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  

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

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