BI records US$4 billion current account deficit in Q1, the worst since 2019

Jakarta, CNBC Indonesia – Bank Indonesia (BI) recorded the current account deficit reaching US$4 billion, or 1.1% of GDP, in the first quarter of 2026. The deficit rose from US$2.5 billion in Q4-2025, or 0.7% of GDP. This deficit is also larger than US$200 million or 0.1%. This is the largest deficit since Q4-2019, when it stood at US$8.04 billion. BI nonetheless maintains that the current account deficit remains low. “Non-oil and gas trade balance continued to record a surplus, albeit lower than the surplus in the previous quarter, in line with the slowdown in global economic growth and disruptions to cross-border supply chains,” said Ramdan Denny Prakoso, Head of BI’s Public Communications Department, on Friday (22/5/2026). BI notes that the goods trade balance still recorded a surplus of US$8 billion across Q1-2026. This surplus was lower than US$10.2 billion in Q4-2025. Then the non-oil and gas trade balance stayed in surplus at US13.3billion, lowerthanthepreviousquarter′ssurplusRp16billion.Adapun, BImenuturkandefisitneracaperdaganganmigasjugamenurunditengahaktivitasekonomidomestikyangtetapterjaga.Defisitneracapendapatanprimermeningkatdipengaruhiolehkenaikanpembayarankupon/bunga.Sementaraitu, kinerjaneracajasamembaiksejalandenganpenurunanimporjasafreight.DefisitneracaperdaganganmigastercatatdefisitUS 5,3 miliar pada kuartal I-2026, dari US$ 5,7 miliar pada kuartal IV-2025. Defisit ini dipengaruhi oleh konsumsi minyak domestik yang tertahan akibat konflik di Timur Tengah. (haa/haa) Add as a preferredsource on Google [Gambas:Video CNBC]