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. 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 June of 2021.
Current Account in Indonesia is expected to be -1500.00 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 -6000.00 in 12 months time. In the long-term, the Indonesia Current Account is projected to trend around -6000.00 USD Million in 2022, according to our econometric models.