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. 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 July of 2022.

Current Account in Indonesia is expected to be 5000.00 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
2022-02-18 03:00 AM Q4 $1.4B $5.0B $-2.6B
2022-05-20 03:00 AM Q1 $0.2B $1.5B $1.0B
2022-08-19 03:00 AM Q2 $0.2B


Related Last Previous Unit Reference
Current Account 221.00 1496.00 USD Million May 2022
Current Account to GDP 0.30 -0.44 percent of GDP Dec 2021
External Debt 411517.10 415065.42 USD Million Mar 2022
Remittances 2345.15 2324.01 USD Million Mar 2022
Tourism Revenues 218.45 187.81 USD Million Mar 2022
Capital Flows -1703.40 -2354.42 USD Million Mar 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
221.00 1496.00 4950.00 -10125.60 1981 - 2022 USD Million Quarterly

News Stream
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
Indonesia Current Account Surplus Widens in Q4
Indonesia's current account surplus increased to USD 1.42 billion in the fourth quarter of 2021, equivalent to 0.4 percent of GDP, from USD 0.85 billion in the corresponding quarter of the previous year, as the goods surplus widened sharply to USD 12.43 billion from USD 9.97 billion a year ago, amid a further recovery in global demand and surging commodity prices, while the secondary income surplus edged up to USD 1.95 billion from USD 1.42 billion a year earlier. On the other hand, the primary income gap rose to USD 8.89 billion from USD 7.44 billion, while the services shortfall went up to USD 4.08 billion from USD 3.11 billion. For the whole year of 2021, the current account posted a surplus of USD 3.33 billion, the first surplus since 2011, switching from a deficit of USD 4.43 billion in 2020.
2022-02-18
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