Current Account in Indonesia

Indonesia Current Account | Economic News & Forecasts

Indonesia - Current Account

The economy likely grew strongly in the first quarter of the year. Private consumption should have performed well, boosted by low inflation and government fiscal support to low-income families; indeed, retail sales growth was elevated in January and February. Moreover, tourist arrivals were buoyant in the same two months. On the other hand, manufacturing was soft, with the PMI averaging lower in Q1 than in Q4 2018 amid ebbing global growth. External headwinds also partly explain the sharp fall in goods exports in Q1, which led the trade balance to worsen in annual terms despite a notable decline in imports. On the political front, general elections will be held on 17 April. Incumbent Joko Widodo is the bookies’ favorite, whose victory would signal policy continuity and likely see a renewed focus on infrastructure development.

Indonesia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -3.1  -2.0  -1.8  -1.7  

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Indonesia Current Account Chart

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

Indonesia Facts

Bond Yield8.03-0.05 %May 13
Exchange Rate14,4150.05 %May 13
Stock Market6,135-0.32 %May 13

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