Indonesia recorded a $3.3 billion current account surplus for the whole of 2021, equivalent to 0.3% of GDP, helped by a boom in commodity prices and strong demand from trade partners. It was the first current account surplus since 2011. source: Bank Indonesia

Current Account to GDP in Indonesia averaged -0.71 percent of GDP from 1980 until 2021, reaching an all time high of 4.80 percent of GDP in 2000 and a record low of -6.80 percent of GDP in 1983. This page provides - Indonesia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Current Account to GDP - values, historical data and charts - was last updated on November of 2022.

Current Account to GDP in Indonesia is expected to reach 1.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Current Account to GDP is projected to trend around 0.70 percent of GDP in 2023 and 0.40 percent of GDP in 2024, according to our econometric models.

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Indonesia Current Account to GDP

Related Last Previous Unit Reference
Current Account 4376.00 4023.00 USD Million Sep 2022
Current Account to GDP 0.30 -0.44 percent of GDP Dec 2021
External Debt 394573.91 403043.72 USD Million Sep 2022
Remittances 2387.76 2345.15 USD Million Jun 2022
Tourism Revenues 2413.75 1626.32 USD Million Sep 2022
Capital Flows -6070.33 -1081.93 USD Million Sep 2022

Indonesia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.44 4.80 -6.80 1980 - 2021 percent of GDP Yearly