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Indonesia's Q2 current account deficit at 2.05% of GDP: BI
[JAKARTA] Indonesia's current account deficit widened to 2.05 per cent of gross domestic product in the second quarter from a revised 1.92 per cent in January-March, the central bank said on Friday.
The second quarter current account deficit stood at US$4.48 billion, compared with a revised US$4.1 billion a year earlier.
Although rising from the first quarter, the gap in the 2015 April-June quarter was significantly lower than the 3.97 per cent of GDP recorded in the 2014 second quarter, in line with improvements in Indonesia's trade balance.
The current account is the broadest measure of a country's foreign trade transactions of both goods and services. It is a part of the balance of payments, which summarise an economy's transactions with the rest of the world.
Bank Indonesia said there was a US$2.5 billion surplus in the financial and capital account in the second quarter, bringing the balance of payments to a deficit of US$2.93 billion.