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Economy of China vs Indonesia compared: GDP & Debt

Updated on by Georank

China has a GDP of $19.5T compared to $1.45T for Indonesia, ranking 2/197 and 17/197 by economy size, respectively.

China has $19.3T in government debt (99.2% of GDP), compared to $593B (41% of GDP) in Indonesia.

China vs Indonesia GDP by year

China
Indonesia
1x
Year GDP, current $
China Indonesia
2025 $19,498,039,388,043 $1,445,642,584,164
2024 $18,729,668,435,848 $1,396,301,788,462
2023 $18,270,356,654,533 $1,371,166,925,750
2022 $18,316,765,021,690 $1,319,101,183,380
2021 $18,201,698,719,564 $1,186,509,691,087
2020 $14,996,414,166,715 $1,059,054,842,698
2019 $14,560,167,101,283 $1,119,099,871,350
2018 $14,147,765,772,964 $1,042,271,532,989
2017 $12,537,559,062,283 $1,015,618,744,160
2016 $11,456,024,084,962 $931,877,364,038
2015 $11,280,814,787,469 $860,854,232,686
2014 $10,674,533,168,257 $890,814,755,534
2013 $9,743,124,247,267 $912,524,136,718
2012 $8,673,664,713,189 $917,869,913,333
2011 $7,671,757,207,851 $892,969,104,563
2010 $6,192,564,874,453 $755,094,157,622
2009 $5,189,577,094,998 $539,580,085,612
2008 $4,667,346,414,522 $510,228,634,992
2007 $3,604,055,822,572 $432,216,737,775
2006 $2,791,498,472,804 $364,570,515,618
2005 $2,317,551,298,052 $285,868,619,196
2004 $1,984,196,551,300 $256,836,875,295
2003 $1,683,903,309,844 $234,772,463,824
2002 $1,489,821,682,051 $195,660,611,165
2001 $1,355,036,590,252 $160,446,947,785
2000 $1,223,754,919,971 $165,021,012,078
1999 $1,103,843,203,576 $140,001,351,215
1998 $1,037,134,141,760 $95,445,547,873
1997 $967,753,570,435 $215,748,998,610
1996 $868,523,936,530 $227,369,679,375
1995 $738,190,896,228 $202,132,028,723
1994 $566,929,539,493 $176,892,143,932
1993 $446,557,291,212 $158,006,700,302
1992 $428,502,354,788 $128,026,966,580
1991 $384,510,452,962 $116,621,996,217
1990 $361,560,229,446 $106,140,727,334
1989 $348,380,566,802 $94,451,427,877
1988 $312,888,888,889 $84,300,174,486
1987 $273,455,156,951 $75,929,617,558
1986 $301,310,144,928 $79,954,072,545
1985 $310,064,625,850 $85,289,488,375
1984 $260,442,857,143 $84,853,700,028
1983 $231,130,268,199 $81,052,283,384
1982 $205,480,916,031 $90,158,449,295
1981 $196,218,253,968 $85,518,233,419
1980 $191,487,500,000 $72,482,337,397
1979 $178,573,913,043 $51,400,186,343
1978 $149,788,617,886 $51,455,719,076
1977 $175,226,595,860 $45,808,915,663
1976 $154,196,810,059 $37,269,156,627
1975 $163,687,619,736 $30,463,855,422
1974 $144,418,433,058 $25,802,409,639
1973 $138,764,340,892 $16,273,253,012
1972 $113,871,930,714 $10,997,590,361
1971 $99,959,013,880 $9,333,536,370
1970 $92,752,930,873 $9,150,684,932
1969 $79,847,786,729 $8,337,423,313
1968 $70,980,323,819 $7,076,465,300
1967 $73,011,350,596 $5,667,756,628
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/china/indonesia | CC BY

GDP per capita in China vs Indonesia by year

China
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,862 - $5,060 -
2024 $13,293 $27,105 $4,925 $16,448
2023 $12,951 $25,179 $4,876 $15,416
2022 $12,971 $23,032 $4,731 $14,285
2021 $12,887 $20,843 $4,287 $12,757
2020 $10,627 $18,267 $3,854 $11,729
2019 $10,343 $17,601 $4,107 $11,986
2018 $10,086 $16,298 $3,861 $11,372
2017 $8,980 $15,022 $3,799 $10,688
2016 $8,255 $14,157 $3,521 $10,263
2015 $8,175 $13,463 $3,288 $10,028
2014 $7,781 $12,942 $3,441 $10,065
2013 $7,147 $12,228 $3,567 $9,866
2012 $6,405 $11,420 $3,632 $9,530
2011 $5,704 $10,457 $3,579 $8,937
2010 $4,629 $9,411 $3,066 $8,353
2009 $3,898 $8,448 $2,218 $7,868
2008 $3,523 $7,713 $2,125 $7,569
2007 $2,735 $6,935 $1,823 $7,096
2006 $2,129 $5,946 $1,558 $6,583
2005 $1,778 $5,148 $1,238 $6,134
2004 $1,531 $4,505 $1,127 $5,700
2003 $1,307 $4,007 $1,043 $5,353
2002 $1,164 $3,591 $881 $5,076
2001 $1,065 $3,258 $732 $4,849
2000 $969 $2,964 $764 $4,639
1999 $881 $2,690 $657 $4,386
1998 $835 $2,483 $455 $4,356
1997 $787 $2,297 $1,045 $5,037
1996 $713 $2,088 $1,119 $4,807
1995 $613 $1,884 $1,011 $4,451
1994 $476 $1,680 $900 $4,096
1993 $379 $1,471 $817 $3,793
1992 $368 $1,276 $674 $3,538
1991 $334 $1,105 $624 $3,305
1990 $319 $991 $578 $3,044
1989 $311 - $524 -
1988 $284 - $477 -
1987 $252.3 - $438 -
1986 $282.4 - $470 -
1985 $295 - $511 -
1984 $251.2 - $520 -
1983 $225.9 - $508 -
1982 $203.7 - $578 -
1981 $197.4 - $561 -
1980 $195.1 - $487 -
1979 $184.3 - $353 -
1978 $156.7 - $362 -
1977 $185.7 - $331 -
1976 $165.7 - $275.7 -
1975 $178.6 - $231.1 -
1974 $160.4 - $200.7 -
1973 $157.3 - $129.9 -
1972 $132.1 - $90.1 -
1971 $118.8 - $78.5 -
1970 $113.3 - $79.1 -
1969 $100.3 - $74.1 -
1968 $91.6 - $64.7 -
1967 $96.8 - $53.2 -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/china/indonesia | CC BY

China's GDP per capita is $13,862, ranking 77/197, compared to $5,060 in Indonesia, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Indonesia ranks 107th at $16,448.

Economic indicators

China Indonesia
Gross domestic product
$19.5T
2025
$1.45T
2025
GDP rank
2/197
2025
17/197
2025
GDP growth
4.96%
2024-2025
5.11%
2024-2025
GDP per capita
$13,862
2025
$5,060
2025
GDP per capita rank
77/197
2025
123/197
2025
GDP per capita, PPP
$27,105
2024
$16,448
2024
GDP per capita PPP rank
77/197
2024
107/197
2024
Government debt
$19.3T
2025
$593B
2025
Debt-to-GDP ratio
99.2%
2025
41%
2025
Government debt per person
$13,756
2025
$2,076
2025
Government debt per person rank
47/185
2025
119/185
2025
Average annual personal income after taxes
$10,414
2026
$3,470
2026
Market capitalization of domestic companies
$15.5T
2025
$950B
2025
Number of millionaires
5,305,000
2026
178,605
2024
Number of billionaires
539
2026
33
2026
Income share by richest 10%
28.4%
2022
28.7%
2025
Income share by poorest 10%
3.1%
2022
3.5%
2025
Government expenditure, % of GDP
32.9%
2025
16.2%
2025
Consumer prices inflation
0%
2024-2025
1.91%
2024-2025
Central bank interest rate
3%
2025
5.5%
2026
Unemployment rate
4.57%
2022
3.31%
2023
Population
1403335670
289027659

Spending and national debt comparison by year

China
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
China Indonesia
Government spending Government debt Government spending Government debt
2025 32.9% 99.2% 16.2% 41%
2024 32.9% 90.4% 16.9% 40.2%
2023 32.7% 84.1% 16.6% 39.6%
2022 32.6% 77.3% 17.3% 40.1%
2021 31.9% 72.1% 18.1% 41.1%
2020 34.8% 70.1% 18.4% 39.7%
2019 33.6% 59.8% 16.4% 30.6%
2018 32.6% 55.9% 16.6% 30.4%
2017 32% 53.9% 16.4% 29.4%
2016 31.7% 50% 16.9% 28%
2015 31% 40.8% 17.6% 27%
2014 28.4% 39.3% 18.4% 24.6%
2013 28.1% 36.4% 18.8% 24.9%
2012 27.7% 33.8% 18.8% 23%
2011 26.6% 33.2% 17.7% 23.1%
2010 24.7% 33.3% 16.9% 26.4%
2009 25.2% 34% 17% 26.5%
2008 22.2% 26.7% 19.4% 30.3%
2007 17.9% 28.7% 18.7% 38.1%
2006 18.1% 25.2% 18.4% 35.8%
2005 18% 25.9% 17.4% 42.6%
2004 17.6% 26% 17.8% 51.3%
2003 18% 26.4% 18.2% 55.6%
2002 18.2% 25.6% 16.9% 62.3%
2001 17.2% 24.3% 19.5% 73.7%
2000 16.1% 22.7% 15.3% 87.4%
1999 14.9% 21.6% 15.1% 95.9%
1998 12.6% 20.4% 15.1% 72.5%
1997 11.5% 20.4% 15.2% 26.4%
1996 11% 21.2% 11.5% 27.5%
1995 11.1% 21.4% 11.9% 32%
1994 12.4% - 13.5% 37%
1993 13.4% - 14.1% 40.4%
1992 14.6% - 16.8% 42.6%
1991 16.5% - 15% 39.2%
1990 18.2% - 15.8% 40.8%
1989 18.6% - 16.5% 42.5%
1988 20.9% 4.46% 17.3% 45.6%
1987 23.4% 3.6% 18% 49.7%
1986 25.6% 3.24% 20.9% 38.3%
1985 25.8% 3.31% 18.5% 28%
1984 26.9% 0.97% 16.1% 23.5%
1983 28.3% - 18.2% 23.1%
1982 27.9% - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/china/indonesia | CC BY

In 2025, China's government spending was $6.41T, accounting for 32.9% of its GDP, while Indonesia spent $234B, or 16.2% of GDP.

Debt-to-GDP ratio is 99.2% in China and 41% in Indonesia, ranking 26/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
China

Indonesia
1x
Year Deficit/surplus, % of GDP
China Indonesia
2025 -7.87% -2.92%
2024 -7.11% -2.28%
2023 -6.71% -1.64%
2022 -7.32% -2.31%
2021 -5.9% -4.4%
2020 -9.56% -6.07%
2019 -6% -2.09%
2018 -4.2% -1.69%
2017 -3.34% -2.26%
2016 -3.33% -2.56%
2015 -2.5% -2.72%
2014 -0.67% -1.8%
2013 -0.82% -1.96%
2012 -0.3% -1.59%
2011 -0.1% -0.7%
2010 -0.36% -1.24%
2009 -1.72% -1.64%
2008 -0.02% 0.05%
2007 0.06% -0.95%
2006 -1.13% 0.45%
2005 -1.38% 0.46%
2004 -1.49% -0.26%
2003 -2.36% -1.08%
2002 -2.84% -0.58%
2001 -2.56% -1.76%
2000 -2.81% -1.87%
1999 -2.3% -0.96%
1998 -1.08% -1.89%
1997 -0.73% -1.03%
1996 -0.73% 0.96%
1995 -0.94% 0.64%
1994 -1.68% 0.005%
1993 -0.89% -0.59%
1992 -1.22% -1.54%
1991 -1.04% 0.51%
1990 -0.72% 0.97%
1989 -0.91% -1.72%
1988 -2.22% -2.68%
1987 -2.08% -0.9%
1986 -1.82% -2.94%
1985 -0.45% -0.45%
1984 -1.44% 1.83%
1983 -1.61% -1%
1982 -1.33% -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-07-08).

GeoRank.org/economy/china/indonesia | CC BY

In 2025, China's government deficit, the difference between spending and revenue, was $1.53T, equivalent to 7.87% of GDP. This compares to Indonesia's deficit of $42.2B, or 2.92% of GDP.

Over the past 44 years, China recorded a fiscal deficit in 43 of those years, while Indonesia ran a deficit in 35 years. On average, China posted an annual deficit equal to 2.4% of GDP, compared to deficit of 1.3% of GDP for Indonesia.

Inflation comparison by year

Inflation
China

Indonesia
1x
Year Consumer prices inflation
China Indonesia
2025 0% 1.91%
2024 0.2% 2.18%
2023 0.2% 3.67%
2022 2% 4.21%
2021 0.9% 1.56%
2020 2.5% 1.92%
2019 2.9% 3.03%
2018 2.1% 3.2%
2017 1.6% 3.81%
2016 2% 3.53%
2015 1.4% 6.36%
2014 2% 6.39%
2013 2.6% 6.41%
2012 2.6% 4.28%
2011 5.4% 5.36%
2010 3.3% 5.13%
2009 -0.7% 4.39%
2008 5.8% 10.2%
2007 4.8% 6.41%
2006 1.5% 13.1%
2005 1.8% 10.5%
2004 3.9% 6.06%
2003 1.2% 6.76%
2002 -0.8% 11.9%
2001 0.7% 11.5%
2000 0.4% 3.69%
1999 -1.4% 20.5%
1998 -0.8% 58.5%
1997 2.8% 6.23%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/china/indonesia | CC BY

Over the past 29 years, China has recorded an average annual inflation rate of 1.76%, compared with 8.02% in Indonesia. In 2025, inflation was 0% in China and 1.91% in Indonesia.

Top exports between countries

China
Export category Export value
Machinery & equipment $42.1B
Textiles & consumer goods $12.1B
Metals $10.1B
Chemicals & pharma $9.93B
Raw materials & minerals $5.54B
Processed food, beverages & tobacco $1.58B
Raw agricultural goods $1.5B
Miscellaneous $1.13B
Wood & paper products $1B
Animal & marine products $268M
Indonesia
Export category Export value
Metals $28.4B
Raw materials & minerals $17.8B
Processed food, beverages & tobacco $8.16B
Chemicals & pharma $4.73B
Wood & paper products $3.48B
Animal & marine products $1.38B
Textiles & consumer goods $1.07B
Raw agricultural goods $1.03B
Machinery & equipment $881M
Precious metals & jewellery $46.8M

Balance of trade

China Indonesia
Current account balance
$735B
2025
-$1.52B
2025
Current account balance ranking
1/190
2025
129/190
2025
Current account balance, % of GDP
+3.77%
2025
-0.11%
2025
Goods imports
$2.69T
2025
$231B
2025
Goods exports
$3.75T
2025
$280B
2025
Service imports
$623B
2025
$63B
2025
Service exports
$385B
2025
$42.5B
2025
Imports of goods and services, % of GDP
16.9%
2025
20.5%
2025
Exports of goods and services, % of GDP
21.1%
2025
22.8%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

China Indonesia
Economic freedom 48.3 65.1
Economic freedom ranking 170/197 67/197
Property rights 40.9 39.7
Government integrity 42.3 42
Judicial effectiveness 38.6 43.1
Tax burden 69.3 81.5
Government spending 67.8 91.4
Fiscal health 4.4 89.8
Business freedom 68.7 69.2
Labor freedom 57.9 56.8
Monetary freedom 76.1 79.4
Trade freedom 73.4 78.6
Investment freedom 20 50
Financial freedom 20 60

Economic freedom comparison by year

China
Indonesia
1x
Year Economic freedom index
China Indonesia
2026 48.3 65.1
2025 49 65.2
2024 48.5 63.5
2023 48.3 63.5
2022 48 64.4
2021 58.4 66.9
2020 59.5 67.2
2019 58.4 65.8
2018 57.8 64.2
2017 57.4 61.9
2016 52 59.4
2015 52.7 58.1
2014 52.5 58.5
2013 51.9 56.9
2012 51.2 56.4
2011 52 56
2010 51 55.5
2009 53.2 53.4
2008 53.1 53.2
2007 52 53.2
2006 53.6 51.9
2005 53.7 52.9
2004 52.5 52.1
2003 52.6 55.8
2002 52.8 54.8
2001 52.6 52.5
2000 56.4 55.2
1999 54.8 61.5
1998 53.1 63.4
1997 51.7 62
1996 51.3 61
1995 52 54.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/china/indonesia | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Indonesia
Services, % of GDP
57.7%
2025
43.9%
2025
Industry, % of GDP
35.6%
2025
38.7%
2025
Agriculture, forestry, and fishing, % of GDP
6.66%
2025
13.1%
2025
GNI, Atlas method
$20T
2025
$1.46T
2025
GNI per capita, PPP
$29,160
2025
$17,190
2025
Total reserves including gold
$3.75T
2025
$157B
2025
Total reserves ranking
1/177
2025
22/177
2025
Net foreign direct investment
$77.2B
2025
-$14.4B
2025
Net inflows of foreign direct investment
$42.6B
2024
$24.3B
2024
Net outflows of foreign direct investment
$192B
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
5.64%
2024
Poverty at national poverty lines
0%
2020
9%
2024
Gross capital formation, % of GDP
40.5%
2024
30.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/china/indonesia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.