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Economy of Indonesia vs Romania compared: GDP & Debt

Updated on by Georank

Indonesia has a GDP of $1.45T compared to $429B for Romania, ranking 17/197 and 39/197 by economy size, respectively.

Indonesia has $593B in government debt (41% of GDP), compared to $260B (60.6% of GDP) in Romania.

Indonesia vs Romania GDP by year

Indonesia
Romania
1x
Year GDP, current $
Indonesia Romania
2025 $1,445,642,584,164 $428,677,977,855
2024 $1,396,301,788,462 $382,564,217,989
2023 $1,371,166,925,750 $347,757,995,759
2022 $1,319,101,183,380 $295,317,862,856
2021 $1,186,509,691,087 $285,072,444,957
2020 $1,059,054,842,698 $250,624,575,872
2019 $1,119,099,871,350 $250,080,428,512
2018 $1,042,271,532,989 $241,791,427,224
2017 $1,015,618,744,160 $210,147,385,855
2016 $931,877,364,038 $185,290,759,249
2015 $860,854,232,686 $177,885,131,240
2014 $890,814,755,534 $199,722,319,676
2013 $912,524,136,718 $189,798,603,751
2012 $917,869,913,333 $179,117,323,107
2011 $892,969,104,563 $192,623,977,894
2010 $755,094,157,622 $170,064,350,672
2009 $539,580,085,612 $174,110,532,659
2008 $510,228,634,992 $214,315,932,061
2007 $432,216,737,775 $174,588,782,939
2006 $364,570,515,618 $122,023,735,993
2005 $285,868,619,196 $98,454,380,120
2004 $256,836,875,295 $74,973,656,852
2003 $234,772,463,824 $57,806,384,143
2002 $195,660,611,165 $46,065,502,703
2001 $160,446,947,785 $40,395,116,581
2000 $165,021,012,078 $37,253,739,511
1999 $140,001,351,215 $35,953,156,754
1998 $95,445,547,873 $41,696,091,974
1997 $215,748,998,610 $35,575,214,078
1996 $227,369,679,375 $36,937,074,278
1995 $202,132,028,723 $37,430,162,103
1994 $176,892,143,932 $30,072,805,104
1993 $158,006,700,302 $26,361,160,450
1992 $128,026,966,580 $25,121,666,667
1991 $116,621,996,217 $28,850,634,900
1990 $106,140,727,334 $38,247,882,300
1989 $94,451,427,877 $41,450,777,202
1988 $84,300,174,486 $40,424,528,302
1987 $75,929,617,558 $38,067,567,568
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 (1967–2025, retrieved 2026-07-08).

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

GDP per capita in Indonesia vs Romania by year

Indonesia
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,060 - $22,538 -
2024 $4,925 $16,448 $20,080 $49,077
2023 $4,876 $15,416 $18,244 $45,982
2022 $4,731 $14,285 $15,503 $41,979
2021 $4,287 $12,757 $14,908 $37,534
2020 $3,854 $11,729 $13,009 $34,194
2019 $4,107 $11,986 $12,910 $33,425
2018 $3,861 $11,372 $12,416 $29,383
2017 $3,799 $10,688 $10,728 $26,943
2016 $3,521 $10,263 $9,405 $23,905
2015 $3,288 $10,028 $8,977 $21,625
2014 $3,441 $10,065 $10,032 $20,633
2013 $3,567 $9,866 $9,498 $19,678
2012 $3,632 $9,530 $8,930 $19,808
2011 $3,579 $8,937 $9,561 $18,804
2010 $3,066 $8,353 $8,400 $17,355
2009 $2,218 $7,868 $8,548 $16,641
2008 $2,125 $7,569 $10,435 $16,782
2007 $1,823 $7,096 $8,360 $13,703
2006 $1,558 $6,583 $5,758 $11,554
2005 $1,238 $6,134 $4,618 $9,602
2004 $1,127 $5,700 $3,495 $8,989
2003 $1,043 $5,353 $2,679 $7,559
2002 $881 $5,076 $2,120 $7,162
2001 $732 $4,849 $1,825 $6,520
2000 $764 $4,639 $1,660 $5,850
1999 $657 $4,386 $1,600 $5,596
1998 $455 $4,356 $1,853 $5,545
1997 $1,045 $5,037 $1,577 $5,564
1996 $1,119 $4,807 $1,633 $5,746
1995 $1,011 $4,451 $1,650 $5,429
1994 $900 $4,096 $1,323 $4,995
1993 $817 $3,793 $1,158 $4,699
1992 $674 $3,538 $1,102 $4,515
1991 $624 $3,305 $1,254 $4,795
1990 $578 $3,044 $1,648 $5,280
1989 $524 - $1,790 -
1988 $477 - $1,753 -
1987 $438 - $1,659 -
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 (1967–2025, retrieved 2026-07-08).

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

Indonesia's GDP per capita is $5,060, ranking 123/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Romania ranks 47th at $49,077.

Economic indicators

Indonesia Romania
Gross domestic product
$1.45T
2025
$429B
2025
GDP rank
17/197
2025
39/197
2025
GDP growth
5.11%
2024-2025
0.68%
2024-2025
GDP per capita
$5,060
2025
$22,538
2025
GDP per capita rank
123/197
2025
57/197
2025
GDP per capita, PPP
$16,448
2024
$49,077
2024
GDP per capita PPP rank
107/197
2024
47/197
2024
Government debt
$593B
2025
$260B
2025
Debt-to-GDP ratio
41%
2025
60.6%
2025
Government debt per person
$2,076
2025
$13,650
2025
Government debt per person rank
119/185
2025
48/185
2025
Average annual personal income after taxes
$3,470
2026
$13,510
2026
Market capitalization of domestic companies
$950B
2025
$70.9B
2025
Number of millionaires
178,605
2024
n/a
Number of billionaires
33
2026
6
2026
Income share by richest 10%
28.7%
2025
21.8%
2023
Income share by poorest 10%
3.5%
2025
2.4%
2023
Government expenditure, % of GDP
16.2%
2025
40.5%
2025
Consumer prices inflation
1.91%
2024-2025
7.3%
2024-2025
Central bank interest rate
5.5%
2026
6.5%
2024
Unemployment rate
3.31%
2023
6.1%
2025
Population
289027659
18912567

Spending and national debt comparison by year

Indonesia
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Indonesia Romania
Government spending Government debt Government spending Government debt
2025 16.2% 41% 40.5% 60.6%
2024 16.9% 40.2% 40% 57.5%
2023 16.6% 39.6% 37% 52.6%
2022 17.3% 40.1% 37.5% 51.9%
2021 18.1% 41.1% 37.2% 51.8%
2020 18.4% 39.7% 38.3% 49.5%
2019 16.4% 30.6% 33.4% 36.8%
2018 16.6% 30.4% 31.9% 36.4%
2017 16.4% 29.4% 31% 37.1%
2016 16.9% 28% 31.8% 39.5%
2015 17.6% 27% 34.2% 39.4%
2014 18.4% 24.6% 33.8% 40.5%
2013 18.8% 24.9% 34.2% 39.3%
2012 18.8% 23% 33.5% 36.2%
2011 17.7% 23.1% 35% 32.6%
2010 16.9% 26.4% 37.4% 30.2%
2009 17% 26.5% 36.3% 22.5%
2008 19.4% 30.3% 35.3% 13%
2007 18.7% 38.1% 34.6% 12.4%
2006 18.4% 35.8% 33.9% 12.7%
2005 17.4% 42.6% 32.3% 17.8%
2004 17.8% 51.3% 33.7% 21.3%
2003 18.2% 55.6% 31.8% 24.9%
2002 16.9% 62.3% 32.1% 27.4%
2001 19.5% 73.7% 33.2% 27.4%
2000 15.3% 87.4% 35% 29.6%
1999 15.1% 95.9% 35.1% 21.7%
1998 15.1% 72.5% 34.7% 16.5%
1997 15.2% 26.4% 33.5% 15%
1996 11.5% 27.5% 33.5% 11%
1995 11.9% 32% 34.4% 6.91%
1994 13.5% 37% 33.1% -
1993 14.1% 40.4% 33.5% -
1992 16.8% 42.6% 41.5% -
1991 15% 39.2% 38.3% -
1990 15.8% 40.8% 38.4% -
1989 16.5% 42.5% 40.1% -
1988 17.3% 45.6% 36.6% -
1987 18% 49.7% 40.7% -
1986 20.9% 38.3% 42.5% -
1985 18.5% 28% 41.6% -
1984 16.1% 23.5% 28.6% -
1983 18.2% 23.1% 25.8% -
1982 18.8% 18.6% 28.5% -
1981 24.4% 16.4% 30.4% -
1980 22.1% 17.3% 33.6% -
1979 20.9% 22% 42% -
1978 20.1% 30.3% 42.1% -
1977 19.5% 27.7% 39.9% -
1976 21.8% 38.1% 37.5% -
1975 20.5% 36.7% 40.6% -
1974 17.3% 34.4% 37.6% -
1973 16.3% 43.1% 32.6% -
1972 15.7% 51.2% 29.9% -
1971 14.5% 50.5% 27.2% -
1970 13.8% 46.7% 28.1% -
1969 12.8% - 32.1% -
1968 8.82% - 31.8% -
1967 10.4% - 30.6% -
1966 9.18% - 27.3% -
1965 10.7% - 25.6% -
1964 9.55% - 25.1% -
1963 10.3% - 23.1% -
1962 7.89% - 43.4% -
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Indonesia's government spending was $234B, accounting for 16.2% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 41% in Indonesia and 60.6% in Romania, ranking 130/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Romania
1x
Year Deficit/surplus, % of GDP
Indonesia Romania
2025 -2.92% -7.64%
2024 -2.28% -8.68%
2023 -1.64% -5.66%
2022 -2.31% -5.85%
2021 -4.4% -6.74%
2020 -6.07% -9.6%
2019 -2.09% -4.58%
2018 -1.69% -2.76%
2017 -2.26% -2.86%
2016 -2.56% -2.5%
2015 -2.72% -1.35%
2014 -1.8% -1.76%
2013 -1.96% -2.44%
2012 -1.59% -2.39%
2011 -0.7% -4.14%
2010 -1.24% -6.22%
2009 -1.64% -6.86%
2008 0.05% -4.6%
2007 -0.95% -3.05%
2006 0.45% -1.36%
2005 0.46% -0.69%
2004 -0.26% -3.39%
2003 -1.08% -2.29%
2002 -0.58% -2.59%
2001 -1.76% -3.2%
2000 -1.87% -3.99%
1999 -0.96% -3.58%
1998 -1.89% -5.33%
1997 -1.03% -5.19%
1996 0.96% -4.74%
1995 0.64% -3.32%
1994 0.005% -2.2%
1993 -0.59% -0.35%
1992 -1.54% -4.55%
1991 0.51% 3.23%
1990 0.97% 1.03%
1989 -1.72% -2.87%
1988 -2.68% 8.4%
1987 -0.9% 2.37%
1986 -2.94% 5.72%
1985 -0.45% 6.36%
1984 1.83% 15.2%
1983 -1% 9.35%
1982 -1.11% 0.36%
1981 -0.69% 0.61%
1980 -0.82% -1.95%
1979 -0.67% 0%
1978 -2.03% 0%
1977 -0.38% 0.23%
1976 -2.63% 0.66%
1975 -2.33% 0.41%
1974 -0.35% 0.51%
1973 -1.33% 1.53%
1972 -1.82% 1.21%
1971 -2.51% 0.89%
1970 -3.02% 0.52%
1969 -2.8% 0.93%
1968 0% 1.65%
1967 -0.35% 1.23%
1966 -5.06% 0.91%
1965 -6.62% -1.29%
1964 -5.58% -3.11%
1963 -5.24% -1.61%
1962 -3.1% -4.86%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-07-08).

GeoRank.org/economy/indonesia/romania | 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 Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 39 years, Indonesia recorded a fiscal deficit in 31 of those years, while Romania ran a deficit in 35 years. On average, Indonesia posted an annual deficit equal to 1.38% of GDP, compared to deficit of 3.19% of GDP for Romania.

Inflation comparison by year

Inflation
Indonesia

Romania
1x
Year Consumer prices inflation
Indonesia Romania
2025 1.91% 7.3%
2024 2.18% 5.6%
2023 3.67% 10.4%
2022 4.21% 13.8%
2021 1.56% 5%
2020 1.92% 2.6%
2019 3.03% 3.8%
2018 3.2% 4.6%
2017 3.81% 1.3%
2016 3.53% -1.6%
2015 6.36% -0.6%
2014 6.39% 1.1%
2013 6.41% 4%
2012 4.28% 3.3%
2011 5.36% 5.8%
2010 5.13% 6.1%
2009 4.39% 5.6%
2008 10.2% 7.8%
2007 6.41% 4.8%
2006 13.1% 6.6%
2005 10.5% 9%
2004 6.06% 11.9%
2003 6.76% 15.4%
2002 11.9% 22.5%
2001 11.5% 34.5%
2000 3.69% 45.7%
1999 20.5% 45.8%
1998 58.5% 59.1%
1997 6.23% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Indonesia has recorded an average annual inflation rate of 8.02%, compared with 17.1% in Romania. In 2025, inflation was 1.91% in Indonesia and 7.3% in Romania.

Top exports between countries

Indonesia
Export category Export value
Raw materials & minerals $113M
Metals $52.2M
Machinery & equipment $24.5M
Wood & paper products $17.6M
Processed food, beverages & tobacco $17.6M
Chemicals & pharma $7.21M
Textiles & consumer goods $6.73M
Raw agricultural goods $3.95M
Animal & marine products $854K
Precious metals & jewellery $292K
Romania
Export category Export value
Machinery & equipment $20.6M
Raw agricultural goods $17.6M
IT & IP services $3.89M
Raw materials & minerals $2.25M
Transport & tourism services $2.16M
Metals $2.13M
Wood & paper products $1.34M
Chemicals & pharma $1.24M
Textiles & consumer goods $1.16M
Business & finance services $649K

Balance of trade

Indonesia Romania
Current account balance
-$1.52B
2025
-$33.9B
2025
Current account balance ranking
129/190
2025
186/190
2025
Current account balance, % of GDP
-0.11%
2025
-7.9%
2025
Goods imports
$231B
2025
$139B
2025
Goods exports
$280B
2025
$102B
2025
Service imports
$63B
2025
$35.9B
2025
Service exports
$42.5B
2025
$50.1B
2025
Imports of goods and services, % of GDP
20.5%
2025
40.7%
2025
Exports of goods and services, % of GDP
22.8%
2025
35.5%
2025

Economic freedom indices

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

Indonesia Romania
Economic freedom 65.1 65.4
Economic freedom ranking 67/197 64/197
Property rights 39.7 81
Government integrity 42 50
Judicial effectiveness 43.1 67
Tax burden 81.5 89.1
Government spending 91.4 56.7
Fiscal health 89.8 21.4
Business freedom 69.2 74.4
Labor freedom 56.8 63.6
Monetary freedom 79.4 72.7
Trade freedom 78.6 79.4
Investment freedom 50 70
Financial freedom 60 60

Economic freedom comparison by year

Indonesia
Romania
1x
Year Economic freedom index
Indonesia Romania
2026 65.1 65.4
2025 65.2 66.5
2024 63.5 64.4
2023 63.5 64.5
2022 64.4 67.1
2021 66.9 69.5
2020 67.2 69.7
2019 65.8 68.6
2018 64.2 69.4
2017 61.9 69.7
2016 59.4 65.6
2015 58.1 66.6
2014 58.5 65.5
2013 56.9 65.1
2012 56.4 64.4
2011 56 64.7
2010 55.5 64.2
2009 53.4 63.2
2008 53.2 61.7
2007 53.2 61.2
2006 51.9 58.2
2005 52.9 52.1
2004 52.1 50
2003 55.8 50.6
2002 54.8 48.7
2001 52.5 50
2000 55.2 52.1
1999 61.5 50.1
1998 63.4 54.4
1997 62 50.8
1996 61 46.2
1995 54.9 42.9

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Romania
Services, % of GDP
43.9%
2025
61.7%
2025
Industry, % of GDP
38.7%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
13.1%
2025
3%
2025
GNI, Atlas method
$1.46T
2025
$384B
2025
GNI per capita, PPP
$17,190
2025
$49,550
2025
Total reserves including gold
$157B
2025
$90.6B
2025
Total reserves ranking
22/177
2025
31/177
2025
Net foreign direct investment
-$14.4B
2025
-$8.57B
2025
Net inflows of foreign direct investment
$24.3B
2024
$7.16B
2024
Net outflows of foreign direct investment
$8.39B
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
5.64%
2024
n/a
Poverty at national poverty lines
9%
2024
19%
2023
Gross capital formation, % of GDP
30.6%
2025
25.9%
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/romania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, 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 (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.