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Economy of Indonesia vs Malta compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $25B for Malta, ranking 16/197 and 119/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $11.5B (46.2% of GDP) in Malta.

Indonesia vs Malta GDP by year

Indonesia
Malta
1x
Year GDP, current $
Indonesia Malta
2024 $1,396,300,098,191 $24,971,574,502
2023 $1,371,169,301,564 $22,610,561,526
2022 $1,319,101,183,380 $18,928,276,162
2021 $1,186,509,691,087 $19,739,875,611
2020 $1,059,054,842,698 $16,404,663,226
2019 $1,119,099,871,350 $16,337,793,531
2018 $1,042,271,532,989 $16,153,779,511
2017 $1,015,618,744,160 $14,161,366,724
2016 $931,877,364,038 $12,025,782,834
2015 $860,854,232,686 $11,340,795,042
2014 $890,814,755,534 $11,888,032,874
2013 $912,524,136,718 $10,796,782,636
2012 $917,869,913,333 $9,609,532,089
2011 $892,969,104,563 $9,789,361,703
2010 $755,094,157,622 $9,097,044,159
2009 $539,580,085,612 $8,734,745,698
2008 $510,228,634,992 $9,135,419,465
2007 $432,216,737,775 $7,908,412,306
2006 $364,570,515,618 $6,749,838,806
2005 $285,868,619,196 $6,393,234,993
2004 $256,836,875,295 $6,104,141,520
2003 $234,772,463,824 $5,418,315,224
2002 $195,660,611,165 $4,455,127,414
2001 $160,446,947,785 $4,070,867,133
2000 $165,021,012,078 $4,036,809,815
1999 $140,001,351,215 $4,111,857,809
1998 $95,445,547,873 $4,010,111,688
1997 $215,748,998,610 $3,787,023,707
1996 $227,369,679,375 $3,822,547,197
1995 $202,132,028,723 $3,709,396,045
1994 $176,892,143,932 $2,998,505,428
1993 $158,006,700,302 $2,709,193,538
1992 $128,026,966,580 $3,021,942,759
1991 $116,621,996,217 $2,750,216,747
1990 $106,140,727,334 $2,547,328,748
1989 $94,451,427,877 $2,118,655,677
1988 $84,300,174,486 $2,019,503,068
1987 $75,929,617,558 $1,751,293,461
1986 $79,954,072,545 $1,435,038,441
1985 $85,289,488,375 $1,117,797,439
1984 $84,853,700,028 $1,101,807,023
1983 $81,052,283,384 $1,165,729,707
1982 $90,158,449,295 $1,234,474,404
1981 $85,518,233,419 $1,243,509,394
1980 $72,482,337,397 $1,250,198,601
1979 $51,400,186,343 $1,001,288,847
1978 $51,455,719,076 $793,673,402
1977 $45,808,915,663 $625,563,171
1976 $37,269,156,627 $527,936,989
1975 $30,463,855,422 $474,618,321
1974 $25,802,409,639 $376,081,124
1973 $16,273,253,012 $345,616,106
1972 $10,997,590,361 $295,106,628
1971 $9,333,536,370 $264,578,485
1970 $9,150,684,932 $250,728,796
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/malta | CC BY

GDP per capita in Indonesia vs Malta by year

Indonesia
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $43,899 $69,864
2023 $4,876 $15,416 $40,906 $67,057
2022 $4,731 $14,285 $35,639 $60,589
2021 $4,287 $12,757 $38,097 $56,852
2020 $3,854 $11,729 $31,823 $49,972
2019 $4,107 $11,986 $32,422 $51,393
2018 $3,861 $11,372 $33,382 $48,178
2017 $3,799 $10,688 $30,317 $45,764
2016 $3,521 $10,263 $26,459 $41,000
2015 $3,288 $10,028 $25,530 $38,369
2014 $3,441 $10,065 $27,425 $35,206
2013 $3,567 $9,866 $25,416 $33,138
2012 $3,632 $9,530 $22,878 $30,716
2011 $3,579 $8,937 $23,517 $29,426
2010 $3,066 $8,353 $21,947 $28,909
2009 $2,218 $7,868 $21,176 $26,782
2008 $2,125 $7,569 $22,315 $26,654
2007 $1,823 $7,096 $19,444 $25,012
2006 $1,558 $6,583 $16,654 $23,219
2005 $1,238 $6,134 $15,831 $22,227
2004 $1,127 $5,700 $15,212 $21,566
2003 $1,043 $5,353 $13,594 $20,813
2002 $881 $5,076 $11,251 $19,532
2001 $732 $4,849 $10,358 $18,435
2000 $764 $4,639 $10,348 $18,214
1999 $657 $4,386 $10,609 $16,898
1998 $455 $4,356 $10,408 $16,219
1997 $1,045 $5,037 $9,893 $15,465
1996 $1,119 $4,807 $10,062 $14,661
1995 $1,011 $4,451 $9,828 $13,950
1994 $900 $4,096 $8,000 $12,938
1993 $817 $3,793 $7,296 $12,103
1992 $674 $3,538 $8,220 $11,429
1991 $624 $3,305 $7,559 $10,784
1990 $578 $3,044 $7,192 $10,086
1989 $524 - $6,041 -
1988 $477 - $5,814 -
1987 $438 - $5,084 -
1986 $470 - $4,195 -
1985 $511 - $3,322 -
1984 $520 - $3,333 -
1983 $508 - $3,527 -
1982 $578 - $3,788 -
1981 $561 - $3,898 -
1980 $487 - $3,948 -
1979 $353 - $3,196 -
1978 $362 - $2,559 -
1977 $331 - $2,038 -
1976 $275.7 - $1,727 -
1975 $231.1 - $1,560 -
1974 $200.7 - $1,245 -
1973 $129.9 - $1,144 -
1972 $90.1 - $976 -
1971 $78.5 - $874 -
1970 $79.1 - $828 -
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/malta | CC BY

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $43,899 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Malta ranks 25th at $69,864.

Economic indicators

Indonesia Malta
Gross domestic product
$1.4T
2024
$25B
2024
GDP rank
16/197
2024
119/197
2024
GDP growth
5.03%
2023-2024
6.8%
2023-2024
GDP per capita
$4,925
2024
$43,899
2024
GDP per capita rank
121/197
2024
28/197
2024
GDP per capita, PPP
$16,448
2024
$69,864
2024
GDP per capita PPP rank
107/197
2024
25/197
2024
Government debt
$561B
2024
$11.5B
2024
Debt-to-GDP ratio
40.2%
2024
46.2%
2024
Government debt per person
$1,978
2024
$20,269
2024
Government debt per person rank
120/185
2024
31/185
2024
Average annual personal income after taxes
$3,371
2026
$23,692
2026
Market capitalization of domestic companies
$758B
2023
$4.29B
2024
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
27.7%
2022
Income share by poorest 10%
3.5%
2024
2.7%
2022
Government expenditure, % of GDP
16.8%
2024
37.3%
2024
Consumer prices inflation
2.18%
2023-2024
1.65%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
3.12%
2024
Population
288551776
581729

Spending and national debt comparison by year

Indonesia
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Indonesia Malta
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 37.3% 46.2%
2023 16.6% 39.6% 36.1% 46.8%
2022 17.3% 40.1% 38.3% 50.1%
2021 18.1% 41.1% 39.4% 49.6%
2020 18.4% 39.7% 42.1% 48.6%
2019 16.4% 30.6% 34.9% 39.2%
2018 16.6% 30.4% 34.5% 41.4%
2017 16.4% 29.4% 32.7% 45.6%
2016 16.9% 28% 35.5% 53.1%
2015 17.6% 27% 37.8% 55%
2014 18.4% 24.6% 39.6% 60.7%
2013 18.8% 24.9% 40.1% 64.9%
2012 18.8% 23% 41.7% 65.6%
2011 17.7% 23.1% 41.5% 68.9%
2010 16.9% 26.4% 40.1% 65%
2009 17% 26.5% 41.1% 66%
2008 19.4% 30.3% 42.1% 61.5%
2007 18.7% 38.1% 41.2% 62%
2006 18.4% 35.8% 42.5% 64.5%
2005 17.4% 42.6% 42.5% 70.2%
2004 17.8% 51.3% 42% 70.4%
2003 18.2% 55.6% 45.6% 68.6%
2002 16.9% 62.3% 43.6% 65.1%
2001 19.5% 73.7% 44.4% 70%
2000 15.3% 87.4% 42.9% 64.4%
1999 15.1% 95.9% - 69.8%
1998 15.1% 72.5% - 66.4%
1997 15.2% 26.4% - 60.8%
1996 11.5% 27.5% - 51.5%
1995 11.9% 32% - 45.3%
1994 13.5% 37% - -
1993 14.1% 40.4% - -
1992 16.8% 42.6% - -
1991 15% 39.2% - -
1990 15.8% 40.8% - -
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 (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Malta spent $9.32B, or 37.3% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 46.2% in Malta, ranking 132/185 and 118/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Malta
1x
Year Deficit/surplus, % of GDP
Indonesia Malta
2024 -2.3% -3.58%
2023 -1.64% -4.65%
2022 -2.31% -5.31%
2021 -4.4% -6.95%
2020 -6.07% -8.72%
2019 -2.09% 0.72%
2018 -1.69% 1.86%
2017 -2.26% 3.4%
2016 -2.56% 1.1%
2015 -2.72% -0.84%
2014 -1.8% -1.49%
2013 -1.96% -2.19%
2012 -1.59% -3.31%
2011 -0.7% -2.99%
2010 -1.24% -2.22%
2009 -1.64% -3.11%
2008 0.05% -4.06%
2007 -0.95% -2.05%
2006 0.45% -2.46%
2005 0.46% -2.83%
2004 -0.26% -4.28%
2003 -1.08% -9.04%
2002 -0.58% -5.62%
2001 -1.76% -6.5%
2000 -1.87% -5.83%
1999 -0.96% -
1998 -1.89% -
1997 -1.03% -
1996 0.96% -
1995 0.64% -
1994 0.005% -
1993 -0.59% -
1992 -2.95% -
1991 -0.87% -
1990 -0.55% -
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/malta | 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 Malta's deficit of $893M, or 3.58% of GDP.

Over the past 25 years, Indonesia recorded a fiscal deficit in 22 of those years, while Malta ran a deficit in 21 years. On average, Indonesia posted an annual deficit equal to 1.7% of GDP, compared to deficit of 3.24% of GDP for Malta.

Inflation comparison by year

Inflation
Indonesia

Malta
1x
Year Consumer prices inflation
Indonesia Malta
2024 2.18% 1.65%
2023 3.67% 5.09%
2022 4.21% 6.15%
2021 1.56% 1.5%
2020 1.92% 0.64%
2019 3.03% 1.64%
2018 3.2% 1.16%
2017 3.81% 1.36%
2016 3.53% 0.64%
2015 6.36% 1.1%
2014 6.39% 0.31%
2013 6.41% 1.18%
2012 4.28% 2.38%
2011 5.36% 2.96%
2010 5.13% 1.52%
2009 4.39% 2.08%
2008 10.2% 4.26%
2007 6.41% 1.25%
2006 13.1% 2.77%
2005 10.5% 3.01%
2004 6.06% 2.79%
2003 6.76% 1.3%
2002 11.9% 2.19%
2001 11.5% 2.93%
2000 3.69% 2.37%
1999 20.5% 2.13%
1998 58.5% 2.39%
1997 6.23% 3.11%

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

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 2.21% in Malta. In 2024, inflation was 2.18% in Indonesia and 1.65% in Malta.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $9.34M
Machinery & equipment $6.7M
Textiles & consumer goods $6.66M
Chemicals & pharma $4.95M
Metals $1.17M
Wood & paper products $1.08M
Precious metals & jewellery $343K
Animal & marine products $257K
Raw agricultural goods $198K
Raw materials & minerals $70K
Malta
Export category Export value
IT & IP services $1.26M
Transport & tourism services $591K
Business & finance services $355K
Machinery & equipment $178K
Processed food, beverages & tobacco $75K
Chemicals & pharma $30K
Wood & paper products $7K
Animal & marine products $4K
Textiles & consumer goods $3K
Miscellaneous $2K

Balance of trade

Indonesia Malta
Current account balance
-$8.72B
2024
$1.78B
2024
Current account balance ranking
174/190
2024
47/190
2024
Current account balance, % of GDP
-0.62%
2024
+7.12%
2024
Goods imports
$223B
2024
$7.56B
2024
Goods exports
$263B
2024
$4.58B
2024
Service imports
$57.6B
2024
$17.4B
2024
Service exports
$39B
2024
$25B
2024
Imports of goods and services, % of GDP
20.4%
2024
99.7%
2024
Exports of goods and services, % of GDP
22.2%
2024
118.5%
2024

Economic freedom indices

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

Indonesia Malta
Economic freedom 65.1 68.2
Economic freedom ranking 67/197 49/197
Property rights 39.7 85.5
Government integrity 42 54.3
Judicial effectiveness 43.1 80.2
Tax burden 81.5 68.5
Government spending 91.4 58.4
Fiscal health 89.8 63.2
Business freedom 69.2 83.2
Labor freedom 56.8 62.6
Monetary freedom 79.4 73.1
Trade freedom 78.6 79.4
Investment freedom 50 60
Financial freedom 60 50

Economic freedom comparison by year

Indonesia
Malta
1x
Year Economic freedom index
Indonesia Malta
2026 65.1 68.2
2025 65.2 66.8
2024 63.5 64.5
2023 63.5 67.5
2022 64.4 71.5
2021 66.9 70.2
2020 67.2 69.5
2019 65.8 68.6
2018 64.2 68.5
2017 61.9 67.7
2016 59.4 66.7
2015 58.1 66.5
2014 58.5 66.4
2013 56.9 67.5
2012 56.4 67
2011 56 65.7
2010 55.5 67.2
2009 53.4 66.1
2008 53.2 66
2007 53.2 66.1
2006 51.9 67.3
2005 52.9 68.9
2004 52.1 63.3
2003 55.8 61.1
2002 54.8 62.2
2001 52.5 62.9
2000 55.2 58.3
1999 61.5 59.3
1998 63.4 61.2
1997 62 57.9
1996 61 55.8
1995 54.9 56.3

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Malta
Services, % of GDP
43.8%
2024
81.8%
2024
Industry, % of GDP
39.3%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
0.23%
2024
GNI, Atlas method
$1.39T
2024
$20.9B
2024
GNI per capita, PPP
$16,010
2024
$61,340
2024
Total reserves including gold
$156B
2024
$1.42B
2024
Total reserves ranking
20/177
2024
137/177
2024
Net foreign direct investment
-$15.9B
2024
-$6.13B
2024
Net inflows of foreign direct investment
$24.2B
2024
$42.6B
2024
Net outflows of foreign direct investment
$8.39B
2024
$36.5B
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
n/a
Poverty at national poverty lines
9%
2024
16.7%
2021
Gross capital formation, % of GDP
31.4%
2024
19%
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/malta | CC BY

Compare countries by 7 more topics

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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.