Indonesia's current account deficit widens to US$4 billion

JAKARTA, KOMPAS.com – Bank Indonesia (BI) reported that Indonesia’s current account deficit widened in the first quarter of 2026. The current account deficit stood at US$4 billion, or 1.1 percent of gross domestic product (GDP). The figure was higher than in Q4 2025, when it stood at US$2.5 billion or 0.7 percent of GDP. Executive Director of BI’s Communications Department, Ramdan Denny Prakoso, said the current account deficit remained low amid global economic slowdown. ‘The current account shows a low deficit,’ he said in a written statement on Friday (22 May 2026). The condition occurred as the services income balance narrowed and the surplus in the secondary income balance remained stable. The goods trade balance in Q1 2026 recorded a surplus of US$8 billion. This surplus was lower than in the previous quarter’s US$10.2 billion. The decrease was driven by a reduced surplus in non-oil and gas trade and a narrowing deficit in oil and gas trade. The figure was lower than the previous quarter’s surplus of US$16 billion. ‘(The decrease in the non-oil and gas trade surplus) is aligned with the global economic slowdown and disruptions to cross-border supply chains,’ he said.