February 10, 2020 / 3:21 AM / 11 days ago

Indonesia Q4 current account deficit widens to 2.84%

JAKARTA, Feb 10 (Reuters) - 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.

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. (Reporting by Tabita Diela; Editing by Kim Coghill)

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