Indonesia’s current account deficit widened to a record USD 12.49 billion in Q2 2026 from USD 2.89 billion a year earlier, equivalent to 3.3% of GDP. The deterioration was driven mainly by a sharp reduction in the trade surplus, which fell to USD 1.32 billion from USD 10.52 billion as imports surged amid higher oil prices linked to the Middle East conflict. The services deficit also expanded to USD 5.98 billion, while the primary income deficit narrowed slightly to USD 9.67 billion and the secondary income surplus rose to USD 1.75 billion. In the previous year, the annual current account gap had fallen to USD 1.25 billion, or 0.1% of GDP, from USD 8.58 billion in 2024.