Current Account in Indonesia

Indonesia Current Account | Economic News & Forecasts

Indonesia - Current Account

Growth picked up in the second quarter on stronger private and government consumption, and the economy appears to have performed well so far in the third quarter. Industrial production and tourist arrivals boomed in July, while retail sales were solid in the same month. Moreover, in August consumer sentiment was firmly in optimistic territory and the manufacturing PMI rose to a multi-year high on faster output and new orders growth. However, the external sector remains a key vulnerability, with a second consecutive monthly trade deficit recorded in August. This is putting downward pressure on the rupiah, which has reached a 20-year low against the dollar in recent weeks as part of a wider emerging-market selloff, forcing the central bank to dip into its international reserves to support the currency. As part of a broader package aimed at propping up the rupiah, the government recently announced higher import taxes on over 1,000 products.

Indonesia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -3.1  -2.0  -1.8  -1.7  

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Indonesia Current Account Chart

Indonesia Current Account
Note: Current account balance as % of GDP.
Source: Statistics Indonesia and Met the why particular calculations.

Indonesia Facts

Bond Yield8.85-0.05 %Oct 16
Exchange Rate15,2000.05 %Oct 16
Stock Market5,801-0.32 %Oct 16

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