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Economy of Indonesia vs North Korea compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $34.9B for North Korea, ranking 16/197 and 106/197 by economy size, respectively.

Indonesia vs North Korea GDP by year

Indonesia
North Korea
1x
Year GDP, current $
Indonesia North Korea
2024 $1,396,300,098,191 $34,943,120,000
2023 $1,371,169,301,564 $32,155,360,000
2022 $1,319,101,183,380 $28,971,360,000
2021 $1,186,509,691,087 $32,301,720,000
2020 $1,059,054,842,698 $27,728,240,000
2019 $1,119,099,871,350 $28,222,880,000
2018 $1,042,271,532,989 $28,536,400,000
2017 $1,015,618,744,160 $29,105,440,000
2016 $931,877,364,038 $28,882,640,000
2015 $860,854,232,686 $30,723,030,000
2014 $890,814,755,534 $30,554,460,000
2013 $912,524,136,718 $30,588,922,000
2012 $917,869,913,333 $29,890,710,000
2011 $892,969,104,563 $29,005,020,000
2010 $755,094,157,622 $25,995,513,000
2009 $539,580,085,612 $23,356,470,000
2008 $510,228,634,992 -
2007 $432,216,737,775 -
2006 $364,570,515,618 -
2005 $285,868,619,196 -
2004 $256,836,875,295 -
2003 $234,772,463,824 -
2002 $195,660,611,165 -
2001 $160,446,947,785 -
2000 $165,021,012,078 -
1999 $140,001,351,215 -
1998 $95,445,547,873 -
1997 $215,748,998,610 -
1996 $227,369,679,375 -
1995 $202,132,028,723 -
1994 $176,892,143,932 -
1993 $158,006,700,302 -
1992 $128,026,966,580 -
1991 $116,621,996,217 -
1990 $106,140,727,334 -
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/north-korea | CC BY

GDP per capita in Indonesia vs North Korea by year

Indonesia
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $1,319 -
2023 $4,876 $15,416 $1,217 -
2022 $4,731 $14,285 $1,100 -
2021 $4,287 $12,757 $1,231 -
2020 $3,854 $11,729 $1,061 -
2019 $4,107 $11,986 $1,084 -
2018 $3,861 $11,372 $1,100 -
2017 $3,799 $10,688 $1,127 -
2016 $3,521 $10,263 $1,124 -
2015 $3,288 $10,028 $1,201 $1,700
2014 $3,441 $10,065 $1,201 $1,800
2013 $3,567 $9,866 $1,208 -
2012 $3,632 $9,530 $1,186 -
2011 $3,579 $8,937 $1,156 $1,800
2010 $3,066 $8,353 $1,040 -
2009 $2,218 $7,868 $939 $1,800
2008 $2,125 $7,569 - $1,800
2007 $1,823 $7,096 - $1,700
2006 $1,558 $6,583 - $1,800
2005 $1,238 $6,134 - $1,700
2004 $1,127 $5,700 - $1,700
2003 $1,043 $5,353 - $1,300
2002 $881 $5,076 - $1,000
2001 $732 $4,849 - -
2000 $764 $4,639 - $1,000
1999 $657 $4,386 - $1,000
1998 $455 $4,356 - -
1997 $1,045 $5,037 - -
1996 $1,119 $4,807 - -
1995 $1,011 $4,451 - -
1994 $900 $4,096 - -
1993 $817 $3,793 - -
1992 $674 $3,538 - -
1991 $624 $3,305 - -
1990 $578 $3,044 - -
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); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/indonesia/north-korea | CC BY

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while North Korea ranks 193rd at $1,700.

Economic indicators

Indonesia North Korea
Gross domestic product
$1.4T
2024
$34.9B
2024
GDP rank
16/197
2024
106/197
2024
GDP growth
5.03%
2023-2024
n/a
GDP per capita
$4,925
2024
$1,319
2024
GDP per capita rank
121/197
2024
168/197
2024
GDP per capita, PPP
$16,448
2024
$1,700
2015
GDP per capita PPP rank
107/197
2024
193/197
2015
Government debt
$561B
2024
n/a
Debt-to-GDP ratio
40.2%
2024
n/a
Government debt per person
$1,978
2024
n/a
Government debt per person rank
120/185
2024
n/a
Average annual personal income after taxes
$3,371
2026
$1,426
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
n/a
Income share by poorest 10%
3.5%
2024
n/a
Government expenditure, % of GDP
16.8%
2024
n/a
Consumer prices inflation
2.18%
2023-2024
n/a
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
25.6%
2013
Population
288551776
26659144

Top exports between countries

Indonesia
Export category Export value
Chemicals & pharma $74K
Machinery & equipment $58K
Animal & marine products $3K
Textiles & consumer goods $1K
North Korea
Export category Export value
Textiles & consumer goods $906K
Machinery & equipment $902K
Metals $446K
Chemicals & pharma $404K
Animal & marine products $100K
Wood & paper products $33K
Processed food, beverages & tobacco $28K
Miscellaneous $19K
Raw agricultural goods $4K
Raw materials & minerals $1K

Balance of trade

Indonesia North Korea
Current account balance
-$8.72B
2024
n/a
Current account balance ranking
174/190
2024
n/a
Current account balance, % of GDP
-0.62%
2024
n/a
Goods imports
$223B
2024
n/a
Goods exports
$263B
2024
n/a
Service imports
$57.6B
2024
n/a
Service exports
$39B
2024
n/a
Imports of goods and services, % of GDP
20.4%
2024
n/a
Exports of goods and services, % of GDP
22.2%
2024
n/a

Economic freedom indices

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

Indonesia North Korea
Economic freedom 65.1 3.1
Economic freedom ranking 67/197 197/197
Property rights 39.7 16.3
Government integrity 42 4.3
Judicial effectiveness 43.1 6.3
Tax burden 81.5 0
Government spending 91.4 0
Fiscal health 89.8 0
Business freedom 69.2 5
Labor freedom 56.8 5
Monetary freedom 79.4 0
Trade freedom 78.6 0
Investment freedom 50 0
Financial freedom 60 0

Economic freedom comparison by year

Indonesia
North Korea
1x
Year Economic freedom index
Indonesia North Korea
2026 65.1 3.1
2025 65.2 3
2024 63.5 2.9
2023 63.5 2.9
2022 64.4 3
2021 66.9 5.2
2020 67.2 4.2
2019 65.8 5.9
2018 64.2 5.8
2017 61.9 4.9
2016 59.4 2.3
2015 58.1 1.3
2014 58.5 1
2013 56.9 1.5
2012 56.4 1
2011 56 1
2010 55.5 1
2009 53.4 2
2008 53.2 3
2007 53.2 3
2006 51.9 4
2005 52.9 8
2004 52.1 8.9
2003 55.8 8.9
2002 54.8 8.9
2001 52.5 8.9
2000 55.2 8.9
1999 61.5 8.9
1998 63.4 8.9
1997 62 8.9
1996 61 8.9
1995 54.9 8.9

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

GeoRank.org/economy/indonesia/north-korea | CC BY

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia North Korea
Services, % of GDP
43.8%
2024
n/a
Industry, % of GDP
39.3%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
n/a
GNI, Atlas method
$1.39T
2024
n/a
GNI per capita, PPP
$16,010
2024
n/a
Total reserves including gold
$156B
2024
n/a
Total reserves ranking
20/177
2024
n/a
Net foreign direct investment
-$15.9B
2024
n/a
Net inflows of foreign direct investment
$24.2B
2024
$203K
1989
Net outflows of foreign direct investment
$8.39B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
n/a
Poverty at national poverty lines
9%
2024
n/a
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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.