Indonesia Current Account to GDP

Indonesia is expected to record a Current Account deficit of 3.20 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Indonesia is reported by the Bank Indonesia. Current Account to GDP in Indonesia averaged -0.45 Percent from 1980 until 2013, reaching an all time high of 4.80 Percent in 2000 and a record low of -6.80 Percent in 1983. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Indonesia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.20 -2.70 4.80 -6.80 -3.98 | 2014/06 1980 - 2013 Percent Yearly

TO

Indonesia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 785.30 2014-02-15 -430.60 4641.92 -2329.13 647.23 2014-03-31 USD Million [+]
Current Account -4018.00 2013-11-15 -8449.00 3795.00 -9954.00 -6370.85 2014-03-31 USD Million [+]
Exports 14570.60 2014-02-15 14472.30 18647.83 30.00 14514.07 2014-03-31 USD Million [+]
Imports 13785.30 2014-02-15 14916.20 17416.99 21.00 14152.92 2014-03-31 USD Million [+]
Current Account to GDP -3.20 2013-12-31 -2.70 4.80 -6.80 -3.98 2014-06-30 Percent [+]
Crude Oil Production 785.00 2013-12-15 793.00 1720.00 785.00 779.78 2014-01-31 Thousands Barrels per Day [+]
External Debt 264060.33 2013-12-31 251199.94 264060.33 132629.00 270540.55 2014-06-30 USD Million [+]
Foreign Direct Investment 72000.00 2014-02-15 71200.00 72000.00 35400.00 76700.36 2014-06-30 Billion IDR [+]
Remittances 1852.00 2013-11-15 1835.00 1866.00 1202.00 1837.75 2014-06-30 USD Million [+]
Terms of Trade 104.96 2014-02-15 106.51 135.30 89.01 104.86 2014-03-31 Index Points [+]
Tourist Arrivals 702666.00 2014-02-15 753079.00 860655.00 548821.00 786486.71 2014-03-31 [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Bank Indonesia Leaves Rates Unchanged  
At its April 8th, 2014 meeting, Bank Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, as inflation, current account and rupiah pressures eased.
Bank Indonesia Leaves Monetary Policy on Hold  
Bank Indonesia decided on March 13th, 2014 to hold the benchmark interest rate steady at 7.5 percent for the fourth straight meeting, as pressures over the inflation rate and the rupiah have eased.
Indonesia Holds Rates Steady in February  
At its February 13th, 2014 meeting, Bank Indonesia left its benchmark interest rate unchanged at 7.5 percent, as widely expected, as the country’s current account deficit had narrowed sharply in the last quarter of 2013. The lending and deposit facility rates were also left unchanged at 7.50 percent and 5.75 percent, respectively.
Indonesia GDP Accelerates in Q4 2013  
In the last quarter of 2013, Indonesian GDP advanced at a faster-than-expected 5.72 percent over a year earlier, up from 5.62 percent in the previous quarter and breaking a two-year trend of declining GDP.
Bank Indonesia Leaves Rates on Hold in January  
In its January 9th meeting, Bank Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, as widely expected. The lending and deposit facility rates were also left on hold at 7.50 percent and 5.75 percent, respectively.
Indonesia Monetary Policy Unchanged in December  
At its December 12th meeting, Bank of Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, its highest level since 2009. The Central Bank said its decision was consistent with efforts to lower the annual inflation rate to 3.5-5.5 percent in 2014.
Bank Indonesia Raises the BI Rate by 25 bps to 7.5%  
In its November 12th meeting, Bank Indonesia decided to raise the BI rate for the fifth time this year by 25 bps to 7.5 percent. The benchmark interest rate is now at its highest since 2009, as policy makers keep efforts to decrease the current account deficit that has weighed on the rupiah.
Indonesian GDP Growth Slows to 5.62% YoY in Q3  
In the third quarter of 2013, Indonesian economy expanded by an annual 5.62 percent, the lowest growth rate in nearly four years. A surge in government spending was not enough to offset a slowdown in investment, hurt by higher borrowing costs as the central bank rose the interest rate by 150 bps since June to curb inflation and a slide in the currency.
Bank Indonesia Keeps BI rate On Hold at 7.25%  
The Bank Indonesia decided on October 8th to leave the BI Rate unchanged at 7.25 percent after raising it by 150 bps this year.
Bank Indonesia Raises the BI Rate to 7.25%  
Bank Indonesia decided on September 12th to raise the BI Rate for the fourth time this year by 25 bps to 7.25 percent and after having raised it by 50 bps later August. The central bank attempts to stabilize the rupiah, control the inflation rate and the current account.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News