Skip to content

Economy of Indonesia vs Kiribati compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $308M for Kiribati, ranking 16/197 and 192/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Indonesia vs Kiribati GDP by year

Indonesia
Kiribati
1x
Year GDP, current $
Indonesia Kiribati
2024 $1,396,300,098,191 $307,862,564
2023 $1,371,169,301,564 $288,610,748
2022 $1,319,101,183,380 $270,040,453
2021 $1,186,509,691,087 $285,259,881
2020 $1,059,054,842,698 $220,898,020
2019 $1,119,099,871,350 $216,985,388
2018 $1,042,271,532,989 $233,514,717
2017 $1,015,618,744,160 $222,875,736
2016 $931,877,364,038 $206,467,819
2015 $860,854,232,686 $191,559,399
2014 $890,814,755,534 $200,287,282
2013 $912,524,136,718 $201,730,861
2012 $917,869,913,333 $207,001,546
2011 $892,969,104,563 $195,970,140
2010 $755,094,157,622 $165,458,433
2009 $539,580,085,612 $140,177,384
2008 $510,228,634,992 $147,017,895
2007 $432,216,737,775 $138,054,946
2006 $364,570,515,618 $112,338,353
2005 $285,868,619,196 $113,895,437
2004 $256,836,875,295 $104,085,892
2003 $234,772,463,824 $96,105,619
2002 $195,660,611,165 $74,743,869
2001 $160,446,947,785 $64,935,850
2000 $165,021,012,078 $74,910,527
1999 $140,001,351,215 $77,323,978
1998 $95,445,547,873 $74,905,706
1997 $215,748,998,610 $80,205,807
1996 $227,369,679,375 $81,456,854
1995 $202,132,028,723 $68,596,395
1994 $176,892,143,932 $67,055,334
1993 $158,006,700,302 $58,953,596
1992 $128,026,966,580 $61,491,369
1991 $116,621,996,217 $41,247,792
1990 $106,140,727,334 $36,534,295
1989 $94,451,427,877 $37,645,319
1988 $84,300,174,486 $38,278,810
1987 $75,929,617,558 $29,554,413
1986 $79,954,072,545 $25,993,009
1985 $85,289,488,375 $26,126,615
1984 $84,853,700,028 $34,394,167
1983 $81,052,283,384 $31,000,546
1982 $90,158,449,295 $32,742,713
1981 $85,518,233,419 $35,267,489
1980 $72,482,337,397 $33,157,723
1979 $51,400,186,343 $34,466,197
1978 $51,455,719,076 $36,563,965
1977 $45,808,915,663 $31,335,459
1976 $37,269,156,627 $33,246,817
1975 $30,463,855,422 $44,547,454
1974 $25,802,409,639 $69,256,489
1973 $16,273,253,012 $25,645,040
1972 $10,997,590,361 $15,314,346
1971 $9,333,536,370 $12,356,134
1970 $9,150,684,932 $11,560,877
1969 $8,337,423,313 -
1968 $7,076,465,300 -
1967 $5,667,756,628 -

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

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

GDP per capita in Indonesia vs Kiribati by year

Indonesia
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $2,289 $3,702
2023 $4,876 $15,416 $2,178 $3,486
2022 $4,731 $14,285 $2,070 $3,329
2021 $4,287 $12,757 $2,222 $3,020
2020 $3,854 $11,729 $1,752 $2,711
2019 $4,107 $11,986 $1,751 $2,763
2018 $3,861 $11,372 $1,913 $2,672
2017 $3,799 $10,688 $1,853 $2,562
2016 $3,521 $10,263 $1,743 $2,463
2015 $3,288 $10,028 $1,640 $2,311
2014 $3,441 $10,065 $1,737 $2,084
2013 $3,567 $9,866 $1,772 $2,049
2012 $3,632 $9,530 $1,844 $1,896
2011 $3,579 $8,937 $1,771 $1,786
2010 $3,066 $8,353 $1,522 $1,724
2009 $2,218 $7,868 $1,317 $1,718
2008 $2,125 $7,569 $1,411 $1,735
2007 $1,823 $7,096 $1,353 $1,792
2006 $1,558 $6,583 $1,123 $1,728
2005 $1,238 $6,134 $1,162 $1,617
2004 $1,127 $5,700 $1,083 $1,579
2003 $1,043 $5,353 $1,021 $1,578
2002 $881 $5,076 $810 $1,605
2001 $732 $4,849 $719 $1,591
2000 $764 $4,639 $845 $1,638
1999 $657 $4,386 $887 $1,526
1998 $455 $4,356 $874 $1,593
1997 $1,045 $5,037 $953 $1,535
1996 $1,119 $4,807 $986 $1,519
1995 $1,011 $4,451 $844 $1,518
1994 $900 $4,096 $838 $1,469
1993 $817 $3,793 $748 $1,431
1992 $674 $3,538 $792 $1,421
1991 $624 $3,305 $540 $1,139
1990 $578 $3,044 $488 $1,192
1989 $524 - $515 -
1988 $477 - $536 -
1987 $438 - $424 -
1986 $470 - $382 -
1985 $511 - $393 -
1984 $520 - $527 -
1983 $508 - $483 -
1982 $578 - $519 -
1981 $561 - $568 -
1980 $487 - $542 -
1979 $353 - $573 -
1978 $362 - $611 -
1977 $331 - $520 -
1976 $275.7 - $548 -
1975 $231.1 - $730 -
1974 $200.7 - $1,131 -
1973 $129.9 - $422 -
1972 $90.1 - $256.2 -
1971 $78.5 - $210.7 -
1970 $79.1 - $201 -
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/kiribati | CC BY

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Kiribati ranks 169th at $3,702.

Economic indicators

Indonesia Kiribati
Gross domestic product
$1.4T
2024
$308M
2024
GDP rank
16/197
2024
192/197
2024
GDP growth
5.03%
2023-2024
5.27%
2023-2024
GDP per capita
$4,925
2024
$2,289
2024
GDP per capita rank
121/197
2024
152/197
2024
GDP per capita, PPP
$16,448
2024
$3,702
2024
GDP per capita PPP rank
107/197
2024
169/197
2024
Government debt
$561B
2024
$30.5M
2024
Debt-to-GDP ratio
40.2%
2024
9.92%
2024
Government debt per person
$1,978
2024
$226.9
2024
Government debt per person rank
120/185
2024
181/185
2024
Average annual personal income after taxes
$3,371
2026
$1,967
2026
Market capitalization of domestic companies
$758B
2023
n/a
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
22.8%
2019
Income share by poorest 10%
3.5%
2024
4%
2019
Government expenditure, % of GDP
16.8%
2024
98.1%
2024
Consumer prices inflation
2.18%
2023-2024
2.5%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
2.79%
2023
Population
288551776
139020

Spending and national debt comparison by year

Indonesia
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Indonesia Kiribati
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 98.1% 9.92%
2023 16.6% 39.6% 95.3% 11.4%
2022 17.3% 40.1% 87.5% 16.3%
2021 18.1% 41.1% 84% 17.3%
2020 18.4% 39.7% 102.2% 21%
2019 16.4% 30.6% 108.3% 19%
2018 16.6% 30.4% 108.8% 19%
2017 16.4% 29.4% 92.1% 20.2%
2016 16.9% 28% 99% 21.2%
2015 17.6% 27% 90.9% 18.8%
2014 18.4% 24.6% 101.2% 8.97%
2013 18.8% 24.9% 78% 8.86%
2012 18.8% 23% 83.9% 8.13%
2011 17.7% 23.1% 80.9% 8.8%
2010 16.9% 26.4% 75.7% 9.43%
2009 17% 26.5% 74.7% 10.3%
2008 19.4% 30.3% 79.4% 13.9%
2007 18.7% 38.1% 77.3% 11.1%
2006 18.4% 35.8% 82.1% 12.9%
2005 17.4% 42.6% 95.6% 12.1%
2004 17.8% 51.3% 103.8% 13.6%
2003 18.2% 55.6% 84.4% 12.3%
2002 16.9% 62.3% 96.9% 13.3%
2001 19.5% 73.7% 101.3% 17%
2000 15.3% 87.4% 66% 12.7%
1999 15.1% 95.9% 77.6% 11.8%
1998 15.1% 72.5% 74.7% 9.81%
1997 15.2% 26.4% 70.9% 10.7%
1996 11.5% 27.5% 68.4% 11%
1995 11.9% 32% 69.6% 12.3%
1994 13.5% 37% 54.6% 12.3%
1993 14.1% 40.4% 55.3% 10.9%
1992 16.8% 42.6% 65.9% 7.31%
1991 15% 39.2% 82.1% 8.43%
1990 15.8% 40.8% 105.5% 7.72%
1989 16.5% 42.5% - -
1988 17.3% 45.6% - -
1987 18% 49.7% - -
1986 20.9% 38.3% - -
1985 18.5% 28% - -
1984 16.1% 23.5% - -
1983 18.2% 23.1% - -
1982 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 9.92% in Kiribati, ranking 132/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Kiribati
1x
Year Deficit/surplus, % of GDP
Indonesia Kiribati
2024 -2.3% -22%
2023 -1.64% 0.13%
2022 -2.31% -18.3%
2021 -4.4% -10.8%
2020 -6.07% 3.57%
2019 -2.09% 10.8%
2018 -1.69% 5.18%
2017 -2.26% 34.1%
2016 -2.56% 20.1%
2015 -2.72% 42.5%
2014 -1.8% 35%
2013 -1.96% 11.8%
2012 -1.59% -5.43%
2011 -0.7% -17.6%
2010 -1.24% -7.8%
2009 -1.64% -8.56%
2008 0.05% -15.8%
2007 -0.95% -12.5%
2006 0.45% -12.3%
2005 0.46% -9.96%
2004 -0.26% -19.2%
2003 -1.08% -8.93%
2002 -0.58% 3.13%
2001 -1.76% -10.9%
2000 -1.87% -0.03%
1999 -0.96% -1.81%
1998 -1.89% 14.6%
1997 -1.03% 5.92%
1996 0.96% -20.2%
1995 0.64% -5.14%
1994 0.005% 0.74%
1993 -0.59% 6.27%
1992 -2.95% 0.79%
1991 -0.87% 3.87%
1990 -0.55% -4.62%
1989 -1.72% -
1988 -2.68% -
1987 -0.9% -
1986 -2.94% -
1985 -0.45% -
1984 1.83% -
1983 -1% -
1982 -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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/indonesia/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 35 years, Indonesia recorded a fiscal deficit in 29 of those years, while Kiribati ran a deficit in 19 years. On average, Indonesia posted an annual deficit equal to 1.42% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Indonesia

Kiribati
1x
Year Consumer prices inflation
Indonesia Kiribati
2024 2.18% 2.5%
2023 3.67% 9.3%
2022 4.21% 5.3%
2021 1.56% 2.1%
2020 1.92% 2.6%
2019 3.03% -1.8%
2018 3.2% 0.6%
2017 3.81% 0.4%
2016 3.53% 1.9%
2015 6.36% 0.6%
2014 6.39% 2.1%
2013 6.41% -1.5%
2012 4.28% -3%
2011 5.36% 1.5%
2010 5.13% -3.9%
2009 4.39% 9.8%
2008 10.2% 13.7%
2007 6.41% 3.6%
2006 13.1% -1%
2005 10.5% -0.4%
2004 6.06% -0.7%
2003 6.76% 1.6%
2002 11.9% 3.2%
2001 11.5% 6%
2000 3.69% 0.4%
1999 20.5% 1.8%
1998 58.5% 3.7%
1997 6.23% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 2.25% in Kiribati. In 2024, inflation was 2.18% in Indonesia and 2.5% in Kiribati.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $1.88M
Chemicals & pharma $1.86M
Textiles & consumer goods $367K
Raw agricultural goods $237K
Machinery & equipment $192K
Metals $79K
Raw materials & minerals $21K
Animal & marine products $11K
Wood & paper products $10K
Miscellaneous $4K
Kiribati
Export category Export value
Processed food, beverages & tobacco $226K

Balance of trade

Indonesia Kiribati
Current account balance
-$8.72B
2024
-$59.5M
2024
Current account balance ranking
174/190
2024
85/190
2024
Current account balance, % of GDP
-0.62%
2024
-19.3%
2024
Goods imports
$223B
2024
$227M
2024
Goods exports
$263B
2024
$8.49M
2024
Service imports
$57.6B
2024
$108M
2024
Service exports
$39B
2024
$7M
2024
Imports of goods and services, % of GDP
20.4%
2024
94.9%
2024
Exports of goods and services, % of GDP
22.2%
2024
6.27%
2024

Economic freedom indices

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

Indonesia Kiribati
Economic freedom 65.1 50.8
Economic freedom ranking 67/197 158/197
Property rights 39.7 69.6
Government integrity 42 50.5
Judicial effectiveness 43.1 54.6
Tax burden 81.5 72.6
Government spending 91.4 0
Fiscal health 89.8 19.8
Business freedom 69.2 60.2
Labor freedom 56.8 65.3
Monetary freedom 79.4 76.7
Trade freedom 78.6 80
Investment freedom 50 30
Financial freedom 60 30

Economic freedom comparison by year

Indonesia
Kiribati
1x
Year Economic freedom index
Indonesia Kiribati
2026 65.1 50.8
2025 65.2 50.9
2024 63.5 51.3
2023 63.5 58.8
2022 64.4 59.2
2021 66.9 44.4
2020 67.2 45.2
2019 65.8 47.3
2018 64.2 50.8
2017 61.9 50.9
2016 59.4 46.2
2015 58.1 46.4
2014 58.5 46.3
2013 56.9 45.9
2012 56.4 46.9
2011 56 44.8
2010 55.5 43.7
2009 53.4 45.7
2008 53.2 -
2007 53.2 -
2006 51.9 -
2005 52.9 -
2004 52.1 -
2003 55.8 -
2002 54.8 -
2001 52.5 -
2000 55.2 -
1999 61.5 -
1998 63.4 -
1997 62 -
1996 61 -
1995 54.9 -

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Kiribati
Services, % of GDP
43.8%
2024
67.1%
2023
Industry, % of GDP
39.3%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
27.2%
2023
GNI, Atlas method
$1.39T
2024
$493M
2024
GNI per capita, PPP
$16,010
2024
$6,060
2024
Total reserves including gold
$156B
2024
n/a
Total reserves ranking
20/177
2024
n/a
Net foreign direct investment
-$15.9B
2024
-$8.06M
2024
Net inflows of foreign direct investment
$24.2B
2024
$8.07M
2024
Net outflows of foreign direct investment
$8.39B
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
n/a
Poverty at national poverty lines
9%
2024
5.5%
2023
Gross capital formation, % of GDP
31.4%
2024
25.8%
2023

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/kiribati | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1967–2024, 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 (2020–2024, 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.