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Indonesia Debt to GDP Ratio

Indonesia's government debt-to-GDP ratio fell to 38.8% in 2024, down from 39.2% in 2023. This is the lowest level since 2019. Prudent fiscal management, a budget deficit of 1.65% of GDP in 2023, strong economic growth and controlled inflation are driving this trend. The government's fiscal policy prioritizes efficiency and reallocation of funds. Indonesia's record low government debt to gdp was 23% in 2012 and record high was 87.43% in 2000.

Yearly Historical Data (2000-2024)

(in %)
Year Debt to GDP Ratio
2024 38.8%
2023 39.2%
2022 39.7%
2021 41.1%
2020 39.7%
2019 30.6%
2018 30.4%
2017 29.4%
2016 28%
2015 27%
2014 24.7%
2013 24.9%
2012 23%
2011 23.1%
2010 24.5%
2009 26.5%
2008 30.2%
2007 32.3%
2006 35.8%
2005 42.6%
2004 51.3%
2003 55.6%
2002 62.3%
2001 73.7%
2000 87.4%
Indonesia Debt to GDP Ratio : Definition
Indonesia's government debt to GDP shows the level of government debt relative to the country's economic output. It's calculated by dividing total government debt by gross domestic product. A higher ratio suggests greater difficulty repaying debt.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.6% -0.1% Dec'24
Interest Rate 4.75% 4.75% Oct'25
Private Credit (% GDP) 36.39% 36.01% 2024