Indonesia Current Account Gap Narrows in Q1
Indonesia's current account deficit declined to USD 0.17 billion in Q1 2025, down from USD 2.44 billion in Q1 2024.
This marked the eighth consecutive quarter of a shortfall, but it was the smallest gap in the sequence, representing just 0.1% of the country's GDP.
The primary income deficit increased slightly to USD 9.37 billion from USD 8.84 billion a year earlier, while the services account deficit widened to USD 5.44 billion from USD 4.19 billion.
Meanwhile, the trade surplus surged to USD 13.06 billion, compared to USD 9.29 billion a year earlier, and the secondary income surplus rose to USD 1.57 billion from USD 1.30 billion.
Last year, the current account deficit widened sharply to USD 8.47 billion (0.6% of GDP), up from USD 2.04 billion in 2023 (0.1% of GDP), driven by a decline in the trade surplus amid subdued foreign demand, while domestic demand remained strong.
However, the figure remained within the central bank's target range of 0.1% to 0.9%.
Source: Trading Economi
