Indonesia’s 2Q current account deficit widens to 0.9% of GDP

Bank Indonesia said the deficit in service trade widened due to travel to Saudi Arabia for the hajj pilgrimage during the quarter, affecting the current account balance. — Reuters

JAKARTA: Indonesia’s current account deficit widened to 0.9% of gross domestic product (GDP), or US$3bil, in the second quarter from a revised deficit of 0.7% of GDP in the previous quarter, the central bank says.

The deficit as a percentage of GDP was at its widest since the second quarter of 2020, data from LSEG Workspace data showed.