Indonesia External Debt
Total external debt stocks DT.DOD.DECT.CD
Indonesia's external debt was $407.3B in 2025, ranked 6th globally. This represents a 3.3% decrease from 2024. Data from World Bank, covering 1970–2025.
Overview
Indonesia's external debt stood at $407.3B in 2025, a decline of +$13.8B from 2024. Based on recent trends, this figure is projected to reach $407.3B by 2025. Indonesia ranked 6th globally.
Indonesia’s external debt reached 407,252,237,257.47 in 2025, ranking sixth globally and reflecting a substantial increase from its earliest recorded level of 3,432,691,278.30 in 1970. Over a 56-year period, the country’s external obligations have expanded significantly, peaking at 421,059,208,493.80 in 2024 before a marginal decline the following year. This trajectory underscores Indonesia’s growing integration into global financial markets and its reliance on foreign capital to finance development and fiscal needs. While Indonesia's debt remains below that of peer nations such as Mexico, which reported 581,345,185,187.86 in 2025, it exceeds that of the Russian Federation at 346,071,537,646.27, positioning it within a group of major emerging market borrowers. The slight dip in 2025 after the 2024 peak may indicate efforts to stabilize leverage amid global interest rate volatility and exchange rate pressures. Going forward, the trend will likely depend on monetary policy tightening in advanced economies, commodity export performance, and investor confidence in Indonesia’s macroeconomic management.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $405.2B | - | - |
| 2026* trend | $406.2B | - | - |
| 2025* trend | $407.3B | - | - |
| 2025 | $407.3B | −$13.8B | #6 |
| 2024 | $421.1B | +$21.4B | #112 |
| 2023 | $399.6B | +$3.6B | #113 |
| 2022 | $396.0B | −$21.9B | #115 |
| 2021 | $417.8B | +$808.7M | #114 |
| 2020 | $417.0B | +$14.7B | #114 |
| 2019 | $402.4B | +$22.5B | #114 |
| 2018 | $379.9B | +$26.2B | #114 |
| 2017 | $353.7B | +$34.6B | #114 |
| 2016 | $319.1B | +$11.2B | #114 |
| 2015 | $307.8B | +$15.3B | #114 |
| 2014 | $292.6B | +$28.9B | #112 |
| 2013 | $263.6B | +$11.0B | #112 |
| 2012 | $252.6B | +$33.0B | #112 |
| 2011 | $219.6B | +$21.4B | #111 |
Detected Pattern
Analysis
Indonesia matched the Export Boom Cycle pattern in 2011. Historically, 71% of countries showing this pattern (546 out of 768) saw external debt improve within 24 months. View full analysis →
Frequently Asked Questions
Indonesia's external debt was $407.3B in 2025. Ranked 6th globally. This represents a 3.3% decrease from the previous year.
Indonesia's external debt peaked at $421.1B in 2024.
The lowest external debt in Indonesia was $3.4B in 1970.
Indonesia ranks 6th globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Indonesia's external debt is projected to reach $407.3B by 2025 based on trend extrapolation.
Indonesia's external debt was approximately 407.25 billion ($407.3B) in 2025.
The external debt of Indonesia in 2025 was $407.3B. This ranks 6th in the world.
Cite this page
@misc{historysaid_indonesia_external-debt,
title = {Indonesia External Debt},
url = {https://historysaid.com/indonesia/external-debt/},
publisher = {HistorySaid},
year = {2026}
}