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Economy of Indonesia vs Israel compared: GDP & Debt

Updated on by Georank

Indonesia has a GDP of $1.45T compared to $611B for Israel, ranking 17/197 and 27/197 by economy size, respectively.

Indonesia has $593B in government debt (41% of GDP), compared to $418B (68.5% of GDP) in Israel.

Indonesia vs Israel GDP by year

Indonesia
Israel
1x
Year GDP, current $
Indonesia Israel
2025 $1,445,642,584,164 $610,777,842,874
2024 $1,396,301,788,462 $542,284,494,491
2023 $1,371,166,925,750 $513,393,395,492
2022 $1,319,101,183,380 $525,157,951,213
2021 $1,186,509,691,087 $489,735,019,666
2020 $1,059,054,842,698 $410,908,899,711
2019 $1,119,099,871,350 $399,207,771,082
2018 $1,042,271,532,989 $375,470,422,244
2017 $1,015,618,744,160 $357,360,816,857
2016 $931,877,364,038 $321,083,954,798
2015 $860,854,232,686 $302,841,190,258
2014 $890,814,755,534 $314,376,760,832
2013 $912,524,136,718 $298,045,324,736
2012 $917,869,913,333 $263,172,104,091
2011 $892,969,104,563 $267,739,352,609
2010 $755,094,157,622 $239,372,857,534
2009 $539,580,085,612 $213,112,649,594
2008 $510,228,634,992 $220,952,472,408
2007 $432,216,737,775 $184,448,882,452
2006 $364,570,515,618 $158,706,516,002
2005 $285,868,619,196 $147,346,035,831
2004 $256,836,875,295 $139,925,423,025
2003 $234,772,463,824 $131,278,887,815
2002 $195,660,611,165 $125,215,963,105
2001 $160,446,947,785 $134,889,159,474
2000 $165,021,012,078 $136,409,902,632
1999 $140,001,351,215 $121,329,240,042
1998 $95,445,547,873 $120,468,659,246
1997 $215,748,998,610 $119,389,303,067
1996 $227,369,679,375 $115,051,957,577
1995 $202,132,028,723 $105,432,315,611
1994 $176,892,143,932 $90,684,108,118
1993 $158,006,700,302 $79,806,598,120
1992 $128,026,966,580 $79,408,652,426
1991 $116,621,996,217 $70,954,941,681
1990 $106,140,727,334 $61,978,459,022
1989 $94,451,427,877 $52,411,116,588
1988 $84,300,174,486 $52,618,458,014
1987 $75,929,617,558 $43,022,977,765
1986 $79,954,072,545 $35,812,041,620
1985 $85,289,488,375 $28,887,898,639
1984 $84,853,700,028 $30,626,695,891
1983 $81,052,283,384 $32,655,591,256
1982 $90,158,449,295 $29,237,231,967
1981 $85,518,233,419 $26,865,420,933
1980 $72,482,337,397 $25,379,585,067
1979 $51,400,186,343 $22,595,788,591
1978 $51,455,719,076 $17,690,363,444
1977 $45,808,915,663 $18,245,847,441
1976 $37,269,156,627 $15,946,502,888
1975 $30,463,855,422 $16,131,806,290
1974 $25,802,409,639 $17,162,009,924
1973 $16,273,253,012 $11,895,229,181
1972 $10,997,590,361 $9,216,866,299
1971 $9,333,536,370 $7,048,191,876
1970 $9,150,684,932 $7,402,142,195
1969 $8,337,423,313 $6,293,966,357
1968 $7,076,465,300 $5,455,059,532
1967 $5,667,756,628 $4,759,447,914
1966 - $4,700,397,692
1965 - $4,326,412,951
1964 - $4,021,861,430
1963 - $3,533,767,055
1962 - $2,964,323,618
1961 - $3,706,297,903
1960 - $3,068,690,949

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

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

GDP per capita in Indonesia vs Israel by year

Indonesia
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,060 - $60,337 -
2024 $4,925 $16,448 $54,217 $57,236
2023 $4,876 $15,416 $52,126 $55,171
2022 $4,731 $14,285 $54,947 $53,619
2021 $4,287 $12,757 $52,258 $46,162
2020 $3,854 $11,729 $44,591 $40,955
2019 $4,107 $11,986 $44,092 $41,325
2018 $3,861 $11,372 $42,269 $40,190
2017 $3,799 $10,688 $41,013 $39,471
2016 $3,521 $10,263 $37,571 $38,189
2015 $3,288 $10,028 $36,138 $35,871
2014 $3,441 $10,065 $38,265 $34,816
2013 $3,567 $9,866 $36,981 $34,827
2012 $3,632 $9,530 $33,269 $32,484
2011 $3,579 $8,937 $34,477 $31,314
2010 $3,066 $8,353 $31,399 $29,456
2009 $2,218 $7,868 $28,470 $28,087
2008 $2,125 $7,569 $30,231 $28,084
2007 $1,823 $7,096 $25,689 $28,307
2006 $1,558 $6,583 $22,500 $26,385
2005 $1,238 $6,134 $21,262 $25,701
2004 $1,127 $5,700 $20,550 $26,078
2003 $1,043 $5,353 $19,624 $24,702
2002 $881 $5,076 $19,059 $26,101
2001 $732 $4,849 $20,949 $25,806
2000 $764 $4,639 $21,690 $25,766
1999 $657 $4,386 $19,809 $23,415
1998 $455 $4,356 $20,176 $22,927
1997 $1,045 $5,037 $20,457 $22,279
1996 $1,119 $4,807 $20,213 $21,672
1995 $1,011 $4,451 $19,014 $20,642
1994 $900 $4,096 $16,796 $19,478
1993 $817 $3,793 $15,169 $18,218
1992 $674 $3,538 $15,500 $17,553
1991 $624 $3,305 $14,337 $16,486
1990 $578 $3,044 $13,300 $15,721
1989 $524 - $11,601 -
1988 $477 - $11,846 -
1987 $438 - $9,847 -
1986 $470 - $8,330 -
1985 $511 - $6,824 -
1984 $520 - $7,364 -
1983 $508 - $7,955 -
1982 $578 - $7,253 -
1981 $561 - $6,791 -
1980 $487 - $6,545 -
1979 $353 - $5,968 -
1978 $362 - $4,794 -
1977 $331 - $5,050 -
1976 $275.7 - $4,514 -
1975 $231.1 - $4,669 -
1974 $200.7 - $5,082 -
1973 $129.9 - $3,629 -
1972 $90.1 - $2,928 -
1971 $78.5 - $2,297 -
1970 $79.1 - $2,489 -
1969 $74.1 - $2,188 -
1968 $64.7 - $1,946 -
1967 $53.2 - $1,734 -
1966 - - $1,788 -
1965 - - $1,688 -
1964 - - $1,625 -
1963 - - $1,485 -
1962 - - $1,293 -
1961 - - $1,696 -
1960 - - $1,452 -

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

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

Indonesia's GDP per capita is $5,060, ranking 123/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Israel ranks 36th at $57,236.

Economic indicators

Indonesia Israel
Gross domestic product
$1.45T
2025
$611B
2025
GDP rank
17/197
2025
27/197
2025
GDP growth
5.11%
2024-2025
2.93%
2024-2025
GDP per capita
$5,060
2025
$60,337
2025
GDP per capita rank
123/197
2025
19/197
2025
GDP per capita, PPP
$16,448
2024
$57,236
2024
GDP per capita PPP rank
107/197
2024
36/197
2024
Government debt
$593B
2025
$418B
2025
Debt-to-GDP ratio
41%
2025
68.5%
2025
Government debt per person
$2,076
2025
$41,338
2025
Government debt per person rank
119/185
2025
16/185
2025
Average annual personal income after taxes
$3,470
2026
$48,251
2026
Market capitalization of domestic companies
$950B
2025
$331B
2024
Number of millionaires
178,605
2024
195,000
2026
Number of billionaires
33
2026
42
2026
Income share by richest 10%
28.7%
2025
27%
2022
Income share by poorest 10%
3.5%
2025
1.8%
2022
Government expenditure, % of GDP
16.2%
2025
43.6%
2025
Consumer prices inflation
1.91%
2024-2025
3.04%
2024-2025
Central bank interest rate
5.5%
2026
3.75%
2026
Unemployment rate
3.31%
2023
3%
2025
Population
289027659
10334048

Spending and national debt comparison by year

Indonesia
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Indonesia Israel
Government spending Government debt Government spending Government debt
2025 16.2% 41% 43.6% 68.5%
2024 16.9% 40.2% 43.7% 67.7%
2023 16.6% 39.6% 39.6% 61.3%
2022 17.3% 40.1% 36.9% 60.3%
2021 18.1% 41.1% 40.1% 67.7%
2020 18.4% 39.7% 44.8% 71.1%
2019 16.4% 30.6% 38.7% 59.3%
2018 16.6% 30.4% 39.2% 60.1%
2017 16.4% 29.4% 38.4% 59.8%
2016 16.9% 28% 37.9% 61.7%
2015 17.6% 27% 37.6% 62.8%
2014 18.4% 24.6% 38.3% 65.8%
2013 18.8% 24.9% 39.7% 66%
2012 18.8% 23% 39.6% 66.9%
2011 17.7% 23.1% 39.3% 67.2%
2010 16.9% 26.4% 39.7% 69%
2009 17% 26.5% 41.4% 72.6%
2008 19.4% 30.3% 41.2% 70.2%
2007 18.7% 38.1% 40.2% 70.8%
2006 18.4% 35.8% 41.6% 77.7%
2005 17.4% 42.6% 42.3% 85.2%
2004 17.8% 51.3% 43% 88.3%
2003 18.2% 55.6% 45.4% 89.7%
2002 16.9% 62.3% 50% 87.2%
2001 19.5% 73.7% 46.1% 81.1%
2000 15.3% 87.4% 43.4% 77.2%
1999 15.1% 95.9% 53.6% 94.8%
1998 15.1% 72.5% 55% 101%
1997 15.2% 26.4% 52.6% 99.3%
1996 11.5% 27.5% 53.2% 100.3%
1995 11.9% 32% 52.8% 102.3%
1994 13.5% 37% 41.7% 110.2%
1993 14.1% 40.4% 42.2% 118.3%
1992 16.8% 42.6% 44.1% 119.6%
1991 15% 39.2% 34.4% 123.7%
1990 15.8% 40.8% 46.8% 138.3%
1989 16.5% 42.5% 47.5% 147.4%
1988 17.3% 45.6% 46.5% 145.4%
1987 18% 49.7% 52.8% 143.2%
1986 20.9% 38.3% 55.7% 162.5%
1985 18.5% 28% 65.2% 199%
1984 16.1% 23.5% - 284%
1983 18.2% 23.1% - 260.5%
1982 18.8% 18.6% 69.7% -
1981 24.4% 16.4% 71.8% -
1980 22.1% 17.3% 69.4% 154.3%
1979 20.9% 22% 70.1% 155.5%
1978 20.1% 30.3% 62.2% 133.6%
1977 19.5% 27.7% 69.1% 142%
1976 21.8% 38.1% 66.3% 97.4%
1975 20.5% 36.7% 62% 85.1%
1974 17.3% 34.4% - 79.8%
1973 16.3% 43.1% - 62.1%
1972 15.7% 51.2% - 63.9%
1971 14.5% 50.5% - -
1970 13.8% 46.7% 41.6% -
1969 12.8% - 41.1% -
1968 8.82% - 39.4% -
1967 10.4% - 33.9% -
1966 9.18% - 29.6% -
1965 10.7% - 27.8% -
1964 9.55% - 28.2% -
1963 10.3% - 26.9% -
1962 7.89% - 27.7% -
1961 15.1% - 30.3% -
1960 14.4% - 30.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08).

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

In 2025, Indonesia's government spending was $234B, accounting for 16.2% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 41% in Indonesia and 68.5% in Israel, ranking 130/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Israel
1x
Year Deficit/surplus, % of GDP
Indonesia Israel
2025 -2.92% -5.22%
2024 -2.28% -8.07%
2023 -1.64% -5.38%
2022 -2.31% 0.3%
2021 -4.4% -3.37%
2020 -6.07% -10.6%
2019 -2.09% -3.79%
2018 -1.69% -3.58%
2017 -2.26% -1.17%
2016 -2.56% -1.78%
2015 -2.72% -1.2%
2014 -1.8% -2.28%
2013 -1.96% -4.07%
2012 -1.59% -4.46%
2011 -0.7% -3.43%
2010 -1.24% -3.72%
2009 -1.64% -6.53%
2008 0.05% -3.49%
2007 -0.95% -0.43%
2006 0.45% -0.94%
2005 0.46% -2.74%
2004 -0.26% -3.4%
2003 -1.08% -5.03%
2002 -0.58% -8.21%
2001 -1.76% -4.06%
2000 -1.87% -0.8%
1999 -0.96% -6.26%
1998 -1.89% -7.99%
1997 -1.03% -4.84%
1996 0.96% -5.97%
1995 0.64% -4.28%
1994 0.005% -5.62%
1993 -0.59% -5.62%
1992 -1.54% -8%
1991 0.51% -7.04%
1990 0.97% -9.67%
1989 -1.72% -9.03%
1988 -2.68% -7.57%
1987 -0.9% -7.47%
1986 -2.94% -7.51%
1985 -0.45% -14.2%
1984 1.83% -
1983 -1% -
1982 -1.11% -13.8%
1981 -0.69% -23.5%
1980 -0.82% -19.6%
1979 -0.67% -16.7%
1978 -2.03% -14.7%
1977 -0.38% -20.3%
1976 -2.63% -19.4%
1975 -2.33% -19.6%
1974 -0.35% -
1973 -1.33% -
1972 -1.82% -
1971 -2.51% -
1970 -3.02% -16%
1969 -2.8% -15.3%
1968 0% -11.7%
1967 -0.35% -7.68%
1966 -5.06% -4.35%
1965 -6.62% -2.72%
1964 -5.58% -3.65%
1963 -5.24% -4.41%
1962 -3.1% -4.09%
1961 -4.57% -5.86%
1960 -1.65% -6.62%
1959 -4.06% -7.23%
1958 -6.67% -8.31%
1957 -2.92% -7.17%
1956 -1.38% -9.3%
1955 -1.6% -4.3%
1954 -3.16% -7.84%
1953 -2.33% -8.32%
1952 -3.66% -7.19%
1951 1.52% -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Indonesia's government deficit, the difference between spending and revenue, was $42.2B, equivalent to 2.92% of GDP. This compares to Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 59 years, Indonesia recorded a fiscal deficit in 49 of those years, while Israel ran a deficit in 52 years. On average, Indonesia posted an annual deficit equal to 1.34% of GDP, compared to deficit of 7.67% of GDP for Israel.

Inflation comparison by year

Inflation
Indonesia

Israel
1x
Year Consumer prices inflation
Indonesia Israel
2025 1.91% 3.04%
2024 2.18% 3.07%
2023 3.67% 4.23%
2022 4.21% 4.41%
2021 1.56% 1.48%
2020 1.92% -0.58%
2019 3.03% 0.82%
2018 3.2% 0.81%
2017 3.81% 0.25%
2016 3.53% -0.54%
2015 6.36% -0.62%
2014 6.39% 0.47%
2013 6.41% 1.59%
2012 4.28% 1.68%
2011 5.36% 3.49%
2010 5.13% 2.7%
2009 4.39% 3.37%
2008 10.2% 4.53%
2007 6.41% 0.47%
2006 13.1% 2.05%
2005 10.5% 1.34%
2004 6.06% -0.42%
2003 6.76% 0.71%
2002 11.9% 5.8%
2001 11.5% 1.12%
2000 3.69% 1.03%
1999 20.5% 5.19%
1998 58.5% 5.49%
1997 6.23% 8.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Indonesia has recorded an average annual inflation rate of 8.02%, compared with 2.27% in Israel. In 2025, inflation was 1.91% in Indonesia and 3.04% in Israel.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $95.8M
Textiles & consumer goods $61.7M
Machinery & equipment $33.5M
Wood & paper products $32.2M
Chemicals & pharma $18.8M
Raw agricultural goods $4.63M
Precious metals & jewellery $2.63M
Raw materials & minerals $721K
Animal & marine products $251K
Metals $200K
Israel
Export category Export value
Manufacturing & construction services $30.9M
Chemicals & pharma $12.6M
Machinery & equipment $10.7M
Textiles & consumer goods $3.73M
Processed food, beverages & tobacco $357K
Raw materials & minerals $168K
Metals $99K
Wood & paper products $65K
Miscellaneous $25K
Precious metals & jewellery $20K

Balance of trade

Indonesia Israel
Current account balance
-$1.52B
2025
$8.53B
2025
Current account balance ranking
129/190
2025
26/190
2025
Current account balance, % of GDP
-0.11%
2025
+1.4%
2025
Goods imports
$231B
2025
$102B
2025
Goods exports
$280B
2025
$76.2B
2025
Service imports
$63B
2025
$53.2B
2025
Service exports
$42.5B
2025
$92.4B
2025
Imports of goods and services, % of GDP
20.5%
2025
25.4%
2025
Exports of goods and services, % of GDP
22.8%
2025
27.6%
2025

Economic freedom indices

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

Indonesia Israel
Economic freedom 65.1 68.4
Economic freedom ranking 67/197 47/197
Property rights 39.7 73.1
Government integrity 42 66.2
Judicial effectiveness 43.1 68.1
Tax burden 81.5 60.2
Government spending 91.4 52
Fiscal health 89.8 60.8
Business freedom 69.2 72.4
Labor freedom 56.8 56.8
Monetary freedom 79.4 78.2
Trade freedom 78.6 82.8
Investment freedom 50 70
Financial freedom 60 80

Economic freedom comparison by year

Indonesia
Israel
1x
Year Economic freedom index
Indonesia Israel
2026 65.1 68.4
2025 65.2 69.9
2024 63.5 70.1
2023 63.5 68.9
2022 64.4 68
2021 66.9 73.8
2020 67.2 74
2019 65.8 72.8
2018 64.2 72.2
2017 61.9 69.7
2016 59.4 70.7
2015 58.1 70.5
2014 58.5 68.4
2013 56.9 66.9
2012 56.4 67.8
2011 56 68.5
2010 55.5 67.7
2009 53.4 67.6
2008 53.2 66.3
2007 53.2 64.8
2006 51.9 64.4
2005 52.9 62.6
2004 52.1 61.4
2003 55.8 62.7
2002 54.8 66.9
2001 52.5 66.1
2000 55.2 65.5
1999 61.5 68.3
1998 63.4 68
1997 62 62.7
1996 61 62
1995 54.9 61.5

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Israel
Services, % of GDP
43.9%
2025
72.8%
2024
Industry, % of GDP
38.7%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
13.1%
2025
1.29%
2024
GNI, Atlas method
$1.46T
2025
$569B
2025
GNI per capita, PPP
$17,190
2025
$58,870
2025
Total reserves including gold
$157B
2025
$229B
2025
Total reserves ranking
22/177
2025
18/177
2025
Net foreign direct investment
-$14.4B
2025
-$11.8B
2025
Net inflows of foreign direct investment
$24.3B
2024
$14.8B
2024
Net outflows of foreign direct investment
$8.39B
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
5.64%
2024
n/a
Poverty at national poverty lines
9%
2024
22%
2020
Gross capital formation, % of GDP
30.6%
2025
24.3%
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/indonesia/israel | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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 (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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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.