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Economy of Indonesia vs Mauritius compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $14.9B for Mauritius, ranking 16/197 and 143/197 by economy size, respectively.

Indonesia has $561B in government debt (41% of GDP), compared to $13.6B (91.3% of GDP) in Mauritius.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Indonesia
GDP, current $

GDP, constant 2015 $
Mauritius
GDP, current $

GDP, constant 2015 $
Year GDP
Indonesia Mauritius
Current $ Constant $ Current $ Constant $
1960 - $52,777,607,845 $162,089,564 $968,988,710
1961 - $55,807,383,385 $191,757,729 $1,190,393,861
1962 - $56,835,342,943 $197,738,208 $1,199,994,232
1963 - $55,563,919,279 $253,839,558 $1,366,727,738
1964 - $57,525,157,910 $218,914,569 $1,272,567,126
1965 - $58,147,343,958 $230,024,161 $1,313,250,841
1966 - $59,770,437,998 $227,534,083 $1,266,391,365
1967 $5,667,756,628 $60,595,510,801 $238,439,291 $1,321,911,601
1968 $7,076,465,300 $67,209,619,011 $206,576,631 $1,230,836,442
1969 $8,337,423,313 $71,794,859,672 $221,553,613 $1,291,553,246
1970 $9,150,684,932 $77,218,698,920 $224,125,805 $1,286,356,771
1971 $9,333,536,370 $82,642,538,168 $251,437,338 $1,341,330,044
1972 $10,997,590,361 $88,458,625,142 $318,664,900 $1,453,282,307
1973 $16,273,253,012 $95,627,290,483 $404,285,775 $1,627,410,035
1974 $25,802,409,639 $102,928,121,319 $669,894,030 $1,770,814,578
1975 $30,463,855,422 $108,051,163,594 $673,311,287 $1,786,859,757
1976 $37,269,156,627 $115,492,177,179 $713,510,052 $2,211,282,621
1977 $45,808,915,663 $125,610,822,866 $834,722,972 $2,356,068,983
1978 $51,455,719,076 $134,110,994,998 $1,029,040,323 $2,446,325,417
1979 $51,400,186,343 $143,933,699,326 $1,227,446,632 $2,532,351,080
1980 $72,482,337,397 $158,154,460,399 $1,147,027,924 $2,277,564,692
1981 $85,518,233,419 $170,691,612,499 $1,157,769,444 $2,411,539,084
1982 $90,158,449,295 $174,526,106,274 $1,092,923,636 $2,544,103,219
1983 $81,052,283,384 $181,843,928,959 $1,104,956,573 $2,553,867,368
1984 $84,853,700,028 $194,528,502,793 $1,054,564,759 $2,673,857,908
1985 $85,289,488,375 $199,318,073,805 $1,090,611,325 $2,859,810,700
1986 $79,954,072,545 $211,028,100,540 $1,482,601,552 $3,138,414,411
1987 $75,929,617,558 $221,423,191,493 $1,906,174,438 $3,417,452,086
1988 $84,300,174,486 $234,222,555,729 $2,163,252,449 $3,649,543,107
1989 $94,451,427,877 $251,687,564,196 $2,211,312,823 $3,812,500,631
1990 $106,140,727,334 $269,915,108,913 $2,689,212,760 $4,086,495,015
1991 $116,621,996,217 $288,571,594,912 $2,895,354,736 $4,267,749,306
1992 $128,026,966,580 $307,321,553,097 $3,267,677,814 $4,545,694,954
1993 $158,006,700,302 $327,286,415,429 $3,307,302,126 $4,776,710,033
1994 $176,892,143,932 $351,963,716,551 $3,606,050,873 $4,974,281,585
1995 $202,132,028,723 $380,895,160,094 $4,094,741,652 $5,187,565,675
1996 $227,369,679,375 $410,674,256,276 $4,481,489,762 $5,477,438,749
1997 $215,748,998,610 $429,975,448,805 $4,243,755,308 $5,788,966,841
1998 $95,445,547,873 $373,533,751,956 $4,225,813,976 $6,140,469,444
1999 $140,001,351,215 $376,488,874,893 $4,402,193,195 $6,300,792,947
2000 $165,021,012,078 $395,012,382,598 $4,726,108,622 $6,817,633,871
2001 $160,446,947,785 $409,404,526,220 $4,675,755,867 $7,045,856,941
2002 $195,660,611,165 $427,825,582,126 $4,906,494,249 $7,159,641,800
2003 $234,772,463,824 $448,277,224,149 $5,894,873,920 $7,583,882,472
2004 $256,836,875,295 $470,829,486,220 $6,667,418,752 $7,912,266,089
2005 $285,868,619,196 $497,631,790,442 $6,576,108,447 $8,052,910,022
2006 $364,570,515,618 $525,006,275,303 $7,137,710,413 $8,444,727,952
2007 $432,216,737,775 $558,318,040,162 $8,277,442,915 $8,928,358,886
2008 $510,228,634,992 $591,893,632,243 $10,127,777,060 $9,409,326,235
2009 $539,580,085,612 $619,291,626,017 $9,264,513,545 $9,721,252,645
2010 $755,094,157,622 $657,835,433,774 $10,144,716,155 $10,146,771,629
2011 $892,969,104,563 $698,422,460,479 $11,677,718,382 $10,560,510,104
2012 $917,869,913,333 $740,537,688,618 $11,832,323,837 $10,929,718,038
2013 $912,524,136,718 $781,691,320,691 $12,434,596,541 $11,297,000,949
2014 $890,814,755,534 $820,828,013,231 $13,230,490,082 $11,729,333,766
2015 $860,854,232,686 $860,854,232,686 $12,162,211,503 $12,162,211,503
2016 $931,877,364,038 $904,181,621,780 $12,757,680,847 $12,631,973,063
2017 $1,015,618,744,160 $950,021,694,164 $13,896,938,315 $13,129,418,116
2018 $1,042,271,532,989 $999,178,586,309 $14,957,535,716 $13,655,479,839
2019 $1,119,099,871,350 $1,049,330,233,997 $14,645,235,205 $14,050,298,678
2020 $1,059,054,842,698 $1,027,656,193,885 $11,566,111,138 $12,006,466,621
2021 $1,186,509,691,087 $1,065,709,127,397 $11,622,048,697 $12,415,142,571
2022 $1,319,101,183,380 $1,122,268,412,650 $12,936,444,123 $13,494,399,202
2023 $1,371,169,301,564 $1,178,932,006,500 $14,072,212,290 $14,170,187,785
2024 $1,396,300,098,191 $1,238,236,350,137 $14,937,861,786 $14,868,086,969

Economic indicators

Indonesia Mauritius
Gross domestic product
$1.4T
2024
$14.9B
2024
GDP rank
16/197
2024
143/197
2024
GDP growth
1.83%
2023-2024
6.15%
2023-2024
GDP per capita
$4,925
2024
$11,991
2024
GDP per capita rank
121/197
2024
78/197
2024
GDP per capita, PPP
$16,448
2024
$31,840
2024
Government debt
$561B
2024
$13.6B
2024
Debt-to-GDP ratio
41%
2026
91.3%
2026
Government debt per person
$1,979
2024
$10,955
2024
Government debt per person rank
120/185
2024
52/185
2024
Average annual personal income after taxes
$3,538
2026
$7,323
2026
Market capitalization of domestic companies
$758B
2023
$9.12B
2024
Number of millionaires
178,605
2024
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
29.9%
2017
Income share by poorest 10%
3.5%
2024
2.9%
2017
Government expenditure, % of GDP
16.7%
2026
30.8%
2026
Consumer prices inflation
2.18%
2023-2024
3.6%
2023-2024
Central bank interest rate
4.75%
2025
4.5%
2025
Unemployment rate
3.31%
2023
5.57%
2023
Population
287909726
1239793

GDP per capita in Indonesia vs Mauritius

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $11,991 in Mauritius, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Mauritius ranks 71st at $31,840.

Indonesia
GDP per capita

GDP per capita, PPP
Mauritius
GDP per capita

GDP per capita, PPP
Year Current $
Indonesia Mauritius
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $238.3 -
1961 - - $281.7 -
1962 - - $282.3 -
1963 - - $353 -
1964 - - $297.3 -
1965 - - $305 -
1966 - - $296 -
1967 $53.2 - $304 -
1968 $64.7 - $258.7 -
1969 $74.1 - $272.7 -
1970 $79.1 - $271.3 -
1971 $78.5 - $299.6 -
1972 $90.1 - $374 -
1973 $129.9 - $467 -
1974 $200.7 - $763 -
1975 $231.1 - $755 -
1976 $275.7 - $787 -
1977 $331 - $906 -
1978 $362 - $1,102 -
1979 $353 - $1,292 -
1980 $487 - $1,187 -
1981 $561 - $1,181 -
1982 $578 - $1,101 -
1983 $508 - $1,103 -
1984 $520 - $1,042 -
1985 $511 - $1,069 -
1986 $470 - $1,442 -
1987 $438 - $1,840 -
1988 $477 - $2,074 -
1989 $524 - $2,103 -
1990 $578 $3,044 $2,540 $5,010
1991 $624 $3,305 $2,705 $5,351
1992 $674 $3,538 $3,013 $5,753
1993 $817 $3,793 $3,014 $6,116
1994 $900 $4,096 $3,240 $6,414
1995 $1,011 $4,451 $3,648 $6,771
1996 $1,119 $4,807 $3,952 $7,206
1997 $1,045 $5,037 $3,696 $7,651
1998 $455 $4,356 $3,642 $8,121
1999 $657 $4,386 $3,746 $8,344
2000 $764 $4,639 $3,982 $9,143
2001 $732 $4,849 $3,909 $9,586
2002 $881 $5,076 $4,073 $9,824
2003 $1,043 $5,353 $4,858 $10,535
2004 $1,127 $5,700 $5,461 $11,216
2005 $1,238 $6,134 $5,354 $11,703
2006 $1,558 $6,583 $5,784 $12,593
2007 $1,823 $7,096 $6,677 $13,612
2008 $2,125 $7,569 $8,141 $14,569
2009 $2,218 $7,868 $7,427 $15,105
2010 $3,066 $8,353 $8,113 $15,920
2011 $3,579 $8,937 $9,324 $16,884
2012 $3,632 $9,530 $9,422 $17,259
2013 $3,567 $9,866 $9,877 $18,435
2014 $3,441 $10,065 $10,490 $19,294
2015 $3,288 $10,028 $9,631 $20,270
2016 $3,521 $10,263 $10,095 $21,952
2017 $3,799 $10,688 $10,987 $22,898
2018 $3,861 $11,372 $11,819 $23,416
2019 $4,107 $11,986 $11,568 $24,375
2020 $3,854 $11,729 $9,136 $21,622
2021 $4,287 $12,757 $9,178 $23,010
2022 $4,731 $14,285 $10,247 $26,874
2023 $4,876 $15,416 $11,270 $29,561
2024 $4,925 $16,448 $11,991 $31,840

Spending and national debt comparison

In 2024, Indonesia's government spending was $236B, accounting for 16.7% of its GDP, while Mauritius' spent $5.04B, or 30.8% of GDP.

Debt-to-GDP ratio is 41% in Indonesia and 91.3% in Mauritius, ranking 131/185 and 28/185, respectively.

Indonesia
Government spending

Government debt
Mauritius
Government spending

Government debt
Year % of GDP
Indonesia Mauritius
Government spending Government debt Government spending Government debt
1960 14.4% - - -
1961 15.1% - - -
1962 7.89% - - -
1963 10.3% - - -
1964 9.55% - - -
1965 10.7% - - -
1966 9.18% - - -
1967 10.4% - - -
1968 8.82% - - -
1969 12.8% - - -
1970 13.8% 46.7% - -
1971 14.5% 50.5% - -
1972 15.7% 51.2% - -
1973 16.3% 43.1% - -
1974 17.3% 34.4% - -
1975 20.5% 36.7% - -
1976 21.8% 38.1% - -
1977 19.5% 27.7% - -
1978 20.1% 30.3% - -
1979 20.9% 22% - -
1980 22.1% 17.3% - -
1981 24.4% 16.4% - -
1982 18.8% 18.6% - -
1983 18.2% 23.1% - -
1984 16.1% 23.5% - -
1985 18.5% 28% - -
1986 20.9% 38.3% - -
1987 18% 49.7% - -
1988 17.3% 45.6% - -
1989 16.5% 42.5% - -
1990 15.8% 40.8% 30.2% -
1991 15% 39.2% 27.2% -
1992 16.8% 42.6% 26.8% -
1993 14.1% 40.4% 24.5% -
1994 13.5% 37% 27.5% -
1995 11.9% 32% 27.3% -
1996 11.5% 27.5% 27.4% -
1997 15.2% 26.4% 27.5% -
1998 15.1% 72.5% 26.6% -
1999 15.1% 95.9% 27.5% -
2000 15.3% 87.4% 22.2% 59.7%
2001 19.5% 73.7% 22.4% 60.5%
2002 16.9% 62.3% 23.3% 66.7%
2003 18.2% 55.6% 23.4% 70.8%
2004 17.8% 51.3% 22.6% 61.1%
2005 17.4% 42.6% 23% 61.7%
2006 18.4% 35.8% 22.2% 59.3%
2007 18.7% 38.1% 21.5% 51.6%
2008 19.4% 30.3% 22.7% 49.4%
2009 17% 26.5% 25.2% 58.4%
2010 16.9% 26.4% 24% 56.4%
2011 17.7% 23.1% 23.7% 56.5%
2012 18.8% 23% 22.5% 55.9%
2013 18.8% 24.9% 24.1% 58.2%
2014 18.4% 24.6% 23% 60.6%
2015 17.6% 27% 24.5% 65%
2016 16.9% 28% 24% 64.3%
2017 16.4% 29.4% 24.3% 63%
2018 16.6% 30.4% 24.3% 64.1%
2019 16.4% 30.6% 27.8% 74.6%
2020 18.4% 39.7% 32.6% 93.4%
2021 18.1% 41.1% 30.8% 93.8%
2022 17.3% 40.1% 29.3% 86.9%
2023 17% 39.6% 29.9% 85.6%
2024 16.9% 40.2% 33.7% 91.4%
2025 16.7% 41% 31.9% 93.2%
2026 16.7% 41% 30.8% 91.3%

Government deficit by year

In 2024, Indonesia's government deficit, the difference between spending and revenue, was -$32B, equivalent to -2.29% of GDP. This compares to Mauritius' deficit of -$1.06B, or -7.11% of GDP.

Over the past 25 years, Indonesia recorded a fiscal deficit in 22 of those years, while Mauritius ran a deficit in 25 years. On average, Indonesia posted an annual deficit equal to -1.71% of GDP, compared to deficit of -4.18% of GDP for Mauritius.

Deficit/surplus
Indonesia

Mauritius
Year Deficit/surplus, % of GDP
Indonesia Mauritius
1951 1.52% -
1952 -3.66% -
1953 -2.33% -
1954 -3.16% -
1955 -1.6% -
1956 -1.38% -
1957 -2.92% -
1958 -6.67% -
1959 -4.06% -
1960 -1.65% -
1961 -4.57% -
1962 -3.1% -
1963 -5.24% -
1964 -5.58% -
1965 -6.62% -
1966 -5.06% -
1967 -0.35% -
1968 0% -
1969 -2.8% -
1970 -3.02% -
1971 -2.51% -
1972 -1.82% -
1973 -1.33% -
1974 -0.35% -
1975 -2.33% -
1976 -2.63% -
1977 -0.38% -
1978 -2.03% -
1979 -0.67% -
1980 -0.82% -
1981 -0.69% -
1982 -1.11% -
1983 -1% -
1984 1.83% -
1985 -0.45% -
1986 -2.94% -
1987 -0.9% -
1988 -2.68% -
1989 -1.72% -
1990 -0.55% -
1991 -0.87% -
1992 -2.95% -
1993 -0.59% -
1994 0.005% -
1995 0.64% -
1996 0.96% -
1997 -1.03% -
1998 -1.89% -
1999 -0.96% -
2000 -1.87% -4.4%
2001 -1.76% -5.53%
2002 -0.58% -5.18%
2003 -1.08% -4.82%
2004 -0.26% -4.34%
2005 0.46% -4.44%
2006 0.45% -4.14%
2007 -0.95% -3.09%
2008 0.05% -2.66%
2009 -1.64% -3.41%
2010 -1.24% -3.07%
2011 -0.7% -3.09%
2012 -1.59% -1.78%
2013 -1.96% -3.4%
2014 -1.8% -3.13%
2015 -2.72% -3.59%
2016 -2.56% -2.81%
2017 -2.26% -1.66%
2018 -1.69% -2.19%
2019 -2.09% -7.53%
2020 -6.07% -10.6%
2021 -4.4% -4.44%
2022 -2.31% -3.31%
2023 -1.91% -4.71%
2024 -2.29% -7.11%
2025 -2.59% -3.75%
2026 -2.57% -2.43%

Inflation comparison by year

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 4.92% in Mauritius. In 2024, inflation was 2.18% in Indonesia and 3.6% in Mauritius.

Inflation
Indonesia

Mauritius
Year Inflation
Indonesia Mauritius
1997 6.23% 6.83%
1998 58.5% 6.81%
1999 20.5% 6.91%
2000 3.69% 4.2%
2001 11.5% 5.39%
2002 11.9% 6.42%
2003 6.76% 3.92%
2004 6.06% 4.71%
2005 10.5% 4.94%
2006 13.1% 8.91%
2007 6.41% 8.83%
2008 10.2% 9.73%
2009 4.39% 2.52%
2010 5.13% 2.93%
2011 5.36% 6.52%
2012 4.28% 3.85%
2013 6.41% 3.54%
2014 6.39% 3.22%
2015 6.36% 1.29%
2016 3.53% 0.98%
2017 3.81% 3.67%
2018 3.2% 3.22%
2019 3.03% 0.41%
2020 1.92% 2.58%
2021 1.56% 4.03%
2022 4.21% 10.8%
2023 3.67% 7.05%
2024 2.18% 3.6%

Top exports between countries

Indonesia
Export category Export value
Raw materials & minerals $12.3M
Animal & marine products $11.8M
Textiles & consumer goods $11.3M
Machinery & equipment $9.81M
Metals $8.89M
Wood & paper products $7.58M
Processed food, beverages & tobacco $6.9M
Chemicals & pharma $4.29M
Raw agricultural goods $655K
Miscellaneous $157K
Mauritius
Export category Export value
Wood & paper products $862K
Precious metals & jewellery $442K
Textiles & consumer goods $170K
Processed food, beverages & tobacco $144K
Animal & marine products $115K
Chemicals & pharma $104K
Metals $70K
Raw agricultural goods $27K
Machinery & equipment $7K
Raw materials & minerals $6K

Balance of trade

Indonesia Mauritius
Current account balance
-$8.72B
2024
-$1.05B
2024
Current account balance ranking
174/190
2024
126/190
2024
Current account balance, % of GDP
-0.62%
2024
-7.03%
2024
Goods imports
$223B
2024
$6.35B
2024
Goods exports
$263B
2024
$2.37B
2024
Service imports
$57.6B
2024
$2.28B
2024
Service exports
$39B
2024
$4.19B
2024
Imports of goods and services, % of GDP
20.4%
2024
78.3%
2024
Exports of goods and services, % of GDP
22.2%
2024
67.1%
2024

Economic freedom indices

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

Indonesia Mauritius
Economic freedom 65.2 75
Economic freedom ranking 65/197 18/197
Property rights 39.8 86.4
Government integrity 40.1 53.2
Judicial effectiveness 45.3 81
Tax burden 81.8 89.8
Government spending 90.9 77.1
Fiscal health 84.9 64.9
Business freedom 73 82.9
Labor freedom 59.3 69.3
Monetary freedom 78 67.4
Trade freedom 79.4 87.4
Investment freedom 50 70
Financial freedom 60 70

Economic freedom by year comparison

The Economic Freedom Index for Indonesia is 65.2, ranking 65/197, compared to 75 for Mauritius, ranking 18/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Indonesia
Mauritius
Year Economic freedom index
Indonesia Mauritius
1995 54.9 -
1996 61 -
1997 62 -
1998 63.4 -
1999 61.5 68.5
2000 55.2 67.2
2001 52.5 66.4
2002 54.8 67.7
2003 55.8 64.4
2004 52.1 64.3
2005 52.9 67.2
2006 51.9 67.4
2007 53.2 69.4
2008 53.2 72.6
2009 53.4 74.3
2010 55.5 76.3
2011 56 76.2
2012 56.4 77
2013 56.9 76.9
2014 58.5 76.5
2015 58.1 76.4
2016 59.4 74.7
2017 61.9 74.7
2018 64.2 75.1
2019 65.8 73
2020 67.2 74.9
2021 66.9 77
2022 64.4 70.9
2023 63.5 70.6
2024 63.5 71.5
2025 65.2 75

More economic indicators

Indonesia Mauritius
Services, % of GDP
43.8%
2024
64.4%
2024
Industry, % of GDP
39.3%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
4.23%
2024
GNI, Atlas method
$1.39T
2024
$16.2B
2024
GNI per capita, PPP
$16,010
2024
$35,100
2024
Total reserves including gold
$156B
2024
$8.51B
2024
Total reserves ranking
20/177
2024
83/177
2024
Net foreign direct investment
-$15.9B
2024
$963M
2024
Net inflows of foreign direct investment
$24.2B
2024
$681M
2024
Net outflows of foreign direct investment
$8.39B
2024
$38.3M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
10.1%
2024
Poverty at national poverty lines
9%
2024
8.4%
2023
Gross capital formation, % of GDP
31.4%
2024
21.2%
2024

GDP per capita map

GDP per capita

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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.