Indonesia posts first current account surplus since 2011 in Q3

MACROECONOMICS - JAKARTA. Indonesia recorded a $1 billion current account surplus in the July-September period, its first surplus since the third quarter of 2011, as movement curbs to control the coronavirus pandemic suppressed imports, Bank Indonesia said on Friday.

The third-quarter current account surplus was equal to 0.4% of gross domestic product (GDP), and followed a deficit of 1.2% of GDP in the previous three months, the central bank said in a statement.

Southeast Asia's largest economy also recorded a surplus in its capital and financial accounts in the third quarter, bringing the balance of payments to a $2.1 billion surplus. The balance of payments' surplus in April-June was $9.2 billion.

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