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Indonesia economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Indonesia ranked 16/197 by economy size with a GDP of $1.4T and 121/197 by GDP per capita at $4,925. Indonesia has $561B in government debt, with a debt-to-GDP ratio of 40.2%.

In 2024, Indonesia made up 1.26% of the world's economy, compared to 0.25% in 1967.

Indonesia GDP & GDP growth by year

GDP, current $
Inflation-adjusted growth
1x
Year GDP GDP growth
2024 $1,396,300,098,191 5.03%
2023 $1,371,169,301,564 5.05%
2022 $1,319,101,183,380 5.31%
2021 $1,186,509,691,087 3.7%
2020 $1,059,054,842,698 -2.07%
2019 $1,119,099,871,350 5.02%
2018 $1,042,271,532,989 5.17%
2017 $1,015,618,744,160 5.07%
2016 $931,877,364,038 5.03%
2015 $860,854,232,686 4.88%
2014 $890,814,755,534 5.01%
2013 $912,524,136,718 5.56%
2012 $917,869,913,333 6.03%
2011 $892,969,104,563 6.17%
2010 $755,094,157,622 6.22%
2009 $539,580,085,612 4.63%
2008 $510,228,634,992 6.01%
2007 $432,216,737,775 6.35%
2006 $364,570,515,618 5.5%
2005 $285,868,619,196 5.69%
2004 $256,836,875,295 5.03%
2003 $234,772,463,824 4.78%
2002 $195,660,611,165 4.5%
2001 $160,446,947,785 3.64%
2000 $165,021,012,078 4.92%
1999 $140,001,351,215 0.79%
1998 $95,445,547,873 -13.1%
1997 $215,748,998,610 4.7%
1996 $227,369,679,375 7.82%
1995 $202,132,028,723 8.22%
1994 $176,892,143,932 7.54%
1993 $158,006,700,302 6.5%
1992 $128,026,966,580 6.5%
1991 $116,621,996,217 6.91%
1990 $106,140,727,334 7.24%
1989 $94,451,427,877 7.46%
1988 $84,300,174,486 5.78%
1987 $75,929,617,558 4.93%
1986 $79,954,072,545 5.88%
1985 $85,289,488,375 2.46%
1984 $84,853,700,028 6.98%
1983 $81,052,283,384 4.19%
1982 $90,158,449,295 2.25%
1981 $85,518,233,419 7.93%
1980 $72,482,337,397 9.88%
1979 $51,400,186,343 7.32%
1978 $51,455,719,076 6.77%
1977 $45,808,915,663 8.76%
1976 $37,269,156,627 6.89%
1975 $30,463,855,422 4.98%
1974 $25,802,409,639 7.63%
1973 $16,273,253,012 8.1%
1972 $10,997,590,361 7.04%
1971 $9,333,536,370 7.02%
1970 $9,150,684,932 7.55%
1969 $8,337,423,313 6.82%
1968 $7,076,465,300 10.9%
1967 $5,667,756,628 1.38%
1966 - 2.79%
1965 - 1.08%
1964 - 3.53%
1963 - -2.24%
1962 - 1.84%
1961 - 5.74%

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

GeoRank.org/economy/indonesia | CC BY

Indonesia GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $4,925 $16,448
2023 $4,876 $15,416
2022 $4,731 $14,285
2021 $4,287 $12,757
2020 $3,854 $11,729
2019 $4,107 $11,986
2018 $3,861 $11,372
2017 $3,799 $10,688
2016 $3,521 $10,263
2015 $3,288 $10,028
2014 $3,441 $10,065
2013 $3,567 $9,866
2012 $3,632 $9,530
2011 $3,579 $8,937
2010 $3,066 $8,353
2009 $2,218 $7,868
2008 $2,125 $7,569
2007 $1,823 $7,096
2006 $1,558 $6,583
2005 $1,238 $6,134
2004 $1,127 $5,700
2003 $1,043 $5,353
2002 $881 $5,076
2001 $732 $4,849
2000 $764 $4,639
1999 $657 $4,386
1998 $455 $4,356
1997 $1,045 $5,037
1996 $1,119 $4,807
1995 $1,011 $4,451
1994 $900 $4,096
1993 $817 $3,793
1992 $674 $3,538
1991 $624 $3,305
1990 $578 $3,044
1989 $524 -
1988 $477 -
1987 $438 -
1986 $470 -
1985 $511 -
1984 $520 -
1983 $508 -
1982 $578 -
1981 $561 -
1980 $487 -
1979 $353 -
1978 $362 -
1977 $331 -
1976 $275.7 -
1975 $231.1 -
1974 $200.7 -
1973 $129.9 -
1972 $90.1 -
1971 $78.5 -
1970 $79.1 -
1969 $74.1 -
1968 $64.7 -
1967 $53.2 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

GeoRank.org/economy/indonesia | CC BY

Indonesia has a GDP per capita of $4,925, ranking 121/197, a GDP per capita based on purchasing power parity (PPP) of $16,448, ranking 107/197, and a median annual after tax income of $3,371, ranking 135/197.

Indonesia GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 16 113 99
2023 16 116 104
2022 16 115 106
2021 16 117 106
2020 16 119 107
2019 16 122 111
2018 16 125 111
2017 16 123 112
2016 16 125 113
2015 17 127 111
2014 18 128 112
2013 17 126 110
2012 16 122 111
2011 17 122 112
2010 18 121 112
2009 19 129 113
2008 23 131 114
2007 21 130 112
2006 23 131 111
2005 27 130 108
2004 25 131 107
2003 23 125 107
2002 25 133 108
2001 28 137 107
2000 27 134 108
1999 29 139 107
1998 37 156 105
1997 23 119 97
1996 24 116 96
1995 24 115 97
1994 23 115 99
1993 24 120 101
1992 28 130 104
1991 30 136 106
1990 31 140 106
1989 29 127 -
1988 30 132 -
1987 29 131 -
1986 24 121 -
1985 22 118 -
1984 22 120 -
1983 24 119 -
1982 21 117 -
1981 22 120 -
1980 23 124 -
1979 28 122 -
1978 26 117 -
1977 24 118 -
1976 25 115 -
1975 26 121 -
1974 27 120 -
1973 29 128 -
1972 31 132 -
1971 31 133 -
1970 31 133 -
1969 32 115 -
1968 32 117 -
1967 36 117 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

GeoRank.org/economy/indonesia | CC BY

Compared with 2000, in 2024 Indonesia is ranked 16th out of 182 by GDP (up from 27th), 113th by GDP per capita (up from 134th), and 99th by GDP per capita PPP (up from 108th).

Economic indicators

Indonesia Rank
Gross domestic product
$1.4T
2024
16/197
GDP growth
5.03%
2023-2024
36/194
GDP per capita
$4,925
2024
121/197
GDP per capita, PPP
$16,448
2024
107/197
Government debt
$561B
2024
17/185
Debt-to-GDP ratio
40.2%
2024
132/185
Government debt per person
$1,978
2024
120/185
Average annual personal income after taxes
$3,371
2026
135/197
Listed domestic companies
903
2023
10/103
Market capitalization of domestic companies
$758B
2023
16/100
Number of millionaires
178,605
2025
27/35
Millionaire frequency
1 in 1,066
2025
35/35
Number of billionaires
33
2025
19/78
Billionaire frequency
1 in 5,770,279
2025
61/78
Income share by richest 10%
28.8%
2024
74/169
Income share by poorest 10%
3.5%
2024
36/169
Government expenditure, % of GDP
16.8%
2024
174/195
Consumer prices inflation
2.18%
2023-2024
134/195
Central bank interest rate
4.75%
2025
62/106
Unemployment rate
3.31%
2023
145/196
Population
288551776
4/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 16.8% 40.2% -2.3%
2023 16.6% 39.6% -1.64%
2022 17.3% 40.1% -2.31%
2021 18.1% 41.1% -4.4%
2020 18.4% 39.7% -6.07%
2019 16.4% 30.6% -2.09%
2018 16.6% 30.4% -1.69%
2017 16.4% 29.4% -2.26%
2016 16.9% 28% -2.56%
2015 17.6% 27% -2.72%
2014 18.4% 24.6% -1.8%
2013 18.8% 24.9% -1.96%
2012 18.8% 23% -1.59%
2011 17.7% 23.1% -0.7%
2010 16.9% 26.4% -1.24%
2009 17% 26.5% -1.64%
2008 19.4% 30.3% 0.05%
2007 18.7% 38.1% -0.95%
2006 18.4% 35.8% 0.45%
2005 17.4% 42.6% 0.46%
2004 17.8% 51.3% -0.26%
2003 18.2% 55.6% -1.08%
2002 16.9% 62.3% -0.58%
2001 19.5% 73.7% -1.76%
2000 15.3% 87.4% -1.87%
1999 15.1% 95.9% -0.96%
1998 15.1% 72.5% -1.89%
1997 15.2% 26.4% -1.03%
1996 11.5% 27.5% 0.96%
1995 11.9% 32% 0.64%
1994 13.5% 37% 0.005%
1993 14.1% 40.4% -0.59%
1992 16.8% 42.6% -2.95%
1991 15% 39.2% -0.87%
1990 15.8% 40.8% -0.55%
1989 16.5% 42.5% -1.72%
1988 17.3% 45.6% -2.68%
1987 18% 49.7% -0.9%
1986 20.9% 38.3% -2.94%
1985 18.5% 28% -0.45%
1984 16.1% 23.5% 1.83%
1983 18.2% 23.1% -1%
1982 18.8% 18.6% -1.11%
1981 24.4% 16.4% -0.69%
1980 22.1% 17.3% -0.82%
1979 20.9% 22% -0.67%
1978 20.1% 30.3% -2.03%
1977 19.5% 27.7% -0.38%
1976 21.8% 38.1% -2.63%
1975 20.5% 36.7% -2.33%
1974 17.3% 34.4% -0.35%
1973 16.3% 43.1% -1.33%
1972 15.7% 51.2% -1.82%
1971 14.5% 50.5% -2.51%
1970 13.8% 46.7% -3.02%
1969 12.8% - -2.8%
1968 8.82% - 0%
1967 10.4% - -0.35%
1966 9.18% - -5.06%
1965 10.7% - -6.62%
1964 9.55% - -5.58%
1963 10.3% - -5.24%
1962 7.89% - -3.1%
1961 15.1% - -4.57%
1960 14.4% - -1.65%
1959 13.8% - -4.06%
1958 19.4% - -6.67%
1957 15.2% - -2.92%
1956 13.8% - -1.38%
1955 12.8% - -1.6%
1954 15.8% - -3.16%
1953 18.6% - -2.33%
1952 18.3% - -3.66%
1951 16.7% - 1.52%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/indonesia | CC BY

This chart shows Indonesia's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, Indonesia recorded a fiscal deficit in 43 of them, with an average annual deficit equal to 1.37% of GDP. In 2024, government spending reached $235B (16.8% of GDP), with a deficit of 2.3%.

The national debt reached $561B, ranking 17th out of 185 countries by total size, with a debt-to-GDP ratio of 40.2%, ranking 132nd.

Inflation rate by year

1x
Year Inflation
2024 2.18%
2023 3.67%
2022 4.21%
2021 1.56%
2020 1.92%
2019 3.03%
2018 3.2%
2017 3.81%
2016 3.53%
2015 6.36%
2014 6.39%
2013 6.41%
2012 4.28%
2011 5.36%
2010 5.13%
2009 4.39%
2008 10.2%
2007 6.41%
2006 13.1%
2005 10.5%
2004 6.06%
2003 6.76%
2002 11.9%
2001 11.5%
2000 3.69%
1999 20.5%
1998 58.5%
1997 6.23%
1996 7.97%
1995 9.42%
1994 8.53%
1993 9.67%
1992 7.52%
1991 9.42%
1990 7.82%
1989 6.42%
1988 8.05%
1987 9.28%
1986 5.82%
1985 4.72%
1984 10.5%
1983 11.8%
1982 9.45%
1981 12.3%
1980 18%
1979 16.2%
1978 8.11%
1977 11.1%
1976 19.8%
1975 19.2%
1974 40.5%
1973 31%
1972 6.52%
1971 4.23%
1970 12.4%
1969 15.5%
1968 128.8%
1967 106%
1966 1,136%
1965 307%
1964 109%
1963 145.9%
1962 131.4%
1961 13.7%
1960 39.6%

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/indonesia | CC BY

Over the past 20 years, Indonesia has had an average annual inflation rate of 5.28%. In 2024, inflation was 2.18%. The bar chart above shows consumer price inflation by year.

Balance of trade

Indonesia Rank
Current account balance
-$8.72B
2024
174/190
Current account balance, % of GDP
-0.62%
2024
83/190
Goods imports
$223B
2024
25/189
Goods exports
$263B
2024
26/189
Service imports
$57.6B
2024
30/189
Service exports
$39B
2024
39/189
Imports of goods and services, % of GDP
20.4%
2024
164/181
Exports of goods and services, % of GDP
22.2%
2024
140/193

Indonesia top 10 trading partners

Indonesia's biggest trading partner accounting for 28.1% of all exports and imports is China, with a trade balance between the two of -$10.3B: Indonesia exports $62.4B worth of goods and services to China and imports $72.7B.

Below is the list of the top 10 trade partners of Indonesia.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $135B 28.1% $62.4B $72.7B Metals Machinery & equipment
2 United States $38.4B 7.96% $26.4B $12B Textiles & consumer goods Raw materials & minerals
3 Japan $35.7B 7.41% $20.7B $15B Raw materials & minerals Machinery & equipment
4 Singapore $33.7B 7% $12.2B $21.5B Raw materials & minerals Raw materials & minerals
5 India $26B 5.4% $20.3B $5.66B Raw materials & minerals Machinery & equipment
6 Malaysia $22.9B 4.76% $12B $10.9B Raw materials & minerals Raw materials & minerals
7 South Korea $20.1B 4.17% $10.8B $9.34B Raw materials & minerals Machinery & equipment
8 Thailand $17.4B 3.61% $7.7B $9.71B Raw materials & minerals Machinery & equipment
9 Vietnam $15.9B 3.31% $9.47B $6.45B Raw materials & minerals Machinery & equipment
10 Australia $15.4B 3.2% $4.96B $10.4B Metals Raw materials & minerals

Top 10 exports

Indonesia Rank
Raw materials & minerals $73.1B 18/193
Metals $43.8B 8/192
Processed food, beverages & tobacco $39.5B 9/192
Machinery & equipment $35.1B 33/193
Textiles & consumer goods $24.6B 16/193
Transport & tourism services $18.5B 33/188
Chemicals & pharma $16.5B 30/193
Wood & paper products $12.1B 12/192
Precious metals & jewellery $9.53B 22/190
Business & finance services $6.96B 40/188

Top 10 imports

Indonesia Rank
Machinery & equipment $76.7B 28/193
Raw materials & minerals $53.4B 19/193
Chemicals & pharma $27.2B 28/193
Transport & tourism services $24.8B 31/188
Metals $20.4B 23/193
Business & finance services $15.1B 31/188
Textiles & consumer goods $15B 25/193
Processed food, beverages & tobacco $12.6B 18/193
Raw agricultural goods $12.5B 15/193
IT & IP services $7.78B 25/182

Economic freedom indices

Indonesia Rank
Economic freedom 65.1 67/197
Property rights 39.7 126/182
Government integrity 42 88/182
Judicial effectiveness 43.1 97/182
Tax burden 81.5 75/182
Government spending 91.4 18/180
Fiscal health 89.8 50/181
Business freedom 69.2 72/182
Labor freedom 56.8 82/182
Monetary freedom 79.4 23/180
Trade freedom 78.6 57/181
Investment freedom 50 111/181
Financial freedom 60 48/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 65.1 43.1 81.5 91.4 89.8
2025 65.2 45.3 81.8 90.9 84.9
2024 63.5 44.5 81.7 90.2 66.8
2023 63.5 39.3 81.9 90.6 66.8
2022 64.4 43.2 85.3 91.2 80.1
2021 66.9 48.9 83.7 91.8 90.7
2020 67.2 56.2 83.4 91.7 90.2
2019 65.8 53.5 83.7 91.4 88.1
2018 64.2 45.2 83.7 90.7 89.4
2017 61.9 39.3 83.6 89.9 90.1
2016 59.4 - 83.4 89 -
2015 58.1 - 83.3 88.3 -
2014 58.5 - 83.4 89.8 -
2013 56.9 - 83.4 89.2 -
2012 56.4 - 83.5 91.6 -
2011 56 - 83 88.9 -
2010 55.5 - 81.9 89.1 -
2009 53.4 - 77.5 88 -
2008 53.2 - 77.5 89.7 -
2007 53.2 - 77.5 89.1 -
2006 51.9 - 77.3 86 -
2005 52.9 - 77.5 90 -
2004 52.1 - 77.5 84.4 -
2003 55.8 - 77.5 91.1 -
2002 54.8 - 79.4 86.8 -
2001 52.5 - 80.4 86.8 -
2000 55.2 - 79.7 76.5 -
1999 61.5 - 80 95.4 -
1998 63.4 - 80.1 94.3 -
1997 62 - 79.9 90.3 -
1996 61 - 80 90 -
1995 54.9 - 73.1 89.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/indonesia | CC BY

Indonesia is ranked 61/174 for economic freedom with a score of 65.1, compared to 132/162 and a score of 51.9 in 2006.

Other economic metrics

Indonesia Rank
Services, % of GDP
43.8%
2024
163/191
Industry, % of GDP
39.3%
2024
18/194
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
59/193
GNI, Atlas method
$1.39T
2024
16/194
GNI per capita, PPP
$16,010
2024
103/191
Total reserves including gold
$156B
2024
20/177
Net foreign direct investment
-$15.9B
2024
183/189
Net inflows of foreign direct investment
$24.2B
2024
18/193
Net outflows of foreign direct investment
$8.39B
2024
30/193
Servicing debt to the IMF, % of GNI
5.65%
2024
42/121
Poverty at national poverty lines
9%
2024
155/176
Gross capital formation, % of GDP
31.4%
2024
24/178

Compare Indonesia vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/indonesia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.