Indonesia vs Singapore: Economic Indicators Comparison

Indonesia with a GDP of $1T ranked the 16th largest economy in the world, while Singapore ranked 36th with $364.2B. By GDP 5-years average growth and GDP per capita, Indonesia and Singapore ranked 31st vs 76th and 122nd vs 10th, respectively.

Gross Domestic Product & Income

StatIndonesiaSingapore
GDP$1T$364.2B
GDP growth, 1 year5.2%3.2%
GDP growth, 5-years average5%3.3%
Population264M5.9M
GDP per capita$3.9k$65k
GDP per capita growth3.99%2.66%
Purchasing Power Parity conversion factor4238.110.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.64
GDP per capita, PPP adjusted$13k$100k
GNI, Atlas method$1T$331.4B
GNI per capita$3.8k$59k
GNI, PPP adjusted$3.4T$533.8B
GNI per capita, PPP adjusted$13k$95k

Financial system and Human development

StatIndonesiaSingapore
Income Tax Rate30%22%
Corporate Tax Rate25%17%
Inflation, consumer prices3.2%0.4%
Inflation, GDP deflator3.8%1.9%
Unemployment4.3%3.8%
Economic Freedom Index67.289.4
Personal Freedom Index7.17.44
Human Freedom Index6.818.1
Property Rights Index59.896.8
Judical Effectiveness Index56.292.9
Business Freedom Index7092.8
Fiscal Health Index90.280
Labor Freedom Index49.290.9
Investment Freedom Index5085
Financial Freedom Index6080
Trade Freedom Index80.894.8
Monetary Freedom Index78.485.6
Government Spending Index91.791.1
Tax Burden Index83.490.3
Government Integrity Index37.292.4
Corruption Perceptions Index3885
Life expectancy at birth, years71.382.9
Suicide mortality rate, per 100,000 people3.49.9
Mortality caused by road traffic injury, per 100,000 people12.22.8
Intentional homicides, per 100,000 people0.40.2
International tourism, number of arrivals15.8M14.7M

Government debt & reserves

StatIndonesiaSingapore
Central government debt, % of GDP29.2%108.3%
External debt stocks, % of GNI37.6%N/A
External debt stocks$379.7BN/A
Short-term debt, % of total reserves39.7%N/A
Total debt service, % of exports and primary income26%N/A
Adjusted net savings including particulate emission damage, % of GNI12%36.8%
Gross savings, % of GDP31.6%45.8%
Gross capital formation, % of GDP34.6%26.6%
Total reserves including gold$120.7B$292.7B
Foreign direct investment net inflows$19.7B$82B

Exports, imports and economic structure

StatIndonesiaSingapore
Exports of goods and services, % of GDP21%176.4%
Imports of goods and services, % of GDP22.1%149.8%
Current account balance (balance of payments)-$31B$65.1B
Revenue excluding grants, % of GDP12.2%18.8%
Grants excluding technical cooperation, BoP$696.7M$1.6M
Personal remittances received$11.2BN/A
Industry including construction value added, % of GDP39.7%25.2%
Agriculture, forestry and fishing value added, % of GDP12.8%0%
Charges for the use of intellectual property, payments BoP$1.5B$15.2B
Charges for the use of intellectual property, receipts BoP$61.2M$8.7B
Expense, % of GDP14.3%15.2%
Government Expenditure, % of GDP16.7%17.2%

Compare with countries close by GDP per capita

Indonesia vs

CountryGDP
per capita
Population
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k