Indonesia’s current account deficit deepened markedly in the second quarter of 2026, widening to -3.30% of GDP from -1.09% in the first quarter of the year. The latest figures, updated on 21 August 2026, point to a significant deterioration in the country’s external balance over just one quarter.
The shift from a moderate to a much larger deficit suggests that Indonesia is either importing substantially more than it exports, experiencing weaker export revenues, or a combination of both, relative to the size of its economy. The move to a -3.30% of GDP current account position in Q2 2026 may heighten investor focus on how the country’s external financing needs will be managed in the coming quarters.
Analysts and market participants will be watching subsequent data releases closely to assess whether this widening deficit is temporary or the start of a more persistent trend that could influence Indonesia’s macroeconomic stability and policy decisions going forward.
