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.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fading bets of early RBA cuts frustrate Albanese reelection plan
France moves to acquire key activities of tech giant Atos
Hamas says no ‘major’ issues, as Gaza truce effort builds
Thai power demand hits record as extreme heat prompts warnings
Philippines denies deal with China over disputed South China Sea shoal
‘Everyone sits out’: Yangon parks offer heatwave relief