JAKARTA: Indonesia posted a US$ 1.1 billion gap in its current account in the last quarter of 2024, similar to 0.3 per share of GDP, the central bank said in a statement on Thursday.
In the final three months of 2024, the nation recorded a US$ 7.9 billion glut in its balance of payments.
For 2024, Indonesia had a current account deficit of US$ 8.9 billion, similar to 0.6 per share of GDP, Bank Indonesia said, widening from US$ 2 billion, or 0.1 per share of GDP, in 2023.
As demand from main trading partners weakened, BI claimed that the overall gap in 2024 was a result of a decrease in the industry surplus.
The nation recorded a glut of US$ 7.2 billion in its balance of payments for 2024, which is higher than the US$ 6.3 billion deficit from US$ 6.3 billion in 2023.
The current account deficit, according to BI, will be between 0.5 % and 1.3 % of GDP in 2025.