Indonesia posts first current account surplus since 2011 in Q3
[JAKARTA] Indonesia recorded a US$1 billion current account surplus in the July-September period, its first surplus since the final quarter of 2011, as movement curbs to control the coronavirus pandemic suppressed imports, Bank Indonesia said on Friday.
The third-quarter current account surplus was equal to 0.4 per cent of gross domestic product (GDP), and followed a deficit of 1.2 per cent of GDP in the previous three months, the central bank said in a statement.
Southeast Asia's largest economy also recorded a surplus in its capital and financial accounts in the third quarter, bringing the balance of payments to a US$2.1 billion surplus. The balance of payments' surplus in April-June was US$9.2 billion.
REUTERS
A NEWSLETTER FOR YOU
Asean Business
Business insights centering on South-east Asia's fast-growing economies.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s Jan-March foreign investment inflows down 26%
South Korea government offers first compromise to end doctors' strike
Japanese AI tool predicts when recruits will quit jobs
India votes in gigantic election dominated by jobs, Hindu pride and Modi
Britain’s retail sales disappoint in sign of lacklustre recovery
Explosions in Iran, US media reports Israeli strikes