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Economy of Indonesia vs Myanmar compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $74.1B for Myanmar, ranking 16/197 and 85/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Indonesia vs Myanmar GDP by year

Indonesia
Myanmar
1x
Year GDP, current $
Indonesia Myanmar
2024 $1,396,300,098,191 $74,068,349,524
2023 $1,371,169,301,564 $66,757,619,000
2022 $1,319,101,183,380 $62,253,049,903
2021 $1,186,509,691,087 $66,345,291,149
2020 $1,059,054,842,698 $79,006,113,670
2019 $1,119,099,871,350 $75,065,106,243
2018 $1,042,271,532,989 $67,860,515,993
2017 $1,015,618,744,160 $66,053,040,475
2016 $931,877,364,038 $63,298,361,984
2015 $860,854,232,686 $59,607,290,408
2014 $890,814,755,534 $65,531,374,210
2013 $912,524,136,718 $60,269,732,855
2012 $917,869,913,333 $59,937,796,648
2011 $892,969,104,563 $59,977,326,086
2010 $755,094,157,622 $49,540,813,342
2009 $539,580,085,612 $36,906,181,381
2008 $510,228,634,992 $31,862,554,102
2007 $432,216,737,775 $20,182,477,481
2006 $364,570,515,618 $14,502,553,710
2005 $285,868,619,196 $11,986,972,419
2004 $256,836,875,295 $10,567,354,056
2003 $234,772,463,824 $10,467,109,978
2002 $195,660,611,165 $6,777,632,512
2001 $160,446,947,785 $6,477,790,688
2000 $165,021,012,078 $8,905,066,164
1999 $140,001,351,215 $8,486,832,801
1998 $95,445,547,873 $6,459,461,639
1997 $215,748,998,610 $4,722,288,496
1996 $227,369,679,375 $6,123,556,717
1995 $202,132,028,723 $5,289,174,943
1994 $176,892,143,932 $4,432,257,174
1993 $158,006,700,302 $3,163,020,035
1992 $128,026,966,580 $2,411,552,289
1991 $116,621,996,217 $2,069,832,687
1990 $106,140,727,334 $2,115,193,513
1989 $94,451,427,877 $2,013,448,229
1988 $84,300,174,486 $1,541,088,312
1987 $75,929,617,558 $1,562,448,077
1986 $79,954,072,545 $1,582,873,750
1985 $85,289,488,375 $1,478,908,173
1984 $84,853,700,028 $1,304,063,253
1983 $81,052,283,384 $1,381,573,615
1982 $90,158,449,295 $1,481,165,468
1981 $85,518,233,419 $1,111,000,765
1980 $72,482,337,397 $1,038,225,167
1979 $51,400,186,343 $952,265,043
1978 $51,455,719,076 $935,408,775
1977 $45,808,915,663 $873,579,932
1976 $37,269,156,627 $1,204,699,849
1975 $30,463,855,422 $1,061,107,354
1974 $25,802,409,639 $1,225,589,878
1973 $16,273,253,012 $719,754,655
1972 $10,997,590,361 $662,213,083
1971 $9,333,536,370 $587,448,405
1970 $9,150,684,932 $563,555,631
1969 $8,337,423,313 $571,854,215
1968 $7,076,465,300 $559,956,130
1967 $5,667,756,628 $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Indonesia vs Myanmar by year

Indonesia
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $1,359 $5,997
2023 $4,876 $15,416 $1,233 $5,953
2022 $4,731 $14,285 $1,158 $5,732
2021 $4,287 $12,757 $1,243 $5,178
2020 $3,854 $11,729 $1,490 $5,741
2019 $4,107 $11,986 $1,426 $6,101
2018 $3,861 $11,372 $1,298 $5,581
2017 $3,799 $10,688 $1,273 $4,706
2016 $3,521 $10,263 $1,229 $4,460
2015 $3,288 $10,028 $1,167 $4,459
2014 $3,441 $10,065 $1,293 $4,376
2013 $3,567 $9,866 $1,199 $4,144
2012 $3,632 $9,530 $1,203 $3,845
2011 $3,579 $8,937 $1,214 $3,579
2010 $3,066 $8,353 $1,011 $3,348
2009 $2,218 $7,868 $758 $3,040
2008 $2,125 $7,569 $658 $2,748
2007 $1,823 $7,096 $419 $2,459
2006 $1,558 $6,583 $303 $2,153
2005 $1,238 $6,134 $252.7 $1,860
2004 $1,127 $5,700 $224.5 $1,601
2003 $1,043 $5,353 $224.3 $1,385
2002 $881 $5,076 $146.6 $1,204
2001 $732 $4,849 $141.5 $1,069
2000 $764 $4,639 $196.6 $949
1999 $657 $4,386 $189.5 $825
1998 $455 $4,356 $146 $742
1997 $1,045 $5,037 $108 $702
1996 $1,119 $4,807 $141.9 $661
1995 $1,011 $4,451 $124.1 $618
1994 $900 $4,096 $105.4 $573
1993 $817 $3,793 $76.2 $529
1992 $674 $3,538 $58.9 $494
1991 $624 $3,305 $51.2 $447
1990 $578 $3,044 $53.1 $441
1989 $524 - $51.3 -
1988 $477 - $39.9 -
1987 $438 - $41.1 -
1986 $470 - $42.4 -
1985 $511 - $40.4 -
1984 $520 - $36.3 -
1983 $508 - $39.3 -
1982 $578 - $43 -
1981 $561 - $32.8 -
1980 $487 - $31.2 -
1979 $353 - $29.2 -
1978 $362 - $29.3 -
1977 $331 - $27.9 -
1976 $275.7 - $39.2 -
1975 $231.1 - $35.2 -
1974 $200.7 - $41.4 -
1973 $129.9 - $24.8 -
1972 $90.1 - $23.3 -
1971 $78.5 - $21.1 -
1970 $79.1 - $20.7 -
1969 $74.1 - $21.5 -
1968 $64.7 - $21.5 -
1967 $53.2 - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Myanmar ranks 153rd at $5,997.

Economic indicators

Indonesia Myanmar
Gross domestic product
$1.4T
2024
$74.1B
2024
GDP rank
16/197
2024
85/197
2024
GDP growth
5.03%
2023-2024
-0.97%
2023-2024
GDP per capita
$4,925
2024
$1,359
2024
GDP per capita rank
121/197
2024
165/197
2024
GDP per capita, PPP
$16,448
2024
$5,997
2024
GDP per capita PPP rank
107/197
2024
153/197
2024
Government debt
$561B
2024
$44B
2024
Debt-to-GDP ratio
40.2%
2024
59.3%
2024
Government debt per person
$1,978
2024
$806
2024
Government debt per person rank
120/185
2024
150/185
2024
Average annual personal income after taxes
$3,371
2026
$1,646
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
25.5%
2017
Income share by poorest 10%
3.5%
2024
3.8%
2017
Government expenditure, % of GDP
16.8%
2024
20.7%
2024
Consumer prices inflation
2.18%
2023-2024
8.83%
2018-2019
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
1.48%
2020
Population
288551776
55292116

Spending and national debt comparison by year

Indonesia
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Indonesia Myanmar
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 20.7% 59.3%
2023 16.6% 39.6% 21.4% 59.1%
2022 17.3% 40.1% 21.3% 56.1%
2021 18.1% 41.1% 20.9% 63.4%
2020 18.4% 39.7% 21.3% 49.1%
2019 16.4% 30.6% 20.5% 37.6%
2018 16.6% 30.4% 18.7% 39.9%
2017 16.4% 29.4% 19.7% 41.9%
2016 16.9% 28% 21.3% 35.7%
2015 17.6% 27% 23.7% 36.6%
2014 18.4% 24.6% 24.7% 34.5%
2013 18.8% 24.9% 23.9% 44.8%
2012 18.8% 23% 20% 48%
2011 17.7% 23.1% 15.6% 49.9%
2010 16.9% 26.4% 15.8% 54.4%
2009 17% 26.5% 14.4% 56.4%
2008 19.4% 30.3% 14.4% 59.8%
2007 18.7% 38.1% 15.7% 77.4%
2006 18.4% 35.8% 15.6% 103.1%
2005 17.4% 42.6% 14.6% 119%
2004 17.8% 51.3% 14.6% 126.6%
2003 18.2% 55.6% 14.3% 146%
2002 16.9% 62.3% 15.3% 190.6%
2001 19.5% 73.7% 19.1% 262%
2000 15.3% 87.4% 21.4% 164.5%
1999 15.1% 95.9% 22.8% 150.7%
1998 15.1% 72.5% 25.2% 208.6%
1997 15.2% 26.4% - -
1996 11.5% 27.5% - -
1995 11.9% 32% - -
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/myanmar | CC BY

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 59.3% in Myanmar, ranking 132/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Myanmar
1x
Year Deficit/surplus, % of GDP
Indonesia Myanmar
2024 -2.3% -5.06%
2023 -1.64% -5.18%
2022 -2.31% -2.82%
2021 -4.4% -2.47%
2020 -6.07% -6.5%
2019 -2.09% -4.7%
2018 -1.69% -2.77%
2017 -2.26% -3.42%
2016 -2.56% -2.53%
2015 -2.72% -4.33%
2014 -1.8% -1.06%
2013 -1.96% -1.53%
2012 -1.59% -2.7%
2011 -0.7% -4.82%
2010 -1.24% -5.4%
2009 -1.64% -3.55%
2008 0.05% -2.73%
2007 -0.95% -3.52%
2006 0.45% -3.42%
2005 0.46% -3.49%
2004 -0.26% -4.62%
2003 -1.08% -4.24%
2002 -0.58% -4.01%
2001 -1.76% -6.34%
2000 -1.87% -6.03%
1999 -0.96% -4.46%
1998 -1.89% -4.89%
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Indonesia recorded a fiscal deficit in 24 of those years, while Myanmar ran a deficit in 27 years. On average, Indonesia posted an annual deficit equal to 1.68% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Indonesia

Myanmar
1x
Year Consumer prices inflation
Indonesia Myanmar
2024 2.18% -
2023 3.67% -
2022 4.21% -
2021 1.56% -
2020 1.92% -
2019 3.03% 8.83%
2018 3.2% 6.87%
2017 3.81% 4.57%
2016 3.53% 6.93%
2015 6.36% 9.45%
2014 6.39% 4.95%
2013 6.41% 5.64%
2012 4.28% 1.47%
2011 5.36% 5.02%
2010 5.13% 7.72%
2009 4.39% 1.47%
2008 10.2% 26.8%
2007 6.41% 35%
2006 13.1% 20%
2005 10.5% 9.37%
2004 6.06% 4.53%
2003 6.76% 36.6%
2002 11.9% 57.1%
2001 11.5% 21.1%
2000 3.69% -0.11%
1999 20.5% 18.4%
1998 58.5% 51.5%
1997 6.23% 29.7%

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

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

Over the past 23 years, Indonesia has recorded an average annual inflation rate of 9.44%, compared with 16.2% in Myanmar. In 2019, inflation was 2.18% in Indonesia and 8.83% in Myanmar.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $521M
Chemicals & pharma $21.2M
Wood & paper products $19.9M
Machinery & equipment $16.6M
Textiles & consumer goods $15.2M
Metals $6M
Raw materials & minerals $2.66M
Animal & marine products $1.35M
Raw agricultural goods $1.14M
Miscellaneous $634K
Myanmar
Export category Export value
Raw agricultural goods $464M
Machinery & equipment $34.7M
Metals $26.4M
Textiles & consumer goods $6.35M
Raw materials & minerals $4.9M
Processed food, beverages & tobacco $3.82M
Chemicals & pharma $670K
Animal & marine products $121K
Wood & paper products $46K
Miscellaneous $9K

Balance of trade

Indonesia Myanmar
Current account balance
-$8.72B
2024
$67.7M
2019
Current account balance ranking
174/190
2024
71/190
2019
Current account balance, % of GDP
-0.62%
2024
+0.09%
2019
Goods imports
$223B
2024
$13.7B
2019
Goods exports
$263B
2024
$10.8B
2019
Service imports
$57.6B
2024
$3.66B
2019
Service exports
$39B
2024
$6.68B
2019
Imports of goods and services, % of GDP
20.4%
2024
n/a
Exports of goods and services, % of GDP
22.2%
2024
24.3%
2025

Economic freedom indices

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

Indonesia Myanmar
Economic freedom 65.1 44.5
Economic freedom ranking 67/197 180/197
Property rights 39.7 5.7
Government integrity 42 18.1
Judicial effectiveness 43.1 3.9
Tax burden 81.5 88.6
Government spending 91.4 86.6
Fiscal health 89.8 62.7
Business freedom 69.2 37.9
Labor freedom 56.8 53.2
Monetary freedom 79.4 57.5
Trade freedom 78.6 69.4
Investment freedom 50 30
Financial freedom 60 20

Economic freedom comparison by year

Indonesia
Myanmar
1x
Year Economic freedom index
Indonesia Myanmar
2026 65.1 44.5
2025 65.2 43.7
2024 63.5 42.2
2023 63.5 46.5
2022 64.4 49.6
2021 66.9 55.2
2020 67.2 54
2019 65.8 53.6
2018 64.2 53.9
2017 61.9 52.5
2016 59.4 48.7
2015 58.1 46.9
2014 58.5 46.5
2013 56.9 39.2
2012 56.4 38.7
2011 56 37.8
2010 55.5 36.7
2009 53.4 37.7
2008 53.2 39.5
2007 53.2 41
2006 51.9 40
2005 52.9 40.5
2004 52.1 43.6
2003 55.8 44.9
2002 54.8 45.5
2001 52.5 46.1
2000 55.2 47.9
1999 61.5 46.4
1998 63.4 45.7
1997 62 45.4
1996 61 45.1
1995 54.9 -

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Myanmar
Services, % of GDP
43.8%
2024
41.4%
2024
Industry, % of GDP
39.3%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
20.8%
2024
GNI, Atlas method
$1.39T
2024
$65.9B
2024
GNI per capita, PPP
$16,010
2024
$5,890
2024
Total reserves including gold
$156B
2024
$9.34B
2023
Total reserves ranking
20/177
2024
81/177
2023
Net foreign direct investment
-$15.9B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$24.2B
2024
$1.1B
2024
Net outflows of foreign direct investment
$8.39B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
1.31%
2024
Poverty at national poverty lines
9%
2024
24.8%
2017
Gross capital formation, % of GDP
31.4%
2024
n/a

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/myanmar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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 (2023–2024, 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.