Current Account in Indonesia

Indonesia Current Account | Economic News & Forecasts

Indonesia - Current Account

The economy likely continued expanding close to 5% in the fourth quarter, with 100 basis points of rate cuts since June supporting domestic activity. In October, retail sales perked up, while tourist arrivals grew at a healthy pace following a choppy Q3. Moreover, government import substitution policies to limit the current account deficit likely supported the external sector’s contribution to growth. However, signs from the manufacturing sector are downbeat: The PMI was in contractionary territory for the fifth straight month in November amid lower new orders and output. This comes after the external sector buttressed the economy in the third quarter, offsetting softer domestic dynamics. On the political front, in late November Indonesia and South Korea finalized negotiations on a free trade deal. If ratified next year, the deal should support Indonesia’s embattled exporters.

Indonesia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -3.1  -2.0  -1.8  -1.6  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Indonesia Current Account Chart


Indonesia Current Account
Note: Current account balance as % of GDP.
Source: Statistics Indonesia and FocusEconomics calculations.

Indonesia Facts

ValueChangeDate
Bond Yield7.10-0.05 %Dec 31
Exchange Rate13,8830.05 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form