Indonesia: Strong performance of the current account in 2022 – UOB – by pabspiovano Indonesia CurrentAccount Banks
Economist at UOB Group Enrico Tanuwidjaja reviews the latest results from the current account in Indonesia.“Indonesia’s 4Q22 current account position recorded another quarter of surplus to the tune of USD4.3bn , though slightly lower than 3Q22's USD4.5bn .”
“The capital and financial account recorded a significantly lower deficit of just USD0.4bn , down from USD5.5bn on the back of“Overall, Indonesia recorded an even stronger CA surplus amounting to USD13.2bn in 2022 , after registering USD3.5bn surplus in 2021 . This comes on the back of more than a decade of persistent deficit amidst strong import demand.
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