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Economy of Indonesia vs Iran compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $475B for Iran, ranking 16/197 and 34/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $162B (34% of GDP) in Iran.

Indonesia vs Iran GDP by year

Indonesia
Iran
1x
Year GDP, current $
Indonesia Iran
2024 $1,396,300,098,191 $475,252,089,215
2023 $1,371,169,301,564 $457,510,482,317
2022 $1,319,101,183,380 $422,662,261,526
2021 $1,186,509,691,087 $407,350,685,583
2020 $1,059,054,842,698 $280,934,329,280
2019 $1,119,099,871,350 $347,988,400,958
2018 $1,042,271,532,989 $411,903,303,606
2017 $1,015,618,744,160 $510,239,893,418
2016 $931,877,364,038 $478,618,064,871
2015 $860,854,232,686 $409,191,686,497
2014 $890,814,755,534 $462,284,793,281
2013 $912,524,136,718 $500,399,839,840
2012 $917,869,913,333 $644,019,315,004
2011 $892,969,104,563 $629,082,257,472
2010 $755,094,157,622 $487,069,570,464
2009 $539,580,085,612 $414,059,094,949
2008 $510,228,634,992 $406,070,949,554
2007 $432,216,737,775 $349,736,591,832
2006 $364,570,515,618 $265,602,187,404
2005 $285,868,619,196 $224,970,371,325
2004 $256,836,875,295 $187,754,571,248
2003 $234,772,463,824 $151,911,222,119
2002 $195,660,611,165 $128,626,917,504
2001 $160,446,947,785 $126,878,750,296
2000 $165,021,012,078 $109,591,707,802
1999 $140,001,351,215 $113,848,450,088
1998 $95,445,547,873 $110,276,913,363
1997 $215,748,998,610 $113,919,163,421
1996 $227,369,679,375 $120,403,931,885
1995 $202,132,028,723 $96,419,225,744
1994 $176,892,143,932 $71,841,461,173
1993 $158,006,700,302 $63,743,623,232
1992 $128,026,966,580 $119,768,691,217
1991 $116,621,996,217 $131,637,664,958
1990 $106,140,727,334 $124,813,263,926
1989 $94,451,427,877 $120,496,362,916
1988 $84,300,174,486 $123,057,861,334
1987 $75,929,617,558 $134,009,995,923
1986 $79,954,072,545 $209,094,561,833
1985 $85,289,488,375 $180,183,629,600
1984 $84,853,700,028 $162,276,728,620
1983 $81,052,283,384 $156,365,156,618
1982 $90,158,449,295 $125,948,756,439
1981 $85,518,233,419 $100,499,312,750
1980 $72,482,337,397 $94,362,275,580
1979 $51,400,186,343 $90,391,877,326
1978 $51,455,719,076 $77,994,316,621
1977 $45,808,915,663 $80,600,122,702
1976 $37,269,156,627 $68,055,295,081
1975 $30,463,855,422 $51,776,222,350
1974 $25,802,409,639 $46,209,092,072
1973 $16,273,253,012 $27,081,698,250
1972 $10,997,590,361 $17,153,463,263
1971 $9,333,536,370 $13,731,802,833
1970 $9,150,684,932 $10,976,245,154
1969 $8,337,423,313 $9,743,089,607
1968 $7,076,465,300 $8,623,172,960
1967 $5,667,756,628 $7,555,383,690
1966 - $6,789,938,672
1965 - $6,197,319,929
1964 - $5,379,845,648
1963 - $4,928,628,018
1962 - $4,693,566,416
1961 - $4,426,949,095
1960 - $4,199,134,390

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

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

GDP per capita in Indonesia vs Iran by year

Indonesia
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $5,190 $19,874
2023 $4,876 $15,416 $5,049 $18,917
2022 $4,731 $14,285 $4,721 $17,546
2021 $4,287 $12,757 $4,605 $15,884
2020 $3,854 $11,729 $3,203 $15,119
2019 $4,107 $11,986 $3,997 $13,928
2018 $3,861 $11,372 $4,783 $15,324
2017 $3,799 $10,688 $6,001 $15,719
2016 $3,521 $10,263 $5,711 $15,195
2015 $3,288 $10,028 $4,953 $14,274
2014 $3,441 $10,065 $5,672 $16,065
2013 $3,567 $9,866 $6,223 $16,215
2012 $3,632 $9,530 $8,114 $17,021
2011 $3,579 $8,937 $8,026 $19,275
2010 $3,066 $8,353 $6,291 $18,628
2009 $2,218 $7,868 $5,416 $17,615
2008 $2,125 $7,569 $5,377 $17,549
2007 $1,823 $7,096 $4,688 $17,384
2006 $1,558 $6,583 $3,619 $15,907
2005 $1,238 $6,134 $3,132 $15,016
2004 $1,127 $5,700 $2,672 $14,425
2003 $1,043 $5,353 $2,209 $13,755
2002 $881 $5,076 $1,891 $12,554
2001 $732 $4,849 $1,881 $11,533
2000 $764 $4,639 $1,650 $11,187
1999 $657 $4,386 $1,740 $10,489
1998 $455 $4,356 $1,709 $10,285
1997 $1,045 $5,037 $1,790 $10,101
1996 $1,119 $4,807 $1,915 $9,916
1995 $1,011 $4,451 $1,550 $9,255
1994 $900 $4,096 $1,168 $8,951
1993 $817 $3,793 $1,038 $8,933
1992 $674 $3,538 $1,957 $8,888
1991 $624 $3,305 $2,194 $8,580
1990 $578 $3,044 $2,138 $7,566
1989 $524 - $2,125 -
1988 $477 - $2,234 -
1987 $438 - $2,513 -
1986 $470 - $4,064 -
1985 $511 - $3,634 -
1984 $520 - $3,395 -
1983 $508 - $3,397 -
1982 $578 - $2,845 -
1981 $561 - $2,393 -
1980 $487 - $2,368 -
1979 $353 - $2,352 -
1978 $362 - $2,101 -
1977 $331 - $2,243 -
1976 $275.7 - $1,954 -
1975 $231.1 - $1,532 -
1974 $200.7 - $1,409 -
1973 $129.9 - $851 -
1972 $90.1 - $555 -
1971 $78.5 - $457 -
1970 $79.1 - $377 -
1969 $74.1 - $345 -
1968 $64.7 - $314 -
1967 $53.2 - $283.7 -
1966 - - $262.9 -
1965 - - $247.5 -
1964 - - $221.7 -
1963 - - $209.6 -
1962 - - $205.8 -
1961 - - $200.1 -
1960 - - $195.6 -

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

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $5,190 in Iran, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Iran ranks 97th at $19,874.

Economic indicators

Indonesia Iran
Gross domestic product
$1.4T
2024
$475B
2024
GDP rank
16/197
2024
34/197
2024
GDP growth
5.03%
2023-2024
3.66%
2023-2024
GDP per capita
$4,925
2024
$5,190
2024
GDP per capita rank
121/197
2024
119/197
2024
GDP per capita, PPP
$16,448
2024
$19,874
2024
GDP per capita PPP rank
107/197
2024
97/197
2024
Government debt
$561B
2024
$162B
2024
Debt-to-GDP ratio
40.2%
2024
34%
2024
Government debt per person
$1,978
2024
$1,764
2024
Government debt per person rank
120/185
2024
122/185
2024
Average annual personal income after taxes
$3,371
2026
$2,964
2026
Market capitalization of domestic companies
$758B
2023
$172B
2024
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
28.2%
2023
Income share by poorest 10%
3.5%
2024
2.8%
2023
Government expenditure, % of GDP
16.8%
2024
14.2%
2024
Consumer prices inflation
2.18%
2023-2024
32.5%
2023-2024
Central bank interest rate
4.75%
2025
23%
2023
Unemployment rate
3.31%
2023
7.63%
2024
Population
288551776
93468444

Spending and national debt comparison by year

Indonesia
Spending

Debt
Iran
Spending

Debt
1x
Year % of GDP
Indonesia Iran
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 14.2% 34%
2023 16.6% 39.6% 12.8% 29.6%
2022 17.3% 40.1% 12.8% 34.5%
2021 18.1% 41.1% 13.4% 39.9%
2020 18.4% 39.7% 12.1% 47.1%
2019 16.4% 30.6% 13.6% 44.6%
2018 16.6% 30.4% 14.8% 41.6%
2017 16.4% 29.4% 16.4% 43.2%
2016 16.9% 28% 16.3% 45.9%
2015 17.6% 27% 14.1% 32.1%
2014 18.4% 24.6% 12.3% 10.9%
2013 18.8% 24.9% 11.5% 10.2%
2012 18.8% 23% 11.4% 11.7%
2011 17.7% 23.1% 14.6% 10.6%
2010 16.9% 26.4% 14.1% 12.8%
2009 17% 26.5% 15.7% 11.5%
2008 19.4% 30.3% 16.8% 10.6%
2007 18.7% 38.1% 14.2% 13.5%
2006 18.4% 35.8% 18.7% 15.2%
2005 17.4% 42.6% 17.9% 18.3%
2004 17.8% 51.3% 15.1% 21.1%
2003 18.2% 55.6% 15.7% 21.9%
2002 16.9% 62.3% 15.6% 23.4%
2001 19.5% 73.7% 13.6% 21%
2000 15.3% 87.4% 13.3% 18.2%
1999 15.1% 95.9% 15.7% 22.2%
1998 15.1% 72.5% 16.9% 29.6%
1997 15.2% 26.4% 17.4% 30.9%
1996 11.5% 27.5% 17.3% 29.3%
1995 11.9% 32% 21% 31.2%
1994 13.5% 37% 23% 41.7%
1993 14.1% 40.4% 27.2% 25.6%
1992 16.8% 42.6% 14.4% 25.2%
1991 15% 39.2% 14% 29.3%
1990 15.8% 40.8% 16.4% 37%
1989 16.5% 42.5% 20% 48.8%
1988 17.3% 45.6% 23.6% 53.2%
1987 18% 49.7% 18.6% 48.6%
1986 20.9% 38.3% 19% 47.4%
1985 18.5% 28% 21.6% 8.73%
1984 16.1% 23.5% 23.7% 10%
1983 18.2% 23.1% 27.5% 35.7%
1982 18.8% 18.6% 29.7% 47.7%
1981 24.4% 16.4% 33.7% 47.6%
1980 22.1% 17.3% 35.8% 35.5%
1979 20.9% 22% - -
1978 20.1% 30.3% - -
1977 19.5% 27.7% - 9.23%
1976 21.8% 38.1% - 6.92%
1975 20.5% 36.7% - 8.81%
1974 17.3% 34.4% - 6.68%
1973 16.3% 43.1% - 12.8%
1972 15.7% 51.2% - 12.7%
1971 14.5% 50.5% - 14.2%
1970 13.8% 46.7% - 14.1%
1969 12.8% - - -
1968 8.82% - 23.6% -
1967 10.4% - 22.3% -
1966 9.18% - 20.5% -
1965 10.7% - 16.3% 14.9%
1964 9.55% - 15.4% 15.2%
1963 10.3% - 14.8% 12.4%
1962 7.89% - 15.6% 13.4%
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Iran spent $67.5B, or 14.2% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 34% in Iran, ranking 132/185 and 147/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Iran
1x
Year Deficit/surplus, % of GDP
Indonesia Iran
2024 -2.3% -3.83%
2023 -1.64% -2.54%
2022 -2.31% -2.64%
2021 -4.4% -3.01%
2020 -6.07% -4.87%
2019 -2.09% -4.3%
2018 -1.69% -1.59%
2017 -2.26% -1.55%
2016 -2.56% -1.7%
2015 -2.72% -1.3%
2014 -1.8% -0.91%
2013 -1.96% -0.72%
2012 -1.59% -0.5%
2011 -0.7% -0.66%
2010 -1.24% -0.84%
2009 -1.64% -3.3%
2008 0.05% -4.39%
2007 -0.95% -2.41%
2006 0.45% -4.91%
2005 0.46% -2.44%
2004 -0.26% -2.45%
2003 -1.08% -2.76%
2002 -0.58% -2.88%
2001 -1.76% 0.02%
2000 -1.87% 5.42%
1999 -0.96% -0.51%
1998 -1.89% -5.03%
1997 -1.03% -1.81%
1996 0.96% -0.75%
1995 0.64% -2.63%
1994 0.005% -3.36%
1993 -0.59% -5.15%
1992 -2.95% -0.86%
1991 -0.87% -1.64%
1990 -0.55% -1.73%
1989 -1.72% -4.45%
1988 -2.68% -10.3%
1987 -0.9% -6.84%
1986 -2.94% -7.84%
1985 -0.45% -3.74%
1984 1.83% -4.02%
1983 -1% -6.15%
1982 -1.11% -5.55%
1981 -0.69% -10.7%
1980 -0.82% -14.2%
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% -4.57%
1967 -0.35% -4%
1966 -5.06% -2.63%
1965 -6.62% -1.23%
1964 -5.58% -0.04%
1963 -5.24% 0.26%
1962 -3.1% -1.39%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

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

In 2024, Indonesia's government deficit, the difference between spending and revenue, was $32.1B, equivalent to 2.3% of GDP. This compares to Iran's deficit of $18.2B, or 3.83% of GDP.

Over the past 58 years, Indonesia recorded a fiscal deficit in 50 of those years, while Iran ran a deficit in 45 years. On average, Indonesia posted an annual deficit equal to 1.39% of GDP, compared to deficit of 3.34% of GDP for Iran.

Inflation comparison by year

Inflation
Indonesia

Iran
1x
Year Consumer prices inflation
Indonesia Iran
2024 2.18% 32.5%
2023 3.67% 44.6%
2022 4.21% 43.5%
2021 1.56% 43.4%
2020 1.92% 30.6%
2019 3.03% 39.9%
2018 3.2% 18%
2017 3.81% 8.04%
2016 3.53% 7.25%
2015 6.36% 12.5%
2014 6.39% 16.6%
2013 6.41% 36.6%
2012 4.28% 27.3%
2011 5.36% 26.3%
2010 5.13% 10.1%
2009 4.39% 13.6%
2008 10.2% 25.4%
2007 6.41% 17.3%
2006 13.1% 10%
2005 10.5% 13.4%
2004 6.06% 14.8%
2003 6.76% 16.5%
2002 11.9% 14.3%
2001 11.5% 11.3%
2000 3.69% 14.5%
1999 20.5% 20.1%
1998 58.5% 17.9%
1997 6.23% 17.3%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 21.6% in Iran. In 2024, inflation was 2.18% in Indonesia and 32.5% in Iran.

Top exports between countries

Indonesia
Export category Export value
Raw agricultural goods $68.6M
Machinery & equipment $39.3M
Chemicals & pharma $38.3M
Processed food, beverages & tobacco $35.9M
Wood & paper products $16.7M
Textiles & consumer goods $5.15M
Metals $4.14M
Raw materials & minerals $1.87M
Animal & marine products $1.71M
Miscellaneous $283K
Iran
Export category Export value
Metals $655M
Raw materials & minerals $47M
Raw agricultural goods $3.35M
Chemicals & pharma $449K
Machinery & equipment $446K
Textiles & consumer goods $204K
Wood & paper products $123K
Animal & marine products $119K
Processed food, beverages & tobacco $31K
Precious metals & jewellery $20K

Balance of trade

Indonesia Iran
Current account balance
-$8.72B
2024
$12.5B
2000
Current account balance ranking
174/190
2024
22/190
2000
Current account balance, % of GDP
-0.62%
2024
+11.4%
2000
Goods imports
$223B
2024
$15.2B
2000
Goods exports
$263B
2024
$28.3B
2000
Service imports
$57.6B
2024
$2.3B
2000
Service exports
$39B
2024
$1.38B
2000
Imports of goods and services, % of GDP
20.4%
2024
28.5%
2024
Exports of goods and services, % of GDP
22.2%
2024
23.6%
2024

Economic freedom indices

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

Indonesia Iran
Economic freedom 65.1 41.8
Economic freedom ranking 67/197 185/197
Property rights 39.7 20.2
Government integrity 42 16.2
Judicial effectiveness 43.1 18.7
Tax burden 81.5 81.3
Government spending 91.4 94.7
Fiscal health 89.8 83.3
Business freedom 69.2 37.4
Labor freedom 56.8 41.8
Monetary freedom 79.4 42.2
Trade freedom 78.6 55.8
Investment freedom 50 5
Financial freedom 60 5

Economic freedom comparison by year

Indonesia
Iran
1x
Year Economic freedom index
Indonesia Iran
2026 65.1 41.8
2025 65.2 42.5
2024 63.5 41.2
2023 63.5 42.2
2022 64.4 42.4
2021 66.9 47.2
2020 67.2 49.2
2019 65.8 51.1
2018 64.2 50.9
2017 61.9 50.5
2016 59.4 43.5
2015 58.1 41.8
2014 58.5 40.3
2013 56.9 43.2
2012 56.4 42.3
2011 56 42.1
2010 55.5 43.4
2009 53.4 44.6
2008 53.2 45
2007 53.2 45
2006 51.9 45
2005 52.9 50.5
2004 52.1 42.8
2003 55.8 43.2
2002 54.8 36.4
2001 52.5 35.9
2000 55.2 36.1
1999 61.5 36.8
1998 63.4 36
1997 62 34.5
1996 61 36.1
1995 54.9 -

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 41.8 for Iran, ranking 185/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Iran
Services, % of GDP
43.8%
2024
49.8%
2024
Industry, % of GDP
39.3%
2024
36.1%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
10.8%
2024
GNI, Atlas method
$1.39T
2024
$469B
2024
GNI per capita, PPP
$16,010
2024
$19,820
2024
Total reserves including gold
$156B
2024
$7.69B
1982
Total reserves ranking
20/177
2024
85/177
1982
Net foreign direct investment
-$15.9B
2024
-$39M
2000
Net inflows of foreign direct investment
$24.2B
2024
$1.45B
2024
Net outflows of foreign direct investment
$8.39B
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
0.08%
2024
Poverty at national poverty lines
9%
2024
18.7%
2020
Gross capital formation, % of GDP
31.4%
2024
44.3%
2024

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/iran | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, 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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.