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Economy of Indonesia vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $6.97B for Sierra Leone, ranking 16/197 and 160/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Indonesia vs Sierra Leone GDP by year

Indonesia
Sierra Leone
1x
Year GDP, current $
Indonesia Sierra Leone
2024 $1,396,300,098,191 $6,971,127,235
2023 $1,371,169,301,564 $6,415,852,767
2022 $1,319,101,183,380 $7,121,125,278
2021 $1,186,509,691,087 $7,166,931,485
2020 $1,059,054,842,698 $6,688,307,703
2019 $1,119,099,871,350 $6,523,577,594
2018 $1,042,271,532,989 $6,390,514,689
2017 $1,015,618,744,160 $5,749,846,528
2016 $931,877,364,038 $6,084,297,211
2015 $860,854,232,686 $6,788,352,975
2014 $890,814,755,534 $7,686,138,791
2013 $912,524,136,718 $7,502,762,863
2012 $917,869,913,333 $6,141,666,509
2011 $892,969,104,563 $4,861,632,885
2010 $755,094,157,622 $4,262,805,967
2009 $539,580,085,612 $3,953,403,098
2008 $510,228,634,992 $4,157,895,298
2007 $432,216,737,775 $3,632,957,611
2006 $364,570,515,618 $3,263,697,467
2005 $285,868,619,196 $2,545,275,313
2004 $256,836,875,295 $2,237,350,687
2003 $234,772,463,824 $2,142,618,046
2002 $195,660,611,165 $1,933,863,911
2001 $160,446,947,785 $1,681,473,894
2000 $165,021,012,078 $635,866,404
1999 $140,001,351,215 $669,386,624
1998 $95,445,547,873 $672,368,187
1997 $215,748,998,610 $850,232,760
1996 $227,369,679,375 $941,709,423
1995 $202,132,028,723 $870,740,292
1994 $176,892,143,932 $911,853,802
1993 $158,006,700,302 $768,867,883
1992 $128,026,966,580 $679,940,814
1991 $116,621,996,217 $779,981,987
1990 $106,140,727,334 $649,644,098
1989 $94,451,427,877 $932,974,420
1988 $84,300,174,486 $1,055,083,933
1987 $75,929,617,558 $660,106,336
1986 $79,954,072,545 $490,181,457
1985 $85,289,488,375 $856,890,459
1984 $84,853,700,028 $1,087,471,862
1983 $81,052,283,384 $995,104,305
1982 $90,158,449,295 $1,295,361,886
1981 $85,518,233,419 $1,114,830,472
1980 $72,482,337,397 $1,100,685,845
1979 $51,400,186,343 $1,109,374,911
1978 $51,455,719,076 $960,728,339
1977 $45,808,915,663 $691,777,584
1976 $37,269,156,627 $594,895,942
1975 $30,463,855,422 $679,336,344
1974 $25,802,409,639 $648,590,643
1973 $16,273,253,012 $575,230,724
1972 $10,997,590,361 $465,381,340
1971 $9,333,536,370 $419,549,305
1970 $9,150,684,932 $434,410,974
1969 $8,337,423,313 $408,690,163
1968 $7,076,465,300 $329,859,732
1967 $5,667,756,628 $348,795,303
1966 - $375,479,850
1965 - $359,379,856
1964 - $371,847,461
1963 - $348,547,279
1962 - $342,721,416
1961 - $327,834,191
1960 - $322,009,962

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

GeoRank.org/economy/indonesia/sierra-leone | CC BY

GDP per capita in Indonesia vs Sierra Leone by year

Indonesia
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $807 $3,522
2023 $4,876 $15,416 $758 $3,368
2022 $4,731 $14,285 $860 $3,144
2021 $4,287 $12,757 $885 $2,849
2020 $3,854 $11,729 $845 $2,719
2019 $4,107 $11,986 $844 $2,704
2018 $3,861 $11,372 $846 $2,640
2017 $3,799 $10,688 $779 $2,501
2016 $3,521 $10,263 $844 $2,635
2015 $3,288 $10,028 $965 $2,560
2014 $3,441 $10,065 $1,118 $2,762
2013 $3,567 $9,866 $1,117 $2,701
2012 $3,632 $9,530 $938 $2,317
2011 $3,579 $8,937 $761 $2,043
2010 $3,066 $8,353 $685 $1,900
2009 $2,218 $7,868 $653 $1,814
2008 $2,125 $7,569 $705 $1,824
2007 $1,823 $7,096 $632 $1,770
2006 $1,558 $6,583 $580 $1,698
2005 $1,238 $6,134 $463 $1,615
2004 $1,127 $5,700 $418 $1,541
2003 $1,043 $5,353 $414 $1,458
2002 $881 $5,076 $389 $1,360
2001 $732 $4,849 $358 $1,121
2000 $764 $4,639 $143.7 $1,242
1999 $657 $4,386 $155 $1,167
1998 $455 $4,356 $156.5 $1,180
1997 $1,045 $5,037 $199.9 $1,157
1996 $1,119 $4,807 $224.3 $1,225
1995 $1,011 $4,451 $208.4 $1,187
1994 $900 $4,096 $218.5 $1,266
1993 $817 $3,793 $185 $1,269
1992 $674 $3,538 $163.2 $1,220
1991 $624 $3,305 $183.7 $1,445
1990 $578 $3,044 $154.8 $1,382
1989 $524 - $231.3 -
1988 $477 - $268.2 -
1987 $438 - $172.4 -
1986 $470 - $131.5 -
1985 $511 - $235.5 -
1984 $520 - $306 -
1983 $508 - $285.8 -
1982 $578 - $380 -
1981 $561 - $334 -
1980 $487 - $336 -
1979 $353 - $346 -
1978 $362 - $305 -
1977 $331 - $224.2 -
1976 $275.7 - $196.4 -
1975 $231.1 - $228.4 -
1974 $200.7 - $222.1 -
1973 $129.9 - $200.6 -
1972 $90.1 - $165.4 -
1971 $78.5 - $151.8 -
1970 $79.1 - $160.2 -
1969 $74.1 - $153.6 -
1968 $64.7 - $126.3 -
1967 $53.2 - $136.1 -
1966 - - $149.3 -
1965 - - $145.6 -
1964 - - $153.4 -
1963 - - $146.3 -
1962 - - $146.3 -
1961 - - $142.3 -
1960 - - $142 -

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

GeoRank.org/economy/indonesia/sierra-leone | CC BY

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Indonesia Sierra Leone
Gross domestic product
$1.4T
2024
$6.97B
2024
GDP rank
16/197
2024
160/197
2024
GDP growth
5.03%
2023-2024
4.29%
2023-2024
GDP per capita
$4,925
2024
$807
2024
GDP per capita rank
121/197
2024
186/197
2024
GDP per capita, PPP
$16,448
2024
$3,522
2024
GDP per capita PPP rank
107/197
2024
171/197
2024
Government debt
$561B
2024
$2.91B
2024
Debt-to-GDP ratio
40.2%
2024
41.7%
2024
Government debt per person
$1,978
2024
$337
2024
Government debt per person rank
120/185
2024
174/185
2024
Average annual personal income after taxes
$3,371
2026
$2,915
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
29.4%
2018
Income share by poorest 10%
3.5%
2024
3.4%
2018
Government expenditure, % of GDP
16.8%
2024
15.6%
2024
Consumer prices inflation
2.18%
2023-2024
28.4%
2023-2024
Central bank interest rate
4.75%
2025
18.8%
2025
Unemployment rate
3.31%
2023
3.19%
2018
Population
288551776
9049533

Spending and national debt comparison by year

Indonesia
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Indonesia Sierra Leone
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 15.6% 41.7%
2023 16.6% 39.6% 15.4% 49.5%
2022 17.3% 40.1% 16.7% 54%
2021 18.1% 41.1% 16.8% 47.1%
2020 18.4% 39.7% 15.6% 46.4%
2019 16.4% 30.6% 13.3% 45.3%
2018 16.6% 30.4% 13.7% 44.2%
2017 16.4% 29.4% 15% 44.2%
2016 16.9% 28% 14.9% 38.9%
2015 17.6% 27% 13.1% 28.4%
2014 18.4% 24.6% 13.5% 26.8%
2013 18.8% 24.9% 11.4% 22.3%
2012 18.8% 23% 13.5% 24.1%
2011 17.7% 23.1% 13.2% 25.8%
2010 16.9% 26.4% 12.5% 28.9%
2009 17% 26.5% 11.3% 31.1%
2008 19.4% 30.3% 10.3% 46.1%
2007 18.7% 38.1% 8.1% 26.4%
2006 18.4% 35.8% 9.97% 61.9%
2005 17.4% 42.6% 10.9% 78.9%
2004 17.8% 51.3% 11.1% 93.2%
2003 18.2% 55.6% 11.7% 99.8%
2002 16.9% 62.3% 12.6% 99.8%
2001 19.5% 73.7% 12% 113.5%
2000 15.3% 87.4% 10.3% -
1999 15.1% 95.9% - -
1998 15.1% 72.5% - -
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/sierra-leone | CC BY

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 41.7% in Sierra Leone, ranking 132/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Indonesia Sierra Leone
2024 -2.3% -4.53%
2023 -1.64% -4.99%
2022 -2.31% -5.93%
2021 -4.4% -4.35%
2020 -6.07% -3.5%
2019 -2.09% -1.95%
2018 -1.69% -3.57%
2017 -2.26% -5.61%
2016 -2.56% -5.41%
2015 -2.72% -2.86%
2014 -1.8% -2.77%
2013 -1.96% -1.74%
2012 -1.59% -3.41%
2011 -0.7% -2.78%
2010 -1.24% -3.09%
2009 -1.64% -1.51%
2008 0.05% -2.22%
2007 -0.95% 12.6%
2006 0.45% -0.93%
2005 0.46% -1.17%
2004 -0.26% -1.46%
2003 -1.08% -2.78%
2002 -0.58% -3.03%
2001 -1.76% -3.22%
2000 -1.87% -1.94%
1999 -0.96% -
1998 -1.89% -
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/sierra-leone | 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 Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, Indonesia recorded a fiscal deficit in 22 of those years, while Sierra Leone ran a deficit in 24 years. On average, Indonesia posted an annual deficit equal to 1.7% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Indonesia

Sierra Leone
1x
Year Consumer prices inflation
Indonesia Sierra Leone
2024 2.18% 28.4%
2023 3.67% 47.7%
2022 4.21% 27.2%
2021 1.56% 11.9%
2020 1.92% 13.4%
2019 3.03% 14.8%
2018 3.2% 16%
2017 3.81% 18.2%
2016 3.53% 10.9%
2015 6.36% 6.7%
2014 6.39% 4.6%
2013 6.41% 5.5%
2012 4.28% 6.6%
2011 5.36% 6.8%
2010 5.13% 7.2%
2009 4.39% 7.5%
2008 10.2% 8.2%
2007 6.41% 17%
2006 13.1% 10.5%
2005 10.5% 13.7%
2004 6.06% 12.9%
2003 6.76% 4%
2002 11.9% 0.1%
2001 11.5% 2.6%
2000 3.69% -0.9%
1999 20.5% 34.1%
1998 58.5% 36%
1997 6.23% 14.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/indonesia/sierra-leone | CC BY

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 13.8% in Sierra Leone. In 2024, inflation was 2.18% in Indonesia and 28.4% in Sierra Leone.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $5.08M
Machinery & equipment $2.21M
Wood & paper products $2.2M
Chemicals & pharma $1.26M
Raw materials & minerals $189K
Metals $44K
Textiles & consumer goods $27K
Precious metals & jewellery $26K
Raw agricultural goods $6K
Miscellaneous $2K
Sierra Leone
Export category Export value

Balance of trade

Indonesia Sierra Leone
Current account balance
-$8.72B
2024
-$606M
2023
Current account balance ranking
174/190
2024
109/190
2023
Current account balance, % of GDP
-0.62%
2024
-9.45%
2023
Goods imports
$223B
2024
$1.92B
2023
Goods exports
$263B
2024
$1.34B
2023
Service imports
$57.6B
2024
$348M
2023
Service exports
$39B
2024
$42.5M
2023
Imports of goods and services, % of GDP
20.4%
2024
23.3%
2024
Exports of goods and services, % of GDP
22.2%
2024
17.3%
2024

Economic freedom indices

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

Indonesia Sierra Leone
Economic freedom 65.1 49.6
Economic freedom ranking 67/197 165/197
Property rights 39.7 32.9
Government integrity 42 35.8
Judicial effectiveness 43.1 42
Tax burden 81.5 88.2
Government spending 91.4 92.4
Fiscal health 89.8 54.1
Business freedom 69.2 44.8
Labor freedom 56.8 38.2
Monetary freedom 79.4 53.6
Trade freedom 78.6 63.6
Investment freedom 50 30
Financial freedom 60 20

Economic freedom comparison by year

Indonesia
Sierra Leone
1x
Year Economic freedom index
Indonesia Sierra Leone
2026 65.1 49.6
2025 65.2 48
2024 63.5 44.6
2023 63.5 50.2
2022 64.4 52
2021 66.9 51.7
2020 67.2 48
2019 65.8 47.5
2018 64.2 51.8
2017 61.9 52.6
2016 59.4 52.3
2015 58.1 51.7
2014 58.5 50.5
2013 56.9 48.3
2012 56.4 49.1
2011 56 49.6
2010 55.5 47.9
2009 53.4 47.8
2008 53.2 48.3
2007 53.2 47
2006 51.9 45.2
2005 52.9 44.8
2004 52.1 43.6
2003 55.8 42.2
2002 54.8 -
2001 52.5 -
2000 55.2 44.2
1999 61.5 47.2
1998 63.4 47.7
1997 62 45
1996 61 52.3
1995 54.9 49.8

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

GeoRank.org/economy/indonesia/sierra-leone | CC BY

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Sierra Leone
Services, % of GDP
43.8%
2024
42.6%
2024
Industry, % of GDP
39.3%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
29.2%
2024
GNI, Atlas method
$1.39T
2024
$7.08B
2024
GNI per capita, PPP
$16,010
2024
$3,490
2024
Total reserves including gold
$156B
2024
$433M
2024
Total reserves ranking
20/177
2024
160/177
2024
Net foreign direct investment
-$15.9B
2024
-$241M
2023
Net inflows of foreign direct investment
$24.2B
2024
$122M
2024
Net outflows of foreign direct investment
$8.39B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
2.22%
2024
Poverty at national poverty lines
9%
2024
56.8%
2018
Gross capital formation, % of GDP
31.4%
2024
20.5%
2024

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/sierra-leone | 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 (2021–2024, 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.