FX.co ★ Indonesia Posts Current Account Surplus for 1st Time in 2-1/2 Years

Indonesia recorded a current account surplus of USD 4.0 billion in the third quarter of 2025, representing 1.1% of the country's GDP. This notable turnaround comes from a deficit of USD 2.0 billion in the same quarter of the previous year, marking Indonesia's first current account surplus since the first quarter of 2023 and the largest since the third quarter of 2022. The trade surplus saw a significant jump to USD 16.1 billion from USD 9.2 billion, fueled by a rise in the non-oil trade surplus and a narrowing services gap due to increased activity by foreign investors. Additionally, the secondary income surplus rose to USD 1.7 billion, up from USD 1.5 billion. However, the primary income deficit experienced a slight increase, reaching USD 9.4 billion compared to USD 8.5 billion a year prior, while the services account deficit decreased marginally to USD 4.3 billion from USD 4.2 billion. In contrast, the previous year saw a substantial widening of the current account deficit to USD 8.68 billion from USD 2.04 billion in 2023, attributed to a drop in the trade surplus amid weakened foreign demand.