Indonesia Posts Current Account Surplus for 1st Time in 2-1/2 Years

Indonesia posted a current account surplus of USD 4.0 billion in Q3 2025 (1.1% of GDP), shifting from a USD 2.0 billion gap in the same quarter of 2024. This marked the country’s first current account surplus since Q1 2023 and its largest since Q3 2022, as the trade surplus surged to USD 16.1 billion, up from USD 9.2 billion, supported by an increase in the non-oil trade surplus. The secondary income surplus also increased to USD 1.7 billion, from USD 1.5 billion. Meanwhile, the primary income deficit widened slightly to USD 9.4 billion, compared with USD 8.5 billion a year earlier, while the services account deficit rose slightly to USD 4.3 billion from USD 4.2 billion. Last year, the current account deficit widened significantly to USD 8.7 billion, up from USD 2.0 billion in 2023, driven by a decline in the trade surplus amid subdued foreign demand. For this year, the central bank expects the current account to be within a range of a 0.1% surplus to a 0.7% deficit of GDP.