Indonesia’s current account deficit widened to USD 2.54 billion in Q4 2025, up from USD 1.14 billion in the same quarter a year earlier. This outcome marked a reversal from the surplus recorded in Q3, which had been the first positive reading since Q1 2023.
The primary income deficit increased to USD 9.59 billion from USD 8.96 billion a year earlier. At the same time, the goods surplus narrowed to USD 10.16 billion from USD 11.30 billion, largely reflecting a deeper deficit in oil trade. Offsetting these developments to some extent, the services deficit narrowed to USD 4.87 billion from USD 5.10 billion, while the secondary income surplus inched up to USD 1.76 billion from USD 1.62 billion.
On a full-year basis, the current account deficit narrowed sharply to USD 1.45 billion in 2025, from USD 8.58 billion in 2024, indicating a significant strengthening in Indonesia’s external position.
