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Indonesia posts 2022 current account surplus on commodity boom

Biggest since 2009 as a percentage of GDP, helps rupiah currency stay steady

Indonesian workers in Pekanbaru, Riau province, load palm oil fruit to be transported for processing in April 2022. Indonesia is the world's largest exporter of palm oil.   © Reuters

JAKARTA (Reuters) -- Indonesia booked a current account surplus of $13.2 billion in 2022, or 1% of gross domestic product, as the resource-rich country enjoyed high commodity prices and exports last year, its central bank said.

The current account surplus in 2022 was the biggest since 2009 in terms of percentage of GDP, according to World Bank data.

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