the primary income gap went up to USD 8.01 billion from USD 6.75 billion, while the services shortfall increased to USD 4.41 billion from USD 3.39 billion.
2022-05-20