Indonesia Current Account

Indonesia recorded a current account deficit of $4,679 million (2.0 percent of GDP) in the second quarter of 2016, compared to a marginally revised $4,762 million gap (2.2 percent of GDP) in the previous period.
The non-oil trade balance surplus widened ($4,916 million from $3,244 in Q1), mainly driven by rising exports of textiles and textile products, vehicles and parts, and machinery and mechanical equipment. On the other hand, oil and gas trade deficit increased ($1,431 million from $843 in Q1), in line with rising world oil prices. In addition, the service account deficit also widened ($1,999 million from $1,148 in Q1), following the seasonal pattern of travel services. Current Account in Indonesia averaged -581.63 USD Million from 1981 until 2016, reaching an all time high of 3795 USD Million in the third quarter of 2006 and a record low of -10125.60 USD Million in the second quarter of 2013. Current Account in Indonesia is reported by the Bank Indonesia. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides – Indonesia Current Account – actual values, historical data, forecast, chart, statistics, economic calendar and news.