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Economy of Indonesia vs Russia compared: GDP & Debt

Updated on by Georank

Indonesia has a GDP of $1.45T compared to $2.56T for Russia, ranking 17/197 and 8/197 by economy size, respectively.

Indonesia has $593B in government debt (41% of GDP), compared to $440B (17.2% of GDP) in Russia.

Indonesia vs Russia GDP by year

Indonesia
Russia
1x
Year GDP, current $
Indonesia Russia
2025 $1,445,642,584,164 $2,561,310,169,359
2024 $1,396,301,788,462 $2,186,462,268,813
2023 $1,371,166,925,750 $2,046,284,838,151
2022 $1,319,101,183,380 $2,292,495,097,681
2021 $1,186,509,691,087 $1,829,186,719,575
2020 $1,059,054,842,698 $1,493,075,894,362
2019 $1,119,099,871,350 $1,693,115,002,708
2018 $1,042,271,532,989 $1,657,328,773,461
2017 $1,015,618,744,160 $1,574,199,360,089
2016 $931,877,364,038 $1,276,786,350,881
2015 $860,854,232,686 $1,363,482,182,198
2014 $890,814,755,534 $2,059,241,589,895
2013 $912,524,136,718 $2,292,470,078,346
2012 $917,869,913,333 $2,208,293,553,878
2011 $892,969,104,563 $2,045,922,753,398
2010 $755,094,157,622 $1,524,916,715,224
2009 $539,580,085,612 $1,222,645,900,056
2008 $510,228,634,992 $1,660,848,058,303
2007 $432,216,737,775 $1,299,703,478,482
2006 $364,570,515,618 $989,932,071,353
2005 $285,868,619,196 $764,015,973,481
2004 $256,836,875,295 $591,016,690,732
2003 $234,772,463,824 $430,347,420,185
2002 $195,660,611,165 $345,470,494,418
2001 $160,446,947,785 $306,602,070,621
2000 $165,021,012,078 $259,710,142,197
1999 $140,001,351,215 $195,907,128,351
1998 $95,445,547,873 $270,955,486,862
1997 $215,748,998,610 $404,928,954,192
1996 $227,369,679,375 $391,724,890,744
1995 $202,132,028,723 $395,537,185,735
1994 $176,892,143,932 $395,077,301,248
1993 $158,006,700,302 $435,083,713,851
1992 $128,026,966,580 $460,290,556,901
1991 $116,621,996,217 $517,962,962,963
1990 $106,140,727,334 $517,014,446,228
1989 $94,451,427,877 $506,631,299,735
1988 $84,300,174,486 $554,828,660,436
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 (1967–2025, retrieved 2026-07-08).

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

GDP per capita in Indonesia vs Russia by year

Indonesia
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,060 - $17,847 -
2024 $4,925 $16,448 $15,219 $47,362
2023 $4,876 $15,416 $14,227 $44,269
2022 $4,731 $14,285 $15,894 $40,939
2021 $4,287 $12,757 $12,637 $38,638
2020 $3,854 $11,729 $10,280 $31,491
2019 $4,107 $11,986 $11,640 $30,964
2018 $3,861 $11,372 $11,399 $28,629
2017 $3,799 $10,688 $10,835 $25,778
2016 $3,521 $10,263 $8,804 $24,012
2015 $3,288 $10,028 $9,427 $23,994
2014 $3,441 $10,065 $14,277 $25,688
2013 $3,567 $9,866 $15,941 $26,020
2012 $3,632 $9,530 $15,402 $24,274
2011 $3,579 $8,937 $14,305 $22,790
2010 $3,066 $8,353 $10,675 $20,490
2009 $2,218 $7,868 $8,563 $19,390
2008 $2,125 $7,569 $11,635 $20,164
2007 $1,823 $7,096 $9,101 $16,648
2006 $1,558 $6,583 $6,920 $14,912
2005 $1,238 $6,134 $5,323 $11,822
2004 $1,127 $5,700 $4,102 $10,227
2003 $1,043 $5,353 $2,975 $9,255
2002 $881 $5,076 $2,378 $8,037
2001 $732 $4,849 $2,100 $7,361
2000 $764 $4,639 $1,772 $6,825
1999 $657 $4,386 $1,331 $5,914
1998 $455 $4,356 $1,835 $5,465
1997 $1,045 $5,037 $2,738 $5,700
1996 $1,119 $4,807 $2,644 $5,518
1995 $1,011 $4,451 $2,666 $5,613
1994 $900 $4,096 $2,662 $5,734
1993 $817 $3,793 $2,931 $6,420
1992 $674 $3,538 $3,099 $6,862
1991 $624 $3,305 $3,490 $7,858
1990 $578 $3,044 $3,494 $8,028
1989 $524 - $3,430 -
1988 $477 - $3,778 -
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 (1967–2025, retrieved 2026-07-08).

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

Indonesia's GDP per capita is $5,060, ranking 123/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Russia ranks 50th at $47,362.

Economic indicators

Indonesia Russia
Gross domestic product
$1.45T
2025
$2.56T
2025
GDP rank
17/197
2025
8/197
2025
GDP growth
5.11%
2024-2025
1%
2024-2025
GDP per capita
$5,060
2025
$17,847
2025
GDP per capita rank
123/197
2025
68/197
2025
GDP per capita, PPP
$16,448
2024
$47,362
2024
GDP per capita PPP rank
107/197
2024
50/197
2024
Government debt
$593B
2025
$440B
2025
Debt-to-GDP ratio
41%
2025
17.2%
2025
Government debt per person
$2,076
2025
$3,068
2025
Government debt per person rank
119/185
2025
105/185
2025
Average annual personal income after taxes
$3,470
2026
$11,183
2026
Market capitalization of domestic companies
$950B
2025
$650B
2023
Number of millionaires
178,605
2024
447,000
2026
Number of billionaires
33
2026
147
2026
Income share by richest 10%
28.7%
2025
25.1%
2023
Income share by poorest 10%
3.5%
2025
3.1%
2023
Government expenditure, % of GDP
16.2%
2025
39.1%
2025
Consumer prices inflation
1.91%
2024-2025
8.7%
2024-2025
Central bank interest rate
5.5%
2026
14.5%
2026
Unemployment rate
3.31%
2023
2.13%
2025
Population
289027659
142643173

Spending and national debt comparison by year

Indonesia
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Indonesia Russia
Government spending Government debt Government spending Government debt
2025 16.2% 41% 39.1% 17.2%
2024 16.9% 40.2% 36.7% 14.8%
2023 16.6% 39.6% 36.1% 15.2%
2022 17.3% 40.1% 35.1% 15.1%
2021 18.1% 41.1% 34.9% 16.5%
2020 18.4% 39.7% 39.2% 19.2%
2019 16.4% 30.6% 33.8% 13.7%
2018 16.6% 30.4% 32.6% 13.6%
2017 16.4% 29.4% 34.8% 14.3%
2016 16.9% 28% 36.6% 14.8%
2015 17.6% 27% 35.3% 15.3%
2014 18.4% 24.6% 34.9% 15.1%
2013 18.8% 24.9% 34.7% 12.3%
2012 18.8% 23% 34% 11.2%
2011 17.7% 23.1% 33.3% 10.3%
2010 16.9% 26.4% 35.5% 10.1%
2009 17% 26.5% 38.6% 9.92%
2008 19.4% 30.3% 32% 7.45%
2007 18.7% 38.1% 31.9% 8.03%
2006 18.4% 35.8% 29% 9.8%
2005 17.4% 42.6% 29.5% 14.9%
2004 17.8% 51.3% 29.6% 20.8%
2003 18.2% 55.6% 32.6% 28.3%
2002 16.9% 62.3% 33.8% 37.6%
2001 19.5% 73.7% 31.5% 44.4%
2000 15.3% 87.4% 30.7% 55.9%
1999 15.1% 95.9% 34.3% 92.4%
1998 15.1% 72.5% 39.7% 135.2%
1997 15.2% 26.4% - 51.5%
1996 11.5% 27.5% - 51.9%
1995 11.9% 32% - 53.7%
1994 13.5% 37% - 63.5%
1993 14.1% 40.4% - 92.4%
1992 16.8% 42.6% - 116%
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 (1993–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Indonesia's government spending was $234B, accounting for 16.2% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 41% in Indonesia and 17.2% in Russia, ranking 130/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Russia
1x
Year Deficit/surplus, % of GDP
Indonesia Russia
2025 -2.92% -3.9%
2024 -2.28% -1.59%
2023 -1.64% -2.24%
2022 -2.31% -1.34%
2021 -4.4% 0.78%
2020 -6.07% -3.99%
2019 -2.09% 1.93%
2018 -1.69% 2.92%
2017 -2.26% -1.47%
2016 -2.56% -3.67%
2015 -2.72% -3.39%
2014 -1.8% -1.07%
2013 -1.96% -1.16%
2012 -1.59% 0.38%
2011 -0.7% 1.43%
2010 -1.24% -3.19%
2009 -1.64% -5.89%
2008 0.05% 4.55%
2007 -0.95% 5.59%
2006 0.45% 7.8%
2005 0.46% 7.6%
2004 -0.26% 4.57%
2003 -1.08% 1.35%
2002 -0.58% 0.67%
2001 -1.76% 2.99%
2000 -1.87% 3.11%
1999 -0.96% -3.59%
1998 -1.89% -7.42%
1997 -1.03% -
1996 0.96% -
1995 0.64% -
1994 0.005% -
1993 -0.59% -
1992 -1.54% -
1991 0.51% -
1990 0.97% -
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% -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1885–1992, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/indonesia/russia | 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 Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Indonesia recorded a fiscal deficit in 25 of those years, while Russia ran a deficit in 14 years. On average, Indonesia posted an annual deficit equal to 1.72% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Indonesia

Russia
1x
Year Consumer prices inflation
Indonesia Russia
2025 1.91% 8.7%
2024 2.18% 8.4%
2023 3.67% 5.9%
2022 4.21% 13.7%
2021 1.56% 6.7%
2020 1.92% 3.4%
2019 3.03% 4.5%
2018 3.2% 2.9%
2017 3.81% 3.7%
2016 3.53% 7%
2015 6.36% 15.5%
2014 6.39% 7.8%
2013 6.41% 6.8%
2012 4.28% 5.1%
2011 5.36% 8.4%
2010 5.13% 6.8%
2009 4.39% 11.6%
2008 10.2% 14.1%
2007 6.41% 9%
2006 13.1% 9.7%
2005 10.5% 12.7%
2004 6.06% 10.9%
2003 6.76% 13.7%
2002 11.9% 15.8%
2001 11.5% 21.5%
2000 3.69% 20.8%
1999 20.5% 85.7%
1998 58.5% 27.7%
1997 6.23% 14.8%

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/russia | CC BY

Over the past 29 years, Indonesia has recorded an average annual inflation rate of 8.02%, compared with 13.2% in Russia. In 2025, inflation was 1.91% in Indonesia and 8.7% in Russia.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $1.15B
Raw materials & minerals $370M
Raw agricultural goods $138M
Machinery & equipment $86.4M
Chemicals & pharma $48.6M
Textiles & consumer goods $36.3M
Wood & paper products $24.4M
Animal & marine products $16M
Metals $15.4M
Precious metals & jewellery $3.47M
Russia
Export category Export value
Raw materials & minerals $440M
Metals $159M
Transport & tourism services $19.4M
Wood & paper products $18.2M
Animal & marine products $16.6M
Chemicals & pharma $15.7M
Raw agricultural goods $14.4M
Machinery & equipment $11.8M
Business & finance services $6.99M
Miscellaneous $3.43M

Balance of trade

Indonesia Russia
Current account balance
-$1.52B
2025
$43.1B
2025
Current account balance ranking
129/190
2025
14/190
2025
Current account balance, % of GDP
-0.11%
2025
+1.68%
2025
Goods imports
$231B
2025
$305B
2025
Goods exports
$280B
2025
$422B
2025
Service imports
$63B
2025
$94.8B
2025
Service exports
$42.5B
2025
$46.3B
2025
Imports of goods and services, % of GDP
20.5%
2025
15.5%
2025
Exports of goods and services, % of GDP
22.8%
2025
18.2%
2025

Economic freedom indices

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

Indonesia Russia
Economic freedom 65.1 50.3
Economic freedom ranking 67/197 161/197
Property rights 39.7 18.6
Government integrity 42 22.8
Judicial effectiveness 43.1 22.8
Tax burden 81.5 81.9
Government spending 91.4 61.3
Fiscal health 89.8 94.4
Business freedom 69.2 51.4
Labor freedom 56.8 59.1
Monetary freedom 79.4 61.8
Trade freedom 78.6 69.4
Investment freedom 50 30
Financial freedom 60 30

Economic freedom comparison by year

Indonesia
Russia
1x
Year Economic freedom index
Indonesia Russia
2026 65.1 50.3
2025 65.2 51.6
2024 63.5 52
2023 63.5 53.8
2022 64.4 56.1
2021 66.9 61.5
2020 67.2 61
2019 65.8 58.9
2018 64.2 58.2
2017 61.9 57.1
2016 59.4 50.6
2015 58.1 52.1
2014 58.5 51.9
2013 56.9 51.1
2012 56.4 50.5
2011 56 50.5
2010 55.5 50.3
2009 53.4 50.8
2008 53.2 49.8
2007 53.2 52.2
2006 51.9 52.4
2005 52.9 51.3
2004 52.1 52.8
2003 55.8 50.8
2002 54.8 48.7
2001 52.5 49.8
2000 55.2 51.8
1999 61.5 54.5
1998 63.4 52.8
1997 62 48.6
1996 61 51.6
1995 54.9 51.1

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Russia
Services, % of GDP
43.9%
2025
58.9%
2025
Industry, % of GDP
38.7%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
13.1%
2025
3.06%
2025
GNI, Atlas method
$1.46T
2025
$2.33T
2025
GNI per capita, PPP
$17,190
2025
$49,220
2025
Total reserves including gold
$157B
2025
$608B
2024
Total reserves ranking
22/177
2025
6/177
2024
Net foreign direct investment
-$14.4B
2025
-$12.4B
2025
Net inflows of foreign direct investment
$24.3B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$8.39B
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
5.64%
2024
2.63%
2024
Poverty at national poverty lines
9%
2024
7.2%
2024
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/russia | 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 (1885–1999, 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 (2021–2025, 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.