2016, Current Account Deficit Shrinks

Economics & Macro

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18/11/2016 18:03 WIB

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Indonesia's Current Account Balance and Percentage of GDP

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Indonesia's Current Account Balance and Percentage of GDP

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The current account deficit throughout 2016 decreased, both in terms of amount and percentage of Gross Domestic Product (GDP). The increase in the non-oil and gas trade balance surplus and the narrowing of the oil and gas trade balance deficit reduced the current account deficit in the third quarter of 2016.

Indonesia's balance of payments, as released by Bank Indonesia, shows that the current account deficit in the third quarter of 2016 reached US$4.49 billion (1.83 percent of GDP), lower than the previous quarter's US$5 billion (2.16 percent of GDP).

Inflows of foreign funds into the domestic financial market resulted in a financial account surplus of US$9.42 billion in the third quarter of 2016. This is higher than the previous quarter's US$7.5 billion and significantly higher than the same quarter of the previous year, which recorded a surplus of only US$184 million.

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2016, Current Account Deficit Shrinks

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Since 2011, Indonesia's Budget and Current Account have been in deficit.

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Through July 2018, the balance of trade and payments showed a deficit.

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Indonesia's Current Account Deficit Reached 3% of GDP in Q2 2018

Indonesia's Current Account Deficit Reached Rp 129 Trillion in the Third Quarter of 2018

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2016, Current Account Deficit Shrinks

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Since 2011, Indonesia's Budget and Current Account have been in deficit.

Current Account Deficit Shrinks 48 Percent

Through July 2018, the balance of trade and payments showed a deficit.

Indonesia's Trade and Current Account Balance Deficit, 2018

Indonesia's Current Account Deficit Reached 3% of GDP in Q2 2018

Indonesia's Current Account Deficit Reached Rp 129 Trillion in the Third Quarter of 2018

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