JAKARTA (Reuters) – Indonesia posted a $1.1 billion deficit in its current account in the final quarter of 2024, equivalent to 0.3% of GDP, the central bank said in a statement on Thursday.
The country recorded an $7.9 billion surplus in its balance of payments in the last three months of 2024.
For 2024, Indonesia had a current account deficit of $8.9 billion, equivalent to 0.6% of GDP, Bank Indonesia said, widening from $2 billion, or 0.1% of GDP, in 2023.
BI said the wider deficit in 2024 reflected a decline in the trade surplus as demand from major trading partners weakened.
The country recorded an $7.2 billion surplus in its balance of payments for 2024, larger than a surplus of $6.3 billion in 2023.
In 2025, BI expects the current account deficit will be in a range of 0.5% to 1.3% of GDP.
(Reporting by Stefanno Sulaiman; Editing by John Mair)
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