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Economy of Indonesia vs Moldova compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $18.2B for Moldova, ranking 16/197 and 134/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Indonesia vs Moldova GDP by year

Indonesia
Moldova
1x
Year GDP, current $
Indonesia Moldova
2024 $1,396,300,098,191 $18,200,340,854
2023 $1,371,169,301,564 $16,711,906,746
2022 $1,319,101,183,380 $14,525,337,524
2021 $1,186,509,691,087 $13,691,869,264
2020 $1,059,054,842,698 $11,530,746,234
2019 $1,119,099,871,350 $11,736,797,055
2018 $1,042,271,532,989 $11,252,353,421
2017 $1,015,618,744,160 $9,514,404,016
2016 $931,877,364,038 $7,980,917,076
2015 $860,854,232,686 $7,797,667,197
2014 $890,814,755,534 $9,402,090,138
2013 $912,524,136,718 $9,496,717,876
2012 $917,869,913,333 $8,709,138,635
2011 $892,969,104,563 $8,414,352,020
2010 $755,094,157,622 $6,974,982,370
2009 $539,580,085,612 $5,439,434,272
2008 $510,228,634,992 $6,054,824,248
2007 $432,216,737,775 $4,401,173,152
2006 $364,570,515,618 $3,408,255,451
2005 $285,868,619,196 $2,988,342,907
2004 $256,836,875,295 $2,598,249,556
2003 $234,772,463,824 $1,980,907,435
2002 $195,660,611,165 $1,661,818,168
2001 $160,446,947,785 $1,480,673,594
2000 $165,021,012,078 $1,288,429,392
1999 $140,001,351,215 $1,170,782,957
1998 $95,445,547,873 $1,698,717,505
1997 $215,748,998,610 $1,930,081,169
1996 $227,369,679,375 $1,695,122,174
1995 $202,132,028,723 $1,752,999,370
1994 $176,892,143,932 $1,702,314,268
1993 $158,006,700,302 $2,371,813,324
1992 $128,026,966,580 $2,319,243,436
1991 $116,621,996,217 $3,094,565,871
1990 $106,140,727,334 $3,592,857,043
1989 $94,451,427,877 -
1988 $84,300,174,486 -
1987 $75,929,617,558 -
1986 $79,954,072,545 -
1985 $85,289,488,375 -
1984 $84,853,700,028 -
1983 $81,052,283,384 -
1982 $90,158,449,295 -
1981 $85,518,233,419 -
1980 $72,482,337,397 -
1979 $51,400,186,343 -
1978 $51,455,719,076 -
1977 $45,808,915,663 -
1976 $37,269,156,627 -
1975 $30,463,855,422 -
1974 $25,802,409,639 -
1973 $16,273,253,012 -
1972 $10,997,590,361 -
1971 $9,333,536,370 -
1970 $9,150,684,932 -
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/moldova | CC BY

GDP per capita in Indonesia vs Moldova by year

Indonesia
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $7,576 $18,615
2023 $4,876 $15,416 $6,800 $17,747
2022 $4,731 $14,285 $5,744 $16,453
2021 $4,287 $12,757 $5,275 $15,682
2020 $3,854 $11,729 $4,376 $13,527
2019 $4,107 $11,986 $4,405 $13,413
2018 $3,861 $11,372 $4,156 $11,868
2017 $3,799 $10,688 $3,453 $11,252
2016 $3,521 $10,263 $2,847 $10,326
2015 $3,288 $10,028 $2,750 $9,198
2014 $3,441 $10,065 $3,290 $8,643
2013 $3,567 $9,866 $3,321 $8,233
2012 $3,632 $9,530 $3,045 $7,255
2011 $3,579 $8,937 $2,941 $6,833
2010 $3,066 $8,353 $2,437 $6,323
2009 $2,218 $7,868 $1,898 $5,827
2008 $2,125 $7,569 $2,111 $6,153
2007 $1,823 $7,096 $1,531 $5,590
2006 $1,558 $6,583 $1,183 $5,271
2005 $1,238 $6,134 $1,034 $4,866
2004 $1,127 $5,700 $897 $4,378
2003 $1,043 $5,353 $682 $3,960
2002 $881 $5,076 $571 $3,633
2001 $732 $4,849 $507 $3,311
2000 $764 $4,639 $441 $3,045
1999 $657 $4,386 $399 $2,910
1998 $455 $4,356 $579 $2,965
1997 $1,045 $5,037 $657 $3,136
1996 $1,119 $4,807 $575 $3,021
1995 $1,011 $4,451 $594 $3,146
1994 $900 $4,096 $574 $3,111
1993 $817 $3,793 $797 $4,394
1992 $674 $3,538 $778 $4,337
1991 $624 $3,305 $1,038 $5,980
1990 $578 $3,044 $1,207 $6,895
1989 $524 - - -
1988 $477 - - -
1987 $438 - - -
1986 $470 - - -
1985 $511 - - -
1984 $520 - - -
1983 $508 - - -
1982 $578 - - -
1981 $561 - - -
1980 $487 - - -
1979 $353 - - -
1978 $362 - - -
1977 $331 - - -
1976 $275.7 - - -
1975 $231.1 - - -
1974 $200.7 - - -
1973 $129.9 - - -
1972 $90.1 - - -
1971 $78.5 - - -
1970 $79.1 - - -
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/moldova | CC BY

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Moldova ranks 100th at $18,615.

Economic indicators

Indonesia Moldova
Gross domestic product
$1.4T
2024
$18.2B
2024
GDP rank
16/197
2024
134/197
2024
GDP growth
5.03%
2023-2024
0.1%
2023-2024
GDP per capita
$4,925
2024
$7,576
2024
GDP per capita rank
121/197
2024
99/197
2024
GDP per capita, PPP
$16,448
2024
$18,615
2024
GDP per capita PPP rank
107/197
2024
100/197
2024
Government debt
$561B
2024
$7.06B
2024
Debt-to-GDP ratio
40.2%
2024
38.8%
2024
Government debt per person
$1,978
2024
$2,938
2024
Government debt per person rank
120/185
2024
102/185
2024
Average annual personal income after taxes
$3,371
2026
$4,291
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%
2023
Income share by poorest 10%
3.5%
2024
4.3%
2023
Government expenditure, % of GDP
16.8%
2024
38%
2024
Consumer prices inflation
2.18%
2023-2024
4.68%
2023-2024
Central bank interest rate
4.75%
2025
6%
2025
Unemployment rate
3.31%
2023
1.43%
2024
Population
288551776
2341166

Spending and national debt comparison by year

Indonesia
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Indonesia Moldova
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 38% 38.8%
2023 16.6% 39.6% 38.8% 34.9%
2022 17.3% 40.1% 36.6% 35%
2021 18.1% 41.1% 34.6% 33.6%
2020 18.4% 39.7% 36.7% 36.6%
2019 16.4% 30.6% 32% 28.8%
2018 16.6% 30.4% 31.5% 31.8%
2017 16.4% 29.4% 31% 34.9%
2016 16.9% 28% 30.5% 39.7%
2015 17.6% 27% 31.7% 42.1%
2014 18.4% 24.6% 33.8% 35.4%
2013 18.8% 24.9% 32.4% 30%
2012 18.8% 23% 33.7% 31.3%
2011 17.7% 23.1% 32.6% 24.2%
2010 16.9% 26.4% 34.1% 25.5%
2009 17% 26.5% 45.3% 32.6%
2008 19.4% 30.3% 41.5% 22.2%
2007 18.7% 38.1% 42.7% 28.3%
2006 18.4% 35.8% 40.3% 35%
2005 17.4% 42.6% 37.1% 40.4%
2004 17.8% 51.3% 34.8% 49.3%
2003 18.2% 55.6% 33.5% 68.1%
2002 16.9% 62.3% 30.7% 80.3%
2001 19.5% 73.7% 29.5% 85.4%
2000 15.3% 87.4% 34% 89.1%
1999 15.1% 95.9% 33% 150.7%
1998 15.1% 72.5% 39.1% 159.4%
1997 15.2% 26.4% 46% 89%
1996 11.5% 27.5% 43.3% 87.5%
1995 11.9% 32% 42% 79.5%
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/moldova | CC BY

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 38.8% in Moldova, ranking 132/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Moldova
1x
Year Deficit/surplus, % of GDP
Indonesia Moldova
2024 -2.3% -3.88%
2023 -1.64% -5.13%
2022 -2.31% -3.24%
2021 -4.4% -2.62%
2020 -6.07% -5.32%
2019 -2.09% -1.47%
2018 -1.69% -0.85%
2017 -2.26% -0.65%
2016 -2.56% -1.56%
2015 -2.72% -1.93%
2014 -1.8% -1.6%
2013 -1.96% -1.57%
2012 -1.59% -1.93%
2011 -0.7% -2.05%
2010 -1.24% -2.18%
2009 -1.64% -6.38%
2008 0.05% -0.87%
2007 -0.95% 0.15%
2006 0.45% -0.42%
2005 0.46% 1.44%
2004 -0.26% 0.59%
2003 -1.08% 0.47%
2002 -0.58% -1.18%
2001 -1.76% -0.34%
2000 -1.87% -3.55%
1999 -0.96% -2.64%
1998 -1.89% -1.52%
1997 -1.03% -7.47%
1996 0.96% -7.42%
1995 0.64% -2.58%
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/moldova | 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 Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Indonesia recorded a fiscal deficit in 25 of those years, while Moldova ran a deficit in 26 years. On average, Indonesia posted an annual deficit equal to 1.49% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Indonesia

Moldova
1x
Year Consumer prices inflation
Indonesia Moldova
2024 2.18% 4.68%
2023 3.67% 13.4%
2022 4.21% 28.7%
2021 1.56% 5.11%
2020 1.92% 3.77%
2019 3.03% 4.84%
2018 3.2% 3.05%
2017 3.81% 6.57%
2016 3.53% 6.36%
2015 6.36% 9.68%
2014 6.39% 5.09%
2013 6.41% 4.6%
2012 4.28% 4.55%
2011 5.36% 7.69%
2010 5.13% 7.48%
2009 4.39% -0.06%
2008 10.2% 12.8%
2007 6.41% 12.4%
2006 13.1% 12.8%
2005 10.5% 12%
2004 6.06% 12.5%
2003 6.76% 11.7%
2002 11.9% 5.3%
2001 11.5% 9.76%
2000 3.69% 31.3%
1999 20.5% 39.3%
1998 58.5% 7.7%
1997 6.23% 11.8%

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

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 10.5% in Moldova. In 2024, inflation was 2.18% in Indonesia and 4.68% in Moldova.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $682K
Machinery & equipment $376K
Animal & marine products $151K
Raw agricultural goods $71K
Precious metals & jewellery $65K
Raw materials & minerals $55K
Wood & paper products $51K
Chemicals & pharma $34K
Metals $4K
Miscellaneous $1K
Moldova
Export category Export value
Raw agricultural goods $3.16M
Chemicals & pharma $50K
Processed food, beverages & tobacco $36K
Textiles & consumer goods $2K
Wood & paper products $1K

Balance of trade

Indonesia Moldova
Current account balance
-$8.72B
2024
-$3.01B
2024
Current account balance ranking
174/190
2024
156/190
2024
Current account balance, % of GDP
-0.62%
2024
-16.6%
2024
Goods imports
$223B
2024
$8.63B
2024
Goods exports
$263B
2024
$3.01B
2024
Service imports
$57.6B
2024
$1.8B
2024
Service exports
$39B
2024
$2.73B
2024
Imports of goods and services, % of GDP
20.4%
2024
57.3%
2024
Exports of goods and services, % of GDP
22.2%
2024
31.4%
2024

Economic freedom indices

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

Indonesia Moldova
Economic freedom 65.1 58.1
Economic freedom ranking 67/197 112/197
Property rights 39.7 40.4
Government integrity 42 45.1
Judicial effectiveness 43.1 32.4
Tax burden 81.5 87.9
Government spending 91.4 57.2
Fiscal health 89.8 70.3
Business freedom 69.2 68.3
Labor freedom 56.8 48.1
Monetary freedom 79.4 66
Trade freedom 78.6 76.8
Investment freedom 50 55
Financial freedom 60 50

Economic freedom comparison by year

Indonesia
Moldova
1x
Year Economic freedom index
Indonesia Moldova
2026 65.1 58.1
2025 65.2 58.3
2024 63.5 57.1
2023 63.5 58.5
2022 64.4 61.3
2021 66.9 62.5
2020 67.2 62
2019 65.8 59.1
2018 64.2 58.4
2017 61.9 58
2016 59.4 57.4
2015 58.1 57.5
2014 58.5 57.3
2013 56.9 55.5
2012 56.4 54.4
2011 56 55.7
2010 55.5 53.7
2009 53.4 54.9
2008 53.2 57.9
2007 53.2 58.7
2006 51.9 58
2005 52.9 57.4
2004 52.1 57.1
2003 55.8 60
2002 54.8 57.4
2001 52.5 54.9
2000 55.2 59.6
1999 61.5 56.1
1998 63.4 53.5
1997 62 48.9
1996 61 52.5
1995 54.9 33

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Moldova
Services, % of GDP
43.8%
2024
62.3%
2024
Industry, % of GDP
39.3%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
7.11%
2024
GNI, Atlas method
$1.39T
2024
$16.5B
2024
GNI per capita, PPP
$16,010
2024
$18,710
2024
Total reserves including gold
$156B
2024
$5.48B
2024
Total reserves ranking
20/177
2024
96/177
2024
Net foreign direct investment
-$15.9B
2024
-$360M
2024
Net inflows of foreign direct investment
$24.2B
2024
$458M
2024
Net outflows of foreign direct investment
$8.39B
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
6.22%
2024
Poverty at national poverty lines
9%
2024
31.6%
2023
Gross capital formation, % of GDP
31.4%
2024
21.1%
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/moldova | CC BY

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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 (2021–2024, 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.