CURRENT ACCOUNT - JAKARTA. Indonesia's current account deficit widened in the fourth quarter, data from the central bank showed on Monday.
Southeast Asia's largest economy booked a $8.1 billion current account deficit in October-December, equivalent to 2.84% of gross domestic product (GDP), from a 2.7% gap in the previous quarter, Bank Indonesia said.
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The balance of payments, representing all transactions with foreign counterparts, swung to a $4.3 billion surplus in the fourth quarter, compared with $46 million deficit in the previous three months.
The current account deficit for all of 2019 was equal to 2.72% of GDP. There was a surplus of $4.7 billion for the full-year balance of payments.
