Indonesia - Cuenta corriente

Indonesia's current account deficit widened to USD 8.44 billion in the June quarter 2019 from a USD 7.95 billion gap a year earlier, equivalent to 3.0 percent of the country's gross domestic product. The goods account surplus narrowed to USD 0.19 billion from USD 0.28 billion a year ago, with exports falling 8.4 percent and imports decreasing 8.2 percent and the services account gap rose to USD 1.96 billion from USD 1.84 billion. Also, the primary income gap increased to USD 8.73 billion from USD 8.02 billion and the secondary income deficit advanced to USD 2.06 billion from USD 1.63 billion.

Indonesia's current account deficit widened to USD 6.97 billion in the March quarter 2019 from an upwardly revised USD 5.34 billion gap a year earlier, equivalent to 2.6 percent of the country's gross domestic product. The goods account surplus narrowed sharply to USD 1.06 billion from USD 2.32 billion a year ago, with exports falling 8.6 percent and imports declining 6.1 percent and the services account gap increased to USD 1.79 billion from USD 1.57 billion. Also, the primary income shortfall rose to USD 8.10 billion from USD 7.39 billion and the secondary income deficit advanced to USD 1.87 billion from USD 1.44 billion.

The current account deficit in Indonesia widened 64.3% to $9.1 billion in Q4 2018 from a $5.6 billion gap a year earlier. It was the largest current account deficit since Q2 2014, as the goods account switched to a $2,576 million shortfall from a $3,086 million surplus a year earlier, mainly due to a 12% surge in imports and a 1% drop in exports. In contrast, the services gap narrowed to $1,623 million from $2,135 million, amid a rise in travel services due to the Asian Para Games in Jakarta and the IMF-World Bank Annual Meeting in Bali. Also, the primary income deficit was down to $6,988 million from $7,752 million, mainly due to lower interest payments on government debt and the secondary income surplus increased to $2,039 million from $1,235 million. Considering full 2018, Indonesia recorded a $31.06 billion current account deficit, equivalent to 2.98% of the GDP, almost twice a $16.2 billion gap recorded in 2017, mainly due to higher imports of oil, raw materials and capital goods.