Indonesia recorded a $3.3 billion current account surplus for the whole of 2021, equivalent to 0.3% of GDP, helped by a boom in commodity prices and strong demand from trade partners. It was the first current account surplus since 2011. source: Bank Indonesia

Current Account to GDP in Indonesia averaged -0.71 percent of GDP from 1980 until 2021, reaching an all time high of 4.80 percent of GDP in 2000 and a record low of -6.80 percent of GDP 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 May of 2022.

Current Account to GDP in Indonesia is expected to reach -1.70 percent of GDP by the end of 2022, 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 of GDP in 2023 and -2.50 percent of GDP in 2024, according to our econometric models.

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Indonesia Current Account to GDP



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 2324.01 2302.92 USD Million Dec 2021
Tourism Revenues 218.45 187.81 USD Million Mar 2022
Capital Flows -1703.40 -2354.42 USD Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.44 4.80 -6.80 1980 - 2021 percent of GDP Yearly