Current Account in Indonesia

Indonesia Current Account | Economic News & Forecasts

Indonesia - Current Account

In the second quarter of the year, growth should have been broadly unchanged from that of the first quarter. Domestic signs are generally encouraging: Retail sales grew rapidly in April and May, likely supported by buoyant consumer confidence, while the manufacturing PMI averaged higher than in Q1. However, goods exports plummeted in April and May, while tourist arrivals stagnated over the same period, potentially dampened by recent floods. That said, lower imports, amid government measures to contain the current account deficit, could have offset the damage to the external sector in the second quarter. Meanwhile, in other news, the government has recently announced a raft of tax incentives to support the property sector and firms who invest in employee training and research and development, in a bid to boost the economy.

Indonesia - Current Account Data

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

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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 Yield7.23-0.05 %Jul 11
Exchange Rate14,0650.05 %Jul 11
Stock Market6,417-0.32 %Jul 11

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