Indonesia's Current Account Deficit Predicted at 2.7% of GDP in 2020

PDB

Lite

Dwi Hadya Jayani 21/06/2019 17:12 WIB

URL has been copied

Memuat...

Indonesian exports of goods and services will grow more slowly in US dollars due to weakening economic growth in partner countries.

Projected Inflation Rate, Current Account Balance, and Indonesian GDP

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesia's Current Account Deficit Predicted at 2.7% of GDP in 2020

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.

Projected Inflation Rate, Current Account Balance, and Indonesian GDP

Download

Source

A Small Font
A Medium Font
A Bigger Font

The Asian Development Bank (ADB), in its Asian Development Outlook 2019, predicts that Indonesia's current account deficit will fall to 2.7% of Gross Domestic Product (GDP) in 2019 and 2020. Indonesia's exports of goods and services will grow more slowly in US dollars due to weaker economic growth in its trading partner countries.

Conversely, import growth will also be lower due to reduced demand for capital goods following the completion of large-scale infrastructure projects. Nevertheless, revenue from the tourism sector will continue to grow positively and sustainably.

The ADB also projects Indonesia's GDP to grow by 5.2% in 2019, increasing to 5.3% in 2020. Despite a weakening global economy and declining exports, Indonesia can offset this with strong domestic demand. Furthermore, fiscal and monetary policies also support Indonesia's economic growth.

Editor : Hari Widowati

"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."