Current Account Deficit Narrows in Q2 2020

Economics & Macro

Premium

Dimas Jarot Bayu 15/10/2020 15:47 WIB

URL has been copied

Memuat...

Indonesia's current account deficit (CAD) was recorded at US$2.9 billion, or 1.2% of its Gross Domestic Product (GDP), in the second quarter of 2020.

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Current Account Deficit Narrows in Q2 2020”.

Rp10.000

We accept the following payments:

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

Indonesia's Current Account Balance

Download

Source

A Small Font
A Medium Font
A Bigger Font

Indonesia's current account deficit (CAD) in the second quarter of 2020 was recorded at US$2.9 billion, or 1.2% of the Gross Domestic Product (GDP). This figure is lower than the previous quarter's US$3.75 billion, equivalent to 1.4% of GDP.

The decrease in the current account deficit is mainly due to a surplus in the merchandise trade balance. This occurred as a result of decreased imports due to weakening domestic demand.

Furthermore, the deficit in the income balance also decreased due to reduced payments of returns to foreign investors. Meanwhile, the deficit in the services balance slightly increased, driven by a decrease in travel services due to a significant decline in foreign tourist visits during the Covid-19 pandemic.

Editor : Muhammad Ahsan Ridhoi

"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."