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Economy of Indonesia vs Pakistan compared: GDP & Debt

Updated on by Georank

Indonesia has a GDP of $1.45T compared to $407B for Pakistan, ranking 17/197 and 41/197 by economy size, respectively.

Indonesia has $593B in government debt (41% of GDP), compared to $297B (72.8% of GDP) in Pakistan.

Indonesia vs Pakistan GDP by year

Indonesia
Pakistan
1x
Year GDP, current $
Indonesia Pakistan
2025 $1,445,642,584,164 $407,307,214,476
2024 $1,396,301,788,462 $371,747,087,751
2023 $1,371,166,925,750 $336,686,348,609
2022 $1,319,101,183,380 $374,890,295,667
2021 $1,186,509,691,087 $348,516,647,445
2020 $1,059,054,842,698 $300,425,609,818
2019 $1,119,099,871,350 $320,909,472,771
2018 $1,042,271,532,989 $356,128,166,705
2017 $1,015,618,744,160 $339,205,534,861
2016 $931,877,364,038 $313,630,000,130
2015 $860,854,232,686 $299,963,590,535
2014 $890,814,755,534 $271,390,474,858
2013 $912,524,136,718 $258,657,231,672
2012 $917,869,913,333 $250,106,966,105
2011 $892,969,104,563 $230,586,581,060
2010 $755,094,157,622 $196,709,621,850
2009 $539,580,085,612 $187,337,783,856
2008 $510,228,634,992 $202,203,748,584
2007 $432,216,737,775 $184,140,869,997
2006 $364,570,515,618 $161,871,385,506
2005 $285,868,619,196 $145,208,562,961
2004 $256,836,875,295 $132,216,048,339
2003 $234,772,463,824 $112,371,913,741
2002 $195,660,611,165 $97,923,302,809
2001 $160,446,947,785 $97,145,618,480
2000 $165,021,012,078 $99,484,802,345
1999 $140,001,351,215 $62,973,857,069
1998 $95,445,547,873 $62,191,955,814
1997 $215,748,998,610 $62,433,340,468
1996 $227,369,679,375 $63,320,170,084
1995 $202,132,028,723 $60,636,071,684
1994 $176,892,143,932 $52,293,470,813
1993 $158,006,700,302 $51,809,999,353
1992 $128,026,966,580 $48,884,671,947
1991 $116,621,996,217 $45,625,336,680
1990 $106,140,727,334 $40,010,423,970
1989 $94,451,427,877 $40,171,106,279
1988 $84,300,174,486 $38,472,742,808
1987 $75,929,617,558 $33,351,529,275
1986 $79,954,072,545 $31,899,070,056
1985 $85,289,488,375 $31,144,920,844
1984 $84,853,700,028 $31,151,825,467
1983 $81,052,283,384 $28,691,889,764
1982 $90,158,449,295 $30,725,971,564
1981 $85,518,233,419 $28,100,606,061
1980 $72,482,337,397 $23,654,444,444
1979 $51,400,186,343 $19,688,383,838
1978 $51,455,719,076 $17,811,515,152
1977 $45,808,915,663 $15,126,060,606
1976 $37,269,156,627 $13,168,080,808
1975 $30,463,855,422 $11,230,606,061
1974 $25,802,409,639 $8,899,191,919
1973 $16,273,253,012 $6,383,429,490
1972 $10,997,590,361 $9,415,016,360
1971 $9,333,536,370 $10,665,896,682
1970 $9,150,684,932 $10,027,509,450
1969 $8,337,423,313 $8,683,116,338
1968 $7,076,465,300 $8,041,999,160
1967 $5,667,756,628 $7,464,510,710
1966 - $6,561,108,778
1965 - $5,929,231,415
1964 - $5,204,955,901
1963 - $4,630,827,383
1962 - $4,310,163,797
1961 - $4,118,647,627
1960 - $3,749,265,015

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Indonesia vs Pakistan by year

Indonesia
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,060 - $1,596 -
2024 $4,925 $16,448 $1,479 $6,252
2023 $4,876 $15,416 $1,360 $6,014
2022 $4,731 $14,285 $1,538 $5,920
2021 $4,287 $12,757 $1,455 $5,367
2020 $3,854 $11,729 $1,278 $5,048
2019 $4,107 $11,986 $1,390 $5,038
2018 $3,861 $11,372 $1,569 $4,979
2017 $3,799 $10,688 $1,519 $4,790
2016 $3,521 $10,263 $1,425 $4,631
2015 $3,288 $10,028 $1,380 $4,480
2014 $3,441 $10,065 $1,267 $4,313
2013 $3,567 $9,866 $1,225 $4,174
2012 $3,632 $9,530 $1,204 $4,047
2011 $3,579 $8,937 $1,132 $3,880
2010 $3,066 $8,353 $987 $3,786
2009 $2,218 $7,868 $964 $3,777
2008 $2,125 $7,569 $1,067 $3,721
2007 $1,823 $7,096 $998 $3,672
2006 $1,558 $6,583 $901 $3,515
2005 $1,238 $6,134 $828 $3,293
2004 $1,127 $5,700 $772 $3,048
2003 $1,043 $5,353 $672 $2,822
2002 $881 $5,076 $600 $2,688
2001 $732 $4,849 $610 $2,644
2000 $764 $4,639 $642 $2,565
1999 $657 $4,386 $418 $2,475
1998 $455 $4,356 $424 $2,419
1997 $1,045 $5,037 $438 $2,398
1996 $1,119 $4,807 $457 $2,401
1995 $1,011 $4,451 $451 $2,315
1994 $900 $4,096 $400 $2,224
1993 $817 $3,793 $408 $2,160
1992 $674 $3,538 $396 $2,132
1991 $624 $3,305 $380 $1,992
1990 $578 $3,044 $344 $1,895
1989 $524 - $358 -
1988 $477 - $354 -
1987 $438 - $317 -
1986 $470 - $314 -
1985 $511 - $317 -
1984 $520 - $327 -
1983 $508 - $311 -
1982 $578 - $345 -
1981 $561 - $328 -
1980 $487 - $287.4 -
1979 $353 - $249.2 -
1978 $362 - $233.4 -
1977 $331 - $204.7 -
1976 $275.7 - $183.9 -
1975 $231.1 - $161.7 -
1974 $200.7 - $132 -
1973 $129.9 - $97.5 -
1972 $90.1 - $148.1 -
1971 $78.5 - $172.5 -
1970 $79.1 - $166.7 -
1969 $74.1 - $148.5 -
1968 $64.7 - $141.6 -
1967 $53.2 - $135.2 -
1966 - - $122.2 -
1965 - - $113.6 -
1964 - - $102.5 -
1963 - - $93.7 -
1962 - - $89.5 -
1961 - - $87.8 -
1960 - - $82 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Indonesia's GDP per capita is $5,060, ranking 123/197, compared to $1,596 in Pakistan, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Pakistan ranks 150th at $6,252.

Economic indicators

Indonesia Pakistan
Gross domestic product
$1.45T
2025
$407B
2025
GDP rank
17/197
2025
41/197
2025
GDP growth
5.11%
2024-2025
3.7%
2024-2025
GDP per capita
$5,060
2025
$1,596
2025
GDP per capita rank
123/197
2025
164/197
2025
GDP per capita, PPP
$16,448
2024
$6,252
2024
GDP per capita PPP rank
107/197
2024
150/197
2024
Government debt
$593B
2025
$297B
2025
Debt-to-GDP ratio
41%
2025
72.8%
2025
Government debt per person
$2,076
2025
$1,162
2025
Government debt per person rank
119/185
2025
138/185
2025
Average annual personal income after taxes
$3,470
2026
$1,775
2026
Market capitalization of domestic companies
$950B
2025
$70.3B
2025
Number of millionaires
178,605
2024
n/a
Number of billionaires
33
2026
n/a
Income share by richest 10%
28.7%
2025
27.7%
2024
Income share by poorest 10%
3.5%
2025
3.4%
2024
Government expenditure, % of GDP
16.2%
2025
21.2%
2025
Consumer prices inflation
1.91%
2024-2025
3.55%
2024-2025
Central bank interest rate
5.5%
2026
11.5%
2026
Unemployment rate
3.31%
2023
6.96%
2025
Population
289027659
261421997

Spending and national debt comparison by year

Indonesia
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Indonesia Pakistan
Government spending Government debt Government spending Government debt
2025 16.2% 41% 21.2% 72.8%
2024 16.9% 40.2% 19.4% 70.2%
2023 16.6% 39.6% 19.3% 78.5%
2022 17.3% 40.1% 20% 77.3%
2021 18.1% 41.1% 18.5% 74.7%
2020 18.4% 39.7% 20.3% 80.8%
2019 16.4% 30.6% 19.1% 78.7%
2018 16.6% 30.4% 19.1% 66.3%
2017 16.4% 29.4% 19.1% 62.1%
2016 16.9% 28% 17.7% 62.1%
2015 17.6% 27% 17.8% 59.1%
2014 18.4% 24.6% 18.1% 58.8%
2013 18.8% 24.9% 19.5% 59.2%
2012 18.8% 23% 19.4% 58.4%
2011 17.7% 23.1% 17.9% 56.2%
2010 16.9% 26.4% 18.3% 56.7%
2009 17% 26.5% 17.3% 54.6%
2008 19.4% 30.3% 18% 49.5%
2007 18.7% 38.1% 16.1% 44.2%
2006 18.4% 35.8% 14.5% 46.2%
2005 17.4% 42.6% 13% 47.9%
2004 17.8% 51.3% 12.1% 50.6%
2003 18.2% 55.6% 12.9% 56.3%
2002 16.9% 62.3% 14.4% 60.5%
2001 19.5% 73.7% 12.9% 65.1%
2000 15.3% 87.4% 13.8% 61.7%
1999 15.1% 95.9% 13.2% 60.7%
1998 15.1% 72.5% 14.1% 53.8%
1997 15.2% 26.4% 13.7% 52.8%
1996 11.5% 27.5% 15% 52.5%
1995 11.9% 32% 14% 52.3%
1994 13.5% 37% 14.5% 58.5%
1993 14.1% 40.4% 17% 57.9%
1992 16.8% 42.6% 22.6% 53.3%
1991 15% 39.2% 21.4% 55.8%
1990 15.8% 40.8% 23.9% 48.3%
1989 16.5% 42.5% 26.1% 46.6%
1988 17.3% 45.6% 27.9% 45%
1987 18% 49.7% 29.5% 44.4%
1986 20.9% 38.3% 27.6% 43.1%
1985 18.5% 28% 28.3% 37%
1984 16.1% 23.5% 25.4% 33.4%
1983 18.2% 23.1% 24.8% 33.6%
1982 18.8% 18.6% 24.5% 33.8%
1981 24.4% 16.4% 21.6% 29.7%
1980 22.1% 17.3% 22% 33.3%
1979 20.9% 22% 25.3% 36.8%
1978 20.1% 30.3% 25.5% 36.1%
1977 19.5% 27.7% 20.4% 36.4%
1976 21.8% 38.1% 21% 35.8%
1975 20.5% 36.7% 20.4% 32.1%
1974 17.3% 34.4% 15.3% 38%
1973 16.3% 43.1% 13.9% 43.4%
1972 15.7% 51.2% 13.5% 88.7%
1971 14.5% 50.5% 22.1% 33.2%
1970 13.8% 46.7% 23.6% 31.6%
1969 12.8% - 15.6% 29.1%
1968 8.82% - 13.7% 27.5%
1967 10.4% - 12.9% 25.9%
1966 9.18% - 12.2% 25.1%
1965 10.7% - 11.2% 22.7%
1964 9.55% - 12.1% 21.3%
1963 10.3% - 14.7% 19.2%
1962 7.89% - 11.8% 16.6%
1961 15.1% - 10.6% 19.6%
1960 14.4% - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08).

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

In 2025, Indonesia's government spending was $234B, accounting for 16.2% of its GDP, while Pakistan spent $86.4B, or 21.2% of GDP.

Debt-to-GDP ratio is 41% in Indonesia and 72.8% in Pakistan, ranking 130/185 and 53/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Pakistan
1x
Year Deficit/surplus, % of GDP
Indonesia Pakistan
2025 -2.92% -5.37%
2024 -2.28% -6.79%
2023 -1.64% -7.76%
2022 -2.31% -7.84%
2021 -4.4% -6.04%
2020 -6.07% -7.03%
2019 -2.09% -7.79%
2018 -1.69% -5.67%
2017 -2.26% -5.17%
2016 -2.56% -3.92%
2015 -2.72% -4.74%
2014 -1.8% -4.37%
2013 -1.96% -7.48%
2012 -1.59% -7.74%
2011 -0.7% -6.23%
2010 -1.24% -5.42%
2009 -1.64% -4.53%
2008 0.05% -5.94%
2007 -0.95% -4.23%
2006 0.45% -2.79%
2005 0.46% -2.29%
2004 -0.26% -1.29%
2003 -1.08% -0.12%
2002 -0.58% -2.64%
2001 -1.76% -2.45%
2000 -1.87% -3.21%
1999 -0.96% -3.07%
1998 -1.89% -4.46%
1997 -1.03% -3.87%
1996 0.96% -4.33%
1995 0.64% -3.9%
1994 0.005% -3.63%
1993 -0.59% -5.53%
1992 -1.54% -11.3%
1991 0.51% -10.8%
1990 0.97% -11.9%
1989 -1.72% -7.01%
1988 -2.68% -9.35%
1987 -0.9% -11.7%
1986 -2.94% -9.79%
1985 -0.45% -10.6%
1984 1.83% -8.9%
1983 -1% -7.55%
1982 -1.11% -8.24%
1981 -0.69% -5.83%
1980 -0.82% -5.32%
1979 -0.67% -11.6%
1978 -2.03% -12.4%
1977 -0.38% -8.74%
1976 -2.63% -9.05%
1975 -2.33% -8.97%
1974 -0.35% -4.45%
1973 -1.33% -3.99%
1972 -1.82% -3.16%
1971 -2.51% -7.45%
1970 -3.02% -10.8%
1969 -2.8% -7.08%
1968 0% -5.56%
1967 -0.35% -4.27%
1966 -5.06% -4.48%
1965 -6.62% -3.28%
1964 -5.58% -4.89%
1963 -5.24% -6.55%
1962 -3.1% -3.39%
1961 -4.57% -4.6%
1960 -1.65% -3.83%
1959 -4.06% -3.71%
1958 -6.67% -4.2%
1957 -2.92% -2.21%
1956 -1.38% -2.36%
1955 -1.6% -2%
1954 -3.16% -3.18%
1953 -2.33% -2.66%
1952 -3.66% -0.73%
1951 1.52% 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Indonesia's government deficit, the difference between spending and revenue, was $42.2B, equivalent to 2.92% of GDP. This compares to Pakistan's deficit of $21.9B, or 5.37% of GDP.

Over the past 59 years, Indonesia recorded a fiscal deficit in 49 of those years, while Pakistan ran a deficit in 59 years. On average, Indonesia posted an annual deficit equal to 1.34% of GDP, compared to deficit of 6.33% of GDP for Pakistan.

Inflation comparison by year

Inflation
Indonesia

Pakistan
1x
Year Consumer prices inflation
Indonesia Pakistan
2025 1.91% 3.55%
2024 2.18% 12.6%
2023 3.67% 30.8%
2022 4.21% 19.9%
2021 1.56% 9.5%
2020 1.92% 9.74%
2019 3.03% 10.6%
2018 3.2% 5.08%
2017 3.81% 4.09%
2016 3.53% 3.77%
2015 6.36% 2.53%
2014 6.39% 7.19%
2013 6.41% 7.69%
2012 4.28% 9.68%
2011 5.36% 11.9%
2010 5.13% 12.9%
2009 4.39% 13.6%
2008 10.2% 20.3%
2007 6.41% 7.6%
2006 13.1% 7.92%
2005 10.5% 9.06%
2004 6.06% 7.44%
2003 6.76% 2.91%
2002 11.9% 3.29%
2001 11.5% 3.15%
2000 3.69% 4.37%
1999 20.5% 4.14%
1998 58.5% 6.23%
1997 6.23% 11.4%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Indonesia has recorded an average annual inflation rate of 8.02%, compared with 9.07% in Pakistan. In 2025, inflation was 1.91% in Indonesia and 3.55% in Pakistan.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $3.38B
Textiles & consumer goods $191M
Chemicals & pharma $173M
Machinery & equipment $111M
Raw materials & minerals $75M
Wood & paper products $73.9M
Raw agricultural goods $59.7M
Miscellaneous $24.7M
Metals $21.5M
Animal & marine products $87K
Pakistan
Export category Export value
Raw agricultural goods $29.6M
Processed food, beverages & tobacco $22M
Textiles & consumer goods $20.1M
Animal & marine products $15.9M
Raw materials & minerals $12.8M
Machinery & equipment $4.74M
Chemicals & pharma $2.67M
Metals $1.26M
Wood & paper products $176K
Precious metals & jewellery $26K

Balance of trade

Indonesia Pakistan
Current account balance
-$1.52B
2025
-$448M
2025
Current account balance ranking
129/190
2025
102/190
2025
Current account balance, % of GDP
-0.11%
2025
-0.11%
2025
Goods imports
$231B
2025
$62.6B
2025
Goods exports
$280B
2025
$31.5B
2025
Service imports
$63B
2025
$12B
2025
Service exports
$42.5B
2025
$9.09B
2025
Imports of goods and services, % of GDP
20.5%
2025
17.2%
2025
Exports of goods and services, % of GDP
22.8%
2025
9.99%
2025

Economic freedom indices

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

Indonesia Pakistan
Economic freedom 65.1 48.9
Economic freedom ranking 67/197 168/197
Property rights 39.7 25.7
Government integrity 42 26.3
Judicial effectiveness 43.1 27.6
Tax burden 81.5 78.2
Government spending 91.4 88.5
Fiscal health 89.8 10.1
Business freedom 69.2 54.4
Labor freedom 56.8 51.7
Monetary freedom 79.4 54.1
Trade freedom 78.6 70.4
Investment freedom 50 60
Financial freedom 60 40

Economic freedom comparison by year

Indonesia
Pakistan
1x
Year Economic freedom index
Indonesia Pakistan
2026 65.1 48.9
2025 65.2 49.1
2024 63.5 49.5
2023 63.5 49.4
2022 64.4 48.8
2021 66.9 51.7
2020 67.2 54.8
2019 65.8 55
2018 64.2 54.4
2017 61.9 52.8
2016 59.4 55.9
2015 58.1 55.6
2014 58.5 55.2
2013 56.9 55.1
2012 56.4 54.7
2011 56 55.1
2010 55.5 55.2
2009 53.4 57
2008 53.2 55.6
2007 53.2 57.2
2006 51.9 57.9
2005 52.9 53.3
2004 52.1 54.9
2003 55.8 55
2002 54.8 55.8
2001 52.5 56
2000 55.2 56.4
1999 61.5 53
1998 63.4 53.2
1997 62 56
1996 61 58.4
1995 54.9 57.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Pakistan
Services, % of GDP
43.9%
2025
50.9%
2025
Industry, % of GDP
38.7%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
13.1%
2025
23%
2025
GNI, Atlas method
$1.46T
2025
$382B
2025
GNI per capita, PPP
$17,190
2025
$6,430
2025
Total reserves including gold
$157B
2025
$26.5B
2025
Total reserves ranking
22/177
2025
62/177
2025
Net foreign direct investment
-$14.4B
2025
-$1.58B
2025
Net inflows of foreign direct investment
$24.3B
2024
$2.66B
2024
Net outflows of foreign direct investment
$8.39B
2024
$84M
2024
Servicing debt to the IMF, % of GNI
5.64%
2024
4.5%
2024
Poverty at national poverty lines
9%
2024
21.9%
2018
Gross capital formation, % of GDP
30.6%
2025
14.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.