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Economy of Indonesia vs Sri Lanka compared: GDP & Debt

Updated on by Georank

Indonesia has a GDP of $1.45T compared to $109B for Sri Lanka, ranking 17/197 and 71/197 by economy size, respectively.

Indonesia has $593B in government debt (41% of GDP), compared to $100B (100.8% of GDP) in Sri Lanka.

Indonesia vs Sri Lanka GDP by year

Indonesia
Sri Lanka
1x
Year GDP, current $
Indonesia Sri Lanka
2025 $1,445,642,584,164 $108,825,231,671
2024 $1,396,301,788,462 $99,616,111,266
2023 $1,371,166,925,750 $84,080,307,356
2022 $1,319,101,183,380 $74,143,020,304
2021 $1,186,509,691,087 $88,556,699,052
2020 $1,059,054,842,698 $84,335,574,372
2019 $1,119,099,871,350 $88,998,706,178
2018 $1,042,271,532,989 $94,450,015,983
2017 $1,015,618,744,160 $94,369,350,439
2016 $931,877,364,038 $88,000,210,878
2015 $860,854,232,686 $85,090,300,896
2014 $890,814,755,534 $82,531,125,462
2013 $912,524,136,718 $76,976,204,075
2012 $917,869,913,333 $70,447,216,891
2011 $892,969,104,563 $67,753,285,882
2010 $755,094,157,622 $58,636,049,581
2009 $539,580,085,612 $42,066,224,093
2008 $510,228,634,992 $40,713,826,215
2007 $432,216,737,775 $32,350,238,760
2006 $364,570,515,618 $28,267,410,543
2005 $285,868,619,196 $24,405,791,045
2004 $256,836,875,295 $20,662,525,941
2003 $234,772,463,824 $18,881,765,437
2002 $195,660,611,165 $16,536,535,647
2001 $160,446,947,785 $15,749,753,805
2000 $165,021,012,078 $16,595,882,819
1999 $140,001,351,215 $15,711,933,513
1998 $95,445,547,873 $15,760,736,956
1997 $215,748,998,610 $15,091,913,884
1996 $227,369,679,375 $13,897,738,375
1995 $202,132,028,723 $13,029,697,561
1994 $176,892,143,932 $11,717,604,209
1993 $158,006,700,302 $10,338,679,636
1992 $128,026,966,580 $9,703,011,636
1991 $116,621,996,217 $9,000,362,582
1990 $106,140,727,334 $8,032,551,173
1989 $94,451,427,877 $6,987,267,684
1988 $84,300,174,486 $6,978,371,581
1987 $75,929,617,558 $6,682,167,120
1986 $79,954,072,545 $6,405,210,564
1985 $85,289,488,375 $5,978,460,972
1984 $84,853,700,028 $6,043,474,843
1983 $81,052,283,384 $5,167,913,302
1982 $90,158,449,295 $4,768,765,017
1981 $85,518,233,419 $4,415,844,156
1980 $72,482,337,397 $4,024,621,900
1979 $51,400,186,343 $3,364,611,432
1978 $51,455,719,076 $2,733,183,857
1977 $45,808,915,663 $4,104,509,583
1976 $37,269,156,627 $3,591,319,857
1975 $30,463,855,422 $3,791,298,146
1974 $25,802,409,639 $3,574,586,466
1973 $16,273,253,012 $2,875,625,000
1972 $10,997,590,361 $2,553,936,348
1971 $9,333,536,370 $2,369,308,600
1970 $9,150,684,932 $2,296,470,588
1969 $8,337,423,313 $1,965,546,218
1968 $7,076,465,300 $1,801,344,538
1967 $5,667,756,628 $1,859,465,021
1966 - $1,751,470,588
1965 - $1,698,319,328
1964 - $1,309,747,899
1963 - $1,240,672,269
1962 - $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

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

GeoRank.org/economy/indonesia/sri-lanka | CC BY

GDP per capita in Indonesia vs Sri Lanka by year

Indonesia
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,060 - $5,002 -
2024 $4,925 $16,448 $4,545 $15,633
2023 $4,876 $15,416 $3,815 $14,456
2022 $4,731 $14,285 $3,343 $14,194
2021 $4,287 $12,757 $3,997 $14,316
2020 $3,854 $11,729 $3,848 $12,941
2019 $4,107 $11,986 $4,082 $14,113
2018 $3,861 $11,372 $4,359 $14,178
2017 $3,799 $10,688 $4,399 $13,610
2016 $3,521 $10,263 $4,149 $13,079
2015 $3,288 $10,028 $4,058 $12,227
2014 $3,441 $10,065 $3,972 $11,721
2013 $3,567 $9,866 $3,739 $11,253
2012 $3,632 $9,530 $3,328 $10,249
2011 $3,579 $8,937 $3,225 $9,076
2010 $3,066 $8,353 $2,808 $8,234
2009 $2,218 $7,868 $2,027 $7,576
2008 $2,125 $7,569 $1,974 $7,317
2007 $1,823 $7,096 $1,579 $6,820
2006 $1,558 $6,583 $1,389 $6,261
2005 $1,238 $6,134 $1,207 $5,679
2004 $1,127 $5,700 $1,029 $5,216
2003 $1,043 $5,353 $946 $4,850
2002 $881 $5,076 $835 $4,522
2001 $732 $4,849 $804 $4,328
2000 $764 $4,639 $860 $4,368
1999 $657 $4,386 $829 $4,103
1998 $455 $4,356 $848 $3,952
1997 $1,045 $5,037 $827 $3,804
1996 $1,119 $4,807 $776 $3,582
1995 $1,011 $4,451 $742 $3,454
1994 $900 $4,096 $678 $3,260
1993 $817 $3,793 $607 $3,067
1992 $674 $3,538 $580 $2,851
1991 $624 $3,305 $546 $2,713
1990 $578 $3,044 $491 $2,527
1989 $524 - $430 -
1988 $477 - $434 -
1987 $438 - $420 -
1986 $470 - $407 -
1985 $511 - $385 -
1984 $520 - $391 -
1983 $508 - $336 -
1982 $578 - $312 -
1981 $561 - $292.5 -
1980 $487 - $271.1 -
1979 $353 - $230.8 -
1978 $362 - $191 -
1977 $331 - $292.1 -
1976 $275.7 - $260.3 -
1975 $231.1 - $279.8 -
1974 $200.7 - $268.7 -
1973 $129.9 - $220.2 -
1972 $90.1 - $199.4 -
1971 $78.5 - $188.8 -
1970 $79.1 - $186.9 -
1969 $74.1 - $163.6 -
1968 $64.7 - $153.5 -
1967 $53.2 - $162.3 -
1966 - - $156.6 -
1965 - - $155.6 -
1964 - - $122.9 -
1963 - - $119.4 -
1962 - - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

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

GeoRank.org/economy/indonesia/sri-lanka | CC BY

Indonesia's GDP per capita is $5,060, ranking 123/197, compared to $5,002 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Indonesia Sri Lanka
Gross domestic product
$1.45T
2025
$109B
2025
GDP rank
17/197
2025
71/197
2025
GDP growth
5.11%
2024-2025
4.95%
2024-2025
GDP per capita
$5,060
2025
$5,002
2025
GDP per capita rank
123/197
2025
124/197
2025
GDP per capita, PPP
$16,448
2024
$15,633
2024
GDP per capita PPP rank
107/197
2024
111/197
2024
Government debt
$593B
2025
$100B
2024
Debt-to-GDP ratio
41%
2025
100.8%
2024
Government debt per person
$2,076
2025
$4,584
2024
Government debt per person rank
119/185
2025
90/185
2024
Average annual personal income after taxes
$3,470
2026
$2,830
2026
Market capitalization of domestic companies
$950B
2025
$26.1B
2025
Number of millionaires
178,605
2024
n/a
Number of billionaires
33
2026
n/a
Income share by richest 10%
28.7%
2025
30.8%
2019
Income share by poorest 10%
3.5%
2025
3.1%
2019
Government expenditure, % of GDP
16.2%
2025
19.1%
2024
Consumer prices inflation
1.91%
2024-2025
-4.76%
2024-2025
Central bank interest rate
5.5%
2026
7.75%
2025
Unemployment rate
3.31%
2023
4.32%
2024
Population
289027659
21926160

Spending and national debt comparison by year

Indonesia
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Indonesia Sri Lanka
Government spending Government debt Government spending Government debt
2025 16.2% 41% - -
2024 16.9% 40.2% 19.1% 100.8%
2023 16.6% 39.6% 19.5% 110.4%
2022 17.3% 40.1% 18.6% 115.9%
2021 18.1% 41.1% 20% 102.7%
2020 18.4% 39.7% 22.1% 96.9%
2019 16.4% 30.6% 19.5% 82.6%
2018 16.6% 30.4% 17.5% 83.6%
2017 16.4% 29.4% 17.9% 72.3%
2016 16.9% 28% 18.2% 75%
2015 17.6% 27% 19.3% 76.3%
2014 18.4% 24.6% 17.2% 69.6%
2013 18.8% 24.9% 16.6% 69.5%
2012 18.8% 23% 17.3% 67.5%
2011 17.7% 23.1% 19.1% 69.4%
2010 16.9% 26.4% 19.3% 68.7%
2009 17% 26.5% 21% 72.8%
2008 19.4% 30.3% 19.1% 68.8%
2007 18.7% 38.1% 19.9% 71.8%
2006 18.4% 35.8% 20.5% 74.3%
2005 17.4% 42.6% 20.1% 76.6%
2004 17.8% 51.3% 19.3% 86.5%
2003 18.2% 55.6% 19.3% 86.5%
2002 16.9% 62.3% 20.8% 96.3%
2001 19.5% 73.7% 22.4% 84.4%
2000 15.3% 87.4% 21.7% 79.2%
1999 15.1% 95.9% 20.5% 77.7%
1998 15.1% 72.5% 21.4% 74.2%
1997 15.2% 26.4% 21.4% 70.1%
1996 11.5% 27.5% 23.1% 76.2%
1995 11.9% 32% 24.8% 77.8%
1994 13.5% 37% 24.1% 77.9%
1993 14.1% 40.4% 23.2% 79.2%
1992 16.8% 42.6% 23% 77.9%
1991 15% 39.2% 26.4% 80.5%
1990 15.8% 40.8% 25.4% 78.9%
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 (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/sri-lanka | CC BY

In 2025, Indonesia's government spending was $234B, accounting for 16.2% of its GDP, while Sri Lanka spent $19B, or 19.1% of GDP.

Debt-to-GDP ratio is 41% in Indonesia and 100.8% in Sri Lanka, ranking 130/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Indonesia Sri Lanka
2025 -2.92% -
2024 -2.28% -5.43%
2023 -1.64% -8.32%
2022 -2.31% -10.2%
2021 -4.4% -11.7%
2020 -6.07% -13.4%
2019 -2.09% -7.52%
2018 -1.69% -4.96%
2017 -2.26% -5.1%
2016 -2.56% -5%
2015 -2.72% -6.64%
2014 -1.8% -5.99%
2013 -1.96% -5%
2012 -1.59% -5.44%
2011 -0.7% -6.01%
2010 -1.24% -6.73%
2009 -1.64% -8.33%
2008 0.05% -5.93%
2007 -0.95% -5.81%
2006 0.45% -5.91%
2005 0.46% -5.93%
2004 -0.26% -6.32%
2003 -1.08% -6.15%
2002 -0.58% -6.9%
2001 -1.76% -8.48%
2000 -1.87% -7.78%
1999 -0.96% -5.58%
1998 -1.89% -6.79%
1997 -1.03% -5.71%
1996 0.96% -6.89%
1995 0.64% -7.11%
1994 0.005% -7.41%
1993 -0.59% -5.77%
1992 -1.54% -4.95%
1991 0.51% -7.97%
1990 0.97% -6.39%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-07-08).

GeoRank.org/economy/indonesia/sri-lanka | CC BY

In 2024, Indonesia's government deficit, the difference between spending and revenue, was $31.9B, equivalent to 2.28% of GDP. This compares to Sri Lanka's deficit of $5.4B, or 5.43% of GDP.

Over the past 35 years, Indonesia recorded a fiscal deficit in 27 of those years, while Sri Lanka ran a deficit in 35 years. On average, Indonesia posted an annual deficit equal to 1.3% of GDP, compared to deficit of 6.84% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Indonesia

Sri Lanka
1x
Year Consumer prices inflation
Indonesia Sri Lanka
2025 1.91% -4.76%
2024 2.18% -0.43%
2023 3.67% 16.5%
2022 4.21% 49.7%
2021 1.56% 7.01%
2020 1.92% 6.15%
2019 3.03% 3.53%
2018 3.2% 2.14%
2017 3.81% 7.7%
2016 3.53% 3.96%
2015 6.36% 3.77%
2014 6.39% 3.18%
2013 6.41% 6.91%
2012 4.28% 7.54%
2011 5.36% 6.72%
2010 5.13% 6.22%
2009 4.39% 3.46%
2008 10.2% 22.6%
2007 6.41% 15.8%
2006 13.1% 10%
2005 10.5% 11.6%
2004 6.06% 7.58%
2003 6.76% 6.31%
2002 11.9% 9.55%
2001 11.5% 14.2%
2000 3.69% 6.18%
1999 20.5% 4.69%
1998 58.5% 9.36%
1997 6.23% 9.57%

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

GeoRank.org/economy/indonesia/sri-lanka | CC BY

Over the past 29 years, Indonesia has recorded an average annual inflation rate of 8.02%, compared with 8.86% in Sri Lanka. In 2025, inflation was 1.91% in Indonesia and -4.76% in Sri Lanka.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $160M
Machinery & equipment $92.7M
Chemicals & pharma $63.6M
Metals $60.7M
Raw materials & minerals $40.6M
Wood & paper products $31M
Textiles & consumer goods $21M
Animal & marine products $4.18M
Raw agricultural goods $1.92M
Miscellaneous $1.81M
Sri Lanka
Export category Export value
Textiles & consumer goods $27.6M
Processed food, beverages & tobacco $5.28M
Chemicals & pharma $4.73M
Machinery & equipment $4.42M
Wood & paper products $2.17M
Raw agricultural goods $1.95M
Raw materials & minerals $1.88M
Metals $163K
Miscellaneous $92K
Animal & marine products $10K

Balance of trade

Indonesia Sri Lanka
Current account balance
-$1.52B
2025
$1.21B
2024
Current account balance ranking
129/190
2025
49/190
2024
Current account balance, % of GDP
-0.11%
2025
+1.21%
2024
Goods imports
$231B
2025
$18.8B
2024
Goods exports
$280B
2025
$12.8B
2024
Service imports
$63B
2025
$3.48B
2024
Service exports
$42.5B
2025
$6.91B
2024
Imports of goods and services, % of GDP
20.5%
2025
22.8%
2025
Exports of goods and services, % of GDP
22.8%
2025
19%
2025

Economic freedom indices

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

Indonesia Sri Lanka
Economic freedom 65.1 50.3
Economic freedom ranking 67/197 162/197
Property rights 39.7 47.3
Government integrity 42 37.3
Judicial effectiveness 43.1 47.2
Tax burden 81.5 77
Government spending 91.4 89
Fiscal health 89.8 0
Business freedom 69.2 60.1
Labor freedom 56.8 54.3
Monetary freedom 79.4 65.9
Trade freedom 78.6 65.6
Investment freedom 50 30
Financial freedom 60 30

Economic freedom comparison by year

Indonesia
Sri Lanka
1x
Year Economic freedom index
Indonesia Sri Lanka
2026 65.1 50.3
2025 65.2 49.4
2024 63.5 49.2
2023 63.5 52.2
2022 64.4 53.3
2021 66.9 55.7
2020 67.2 57.4
2019 65.8 56.4
2018 64.2 57.8
2017 61.9 57.4
2016 59.4 59.9
2015 58.1 58.6
2014 58.5 60
2013 56.9 60.7
2012 56.4 58.3
2011 56 57.1
2010 55.5 54.6
2009 53.4 56
2008 53.2 58.4
2007 53.2 59.4
2006 51.9 58.7
2005 52.9 61
2004 52.1 61.6
2003 55.8 62.5
2002 54.8 64
2001 52.5 66
2000 55.2 63.2
1999 61.5 64
1998 63.4 64.6
1997 62 65.5
1996 61 62.5
1995 54.9 60.6

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

GeoRank.org/economy/indonesia/sri-lanka | CC BY

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Sri Lanka
Services, % of GDP
43.9%
2025
54.6%
2025
Industry, % of GDP
38.7%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
13.1%
2025
8.36%
2025
GNI, Atlas method
$1.46T
2025
$102B
2025
GNI per capita, PPP
$17,190
2025
$16,750
2025
Total reserves including gold
$157B
2025
$6.09B
2024
Total reserves ranking
22/177
2025
96/177
2024
Net foreign direct investment
-$14.4B
2025
-$651M
2024
Net inflows of foreign direct investment
$24.3B
2024
$761M
2024
Net outflows of foreign direct investment
$8.39B
2024
$110M
2024
Servicing debt to the IMF, % of GNI
5.64%
2024
4.96%
2024
Poverty at national poverty lines
9%
2024
14.3%
2019
Gross capital formation, % of GDP
30.6%
2025
29.6%
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/sri-lanka | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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 (2024–2025, 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.