Indonesia reported a current account deficit of 0.44 percent in 2020 compared to 2.70 percent deficit in 2019. source: Bank Indonesia

Current Account to GDP in Indonesia averaged -0.73 percent from 1980 until 2020, reaching an all time high of 4.80 percent in 2000 and a record low of -6.80 percent in 1983. This page provides - Indonesia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Current Account to GDP - values, historical data and charts - was last updated on November of 2021.

Current Account to GDP in Indonesia is expected to reach -1.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Current Account to GDP is projected to trend around -2.00 percent in 2022, according to our econometric models.

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Indonesia Current Account to GDP

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
Indonesia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.