Indonesia's Payment Transactions Record Deficit Since Q4 2011

Economics & Macro

Lite

14/08/2018 07:36 WIB

URL has been copied

Memuat...

The current account deficit in the second quarter of this year is the deepest since Q4 2014.

Indonesia's Current Account Balance (TW I 2010 - TW II 2018)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesia's Payment Transactions Record Deficit Since Q4 2011

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Indonesia's Current Account Balance (TW I 2010 - TW II 2018)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Domestic economic activity, which has driven increased investment and import demand, has resulted in Indonesia's current account consistently recording a deficit since the fourth quarter of 2011. On the other hand, export performance has not been able to show the expected growth.

According to Bank Indonesia data, the current account deficit in the second quarter of 2018 increased to US$8 billion (3% of GDP) compared to US$5.7 billion (2.2% of GDP) in the previous quarter. The deficit in the second three months of the year was the largest since the fourth quarter of 2014. Therefore, in the first half of 2018, Indonesia's current account recorded a deficit of US$13.7 billion (2.6% of GDP).

The increase in the current account deficit was influenced by a decline in the non-oil and gas trade surplus amid a rising deficit in the oil and gas trade balance. The increase in imports of raw materials and capital goods as a result of production and investment activities, coupled with a decline in non-oil and gas exports, led to an increase in the deficit in payments in the last quarter.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."