ECONOMIC ANALYSIS
Indonesia\'s Balance of Payments
Although the balance of payments still saw a deficit of US$46 million in the third quarter, it was far lower than the nearly $2 billion recorded in the second quarter.
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A renewable energy exhibition booth attendant speaks to visitors about biofuels — BO, B20, B30 and B100 — at JIEXPO in Kemayoran, North Jakarta, on Nov. 6.
Indonesia recorded some improvement in its balance of payments in the third quarter of 2019. Although the balance of payments still saw a deficit of US$46 million in the third quarter, it was far lower than the nearly $2 billion recorded in the second quarter.
This improvement was mainly due to a surplus of $1.25 billion in the balance of goods in the third quarter of 2019. As a result, the current account deficit fell to $7.68 billion from $8.15 billion in the second quarter of 2019.
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