Indonesia's current account deficit declined to USD 1.15 billion in Q4 of 2024, down from USD 1.38 billion in Q4 of 2023. This marked the 7th consecutive quarter of a shortfall, but it was the smallest gap in this sequence, representing 0.3% of the country's GDP. The primary income shortfall inched lower to USD 9.01 billion from USD 9.26 billion a year ago, while the services account deficit widened to USD 5.19 billion from USD 4.77 billion. Meanwhile, the trade surplus remained little changed at USD 11.34 billion, compared to USD 11.39 billion a year earlier, while the secondary income surplus rose to USD 1.72 billion from the prior USD 1.25 billion. For the full year 2024, the current account deficit widened sharply to USD 8.86 billion (0.6% of GDP) from USD 2.04 billion (0.1% of GDP) in 2023, due to a decline in the trade surplus amid subdued foreign demand, while domestic demand remained strong. However, the figure stayed within the central bank's outlook range of 0.1% to 0.9% source: Bank Indonesia

Indonesia recorded a Current Account deficit of 2150 USD Million in the third quarter of 2024. Current Account in Indonesia averaged -965.96 USD Million from 1981 until 2024, reaching an all time high of 5020.00 USD Million in the third quarter of 2021 and a record low of -10125.60 USD Million in the second quarter of 2013. This page provides - Indonesia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on March of 2025.

Indonesia recorded a Current Account deficit of 2150 USD Million in the third quarter of 2024. Current Account in Indonesia is expected to be -1200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-21 03:00 AM
Current Account
Q3 $-2.2B $-3.2B $-1.5B
2025-02-20 03:20 AM
Current Account
Q4 $-1.1B $-2.0B $ -0.6B
2025-05-20 03:00 AM
Current Account
Q1 $-1.1B $ -1.2B


Related Last Previous Unit Reference
Balance of Trade 3116.90 3492.40 USD Million Feb 2025
Capital Flows 606.00 6581.00 USD Million Dec 2024
Current Account -1145.00 -2008.00 USD Million Dec 2024
Current Account to GDP -0.30 1.00 percent of GDP Dec 2023
Exports 21981.20 21428.30 USD Million Feb 2025
External Debt 424848.56 428136.03 USD Million Dec 2024
Imports 18864.30 18000.20 USD Million Feb 2025
Remittances 4075.27 3981.78 USD Million Dec 2024
Tourism Revenues 4074.20 5163.58 USD Million Dec 2024

Indonesia Current Account
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).
Actual Previous Highest Lowest Dates Unit Frequency
-1145.00 -2008.00 5020.00 -10125.60 1981 - 2024 USD Million Quarterly


News Stream
Indonesia Current Account Gap Widens Sharply in 2024
Indonesia's current account deficit declined to USD 1.15 billion in Q4 of 2024, down from USD 1.38 billion in Q4 of 2023. This marked the 7th consecutive quarter of a shortfall, but it was the smallest gap in this sequence, representing 0.3% of the country's GDP. The primary income shortfall inched lower to USD 9.01 billion from USD 9.26 billion a year ago, while the services account deficit widened to USD 5.19 billion from USD 4.77 billion. Meanwhile, the trade surplus remained little changed at USD 11.34 billion, compared to USD 11.39 billion a year earlier, while the secondary income surplus rose to USD 1.72 billion from the prior USD 1.25 billion. For the full year 2024, the current account deficit widened sharply to USD 8.86 billion (0.6% of GDP) from USD 2.04 billion (0.1% of GDP) in 2023, due to a decline in the trade surplus amid subdued foreign demand, while domestic demand remained strong. However, the figure stayed within the central bank's outlook range of 0.1% to 0.9%
2025-02-20
Indonesia Current Account Gap Widens in Q3
Indonesia's current account deficit widened to USD 2.15 billion in Q3 of 2024 from USD 1.16 billion in the same period of 2023, pointing to the sixth consecutive quarter of shortfall while representing 0.6% of the country's GDP. The services account deficit rose to USD 4.15 billion from USD 3.90 billion a year earlier while the primary income shortfall edged up to USD 8.86 billion from  USD 8.67 billion a year ago. Simultaneously, the trade surplus narrowed to USD 9.29 billion from USD 10.16 billion a year before, amid a faster rise in imports due to strengthened domestic demand. In the meantime, the secondary income surplus increased to USD 1.58 billion from the prior USD 1.25 billion, supported by remittance revenue. In 2023, the current account deficit stood at USD 2.15 billion, a sharp reversal from a surplus of USD 13.22 billion in the preceding year. The central bank maintained its current account deficit forecast at around 0.1%-0.9% of GDP range for this year.
2024-11-21
Indonesia Current Account Gap Largest Since 2020
Indonesia's current account deficit widened to USD 3.02 billion in Q2 of 2024 from USD 2.50 billion, pointing to the fifth straight quarter of shortfall while representing 0.9% of the country's GDP. The latest reading marked the largest current account deficit since Q1 of 2020, as the services account deficit surged to a six-quarter high of USD 5.15 billion from USD 4.60 billion a year earlier, due to an increased travel services gap. Meanwhile, the primary income shortfall was at USD 9.29 billion, almost unchanged from the gap of USD 9.30 billion a year ago. Simultaneously, the trade surplus came in at USD 9.96 billion, compared with a gain of USD 9.98 billion a year before. In the meantime, the secondary income surplus edged higher to USD 1.47 billion from the prior USD 1.43 billion. In 2023, the current account deficit stood at USD 2.14 billion, a sharp reversal from a surplus of USD 13.22 billion in the preceding year.
2024-08-22