KONTAN.CO.ID - JAKARTA. Indonesia posted its second straight quarter of current account surplus in the last three months of 2020, amounting to $795 million, or 0.3% of gross domestic product, versus the third quarter's 0.4% surplus, central bank data showed on Friday. Southeast Asia's largest economy reported a deficit in it financial and capital accounts in October to December, taking its balance of payments to a deficit of $156 million, compared with a $2.1 billion surplus in the previous quarter. The current account deficit in 2020 shrank to 0.4% of GDP, from 2019's 2.7%. The balance of payments last year had a surplus of $2.6 billion, compared with 2019's $4.7 billion.
Indonesia posts 2nd straight quarter of current account surplus, BoP at a deficit
KONTAN.CO.ID - JAKARTA. Indonesia posted its second straight quarter of current account surplus in the last three months of 2020, amounting to $795 million, or 0.3% of gross domestic product, versus the third quarter's 0.4% surplus, central bank data showed on Friday. Southeast Asia's largest economy reported a deficit in it financial and capital accounts in October to December, taking its balance of payments to a deficit of $156 million, compared with a $2.1 billion surplus in the previous quarter. The current account deficit in 2020 shrank to 0.4% of GDP, from 2019's 2.7%. The balance of payments last year had a surplus of $2.6 billion, compared with 2019's $4.7 billion.