Current Account in Indonesia

Indonesia Current Account | Economic News & Forecasts

Indonesia - Current Account

The economy should have performed fairly well in the fourth quarter, likely supported by solid fixed investment and government consumption, although high-frequency indicators paint a nuanced picture. On one hand, tourist arrivals grew at a double-digit pace in October. On the other, growth in retail sales and merchandise exports was soft in the same month, while the manufacturing PMI declined for the third straight month in November and now hovers only slightly above contractionary territory. This comes after economic growth was solid in Q3 thanks to domestic demand, despite edging down from Q2. In mid-November, the government announced plans to relax foreign-ownership rules in numerous economic sectors, which should support FDI inflows going forward. Also in November, Indonesia concluded a trade deal with the four European Free Trade Association (EFTA) members, although the boost to the external sector will likely only be mild.

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

ValueChangeDate
Bond Yield8.07-0.05 %Jan 16
Exchange Rate14,1230.05 %Jan 16
Stock Market6,413-0.32 %Jan 16

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