Current Account in Indonesia

Indonesia Current Account (USD bn) | Economic News & Forecasts

Indonesia - Current Account (billions of U.S. Dollars)

A surge in Covid-19 infections and the associated reimposition of containment measures throughout much of Q3 seemingly weighed heavily on the economy, after it bounced back in the second quarter. Retail sales weakened considerably in July-August, which, coupled with souring consumer confidence in the quarter, bodes ill for household spending. Moreover, the manufacturing PMI sank in July and remained entrenched in contractionary terrain in August, pointing to subdued private sector activity, although it returned to expansionary territory in September. Meanwhile, parliament approved the 2022 budget in late September, targeting a 4.9% fiscal deficit to reduce reliance on debt, with the aim to bring the deficit down to 3.0% by 2023. At the same time, a parliamentary commission approved a tax reform proposal to introduce a carbon tax, overhaul the VAT system and offer another tax amnesty.

Indonesia - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-17.5  -17.0  -16.2  -30.6  -30.4  

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Indonesia Current Account (USD bn) Chart

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

Indonesia Facts

Value Change Date
Bond Yield7.10-0.05 %Dec 31
Exchange Rate13,8830.05 %Jan 01

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