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Economy of Indonesia vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $14.2B for Tajikistan, ranking 16/197 and 145/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $3.54B (24.9% of GDP) in Tajikistan.

Indonesia vs Tajikistan GDP by year

Indonesia
Tajikistan
1x
Year GDP, current $
Indonesia Tajikistan
2024 $1,396,300,098,191 $14,204,575,549
2023 $1,371,169,301,564 $12,244,169,293
2022 $1,319,101,183,380 $10,713,525,200
2021 $1,186,509,691,087 $8,937,805,347
2020 $1,059,054,842,698 $8,133,963,551
2019 $1,119,099,871,350 $8,300,813,599
2018 $1,042,271,532,989 $7,764,999,999
2017 $1,015,618,744,160 $7,536,402,853
2016 $931,877,364,038 $6,992,416,097
2015 $860,854,232,686 $8,271,431,485
2014 $890,814,755,534 $9,112,605,459
2013 $912,524,136,718 $8,448,411,318
2012 $917,869,913,333 $7,633,036,903
2011 $892,969,104,563 $6,522,756,255
2010 $755,094,157,622 $5,642,221,099
2009 $539,580,085,612 $4,979,472,364
2008 $510,228,634,992 $5,161,299,725
2007 $432,216,737,775 $3,719,524,541
2006 $364,570,515,618 $2,830,213,849
2005 $285,868,619,196 $2,312,352,021
2004 $256,836,875,295 $2,076,176,869
2003 $234,772,463,824 $1,555,318,261
2002 $195,660,611,165 $1,221,106,220
2001 $160,446,947,785 $1,080,772,551
2000 $165,021,012,078 $860,541,842
1999 $140,001,351,215 $1,086,612,290
1998 $95,445,547,873 $1,320,199,582
1997 $215,748,998,610 $921,518,033
1996 $227,369,679,375 $1,043,654,822
1995 $202,132,028,723 $1,231,561,860
1994 $176,892,143,932 $1,522,001,206
1993 $158,006,700,302 $1,646,623,195
1992 $128,026,966,580 $1,908,554,572
1991 $116,621,996,217 $2,536,585,366
1990 $106,140,727,334 $2,629,395,066
1989 $94,451,427,877 -
1988 $84,300,174,486 -
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 (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Indonesia vs Tajikistan by year

Indonesia
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $1,341 $5,406
2023 $4,876 $15,416 $1,178 $4,964
2022 $4,731 $14,285 $1,052 $4,514
2021 $4,287 $12,757 $897 $3,986
2020 $3,854 $11,729 $834 $3,654
2019 $4,107 $11,986 $871 $3,460
2018 $3,861 $11,372 $834 $3,069
2017 $3,799 $10,688 $829 $3,017
2016 $3,521 $10,263 $789 $2,914
2015 $3,288 $10,028 $957 $2,975
2014 $3,441 $10,065 $1,082 $3,152
2013 $3,567 $9,866 $1,028 $2,919
2012 $3,632 $9,530 $952 $2,679
2011 $3,579 $8,937 $834 $2,456
2010 $3,066 $8,353 $737 $2,291
2009 $2,218 $7,868 $665 $2,171
2008 $2,125 $7,569 $703 $2,120
2007 $1,823 $7,096 $517 $1,966
2006 $1,558 $6,583 $401 $1,810
2005 $1,238 $6,134 $334 $1,673
2004 $1,127 $5,700 $306 $1,550
2003 $1,043 $5,353 $233.6 $1,396
2002 $881 $5,076 $187 $1,257
2001 $732 $4,849 $168.7 $1,139
2000 $764 $4,639 $136.9 $1,036
1999 $657 $4,386 $175 $947
1998 $455 $4,356 $213.7 $905
1997 $1,045 $5,037 $150.1 $855
1996 $1,119 $4,807 $172 $836
1995 $1,011 $4,451 $207 $1,006
1994 $900 $4,096 $261.3 $1,148
1993 $817 $3,793 $287.6 $1,454
1992 $674 $3,538 $338 $1,721
1991 $624 $3,305 $458 $2,417
1990 $578 $3,044 $487 $2,583
1989 $524 - - -
1988 $477 - - -
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 (1967–2024, retrieved 2026-04-06).

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $1,341 in Tajikistan, ranking 166/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Tajikistan ranks 157th at $5,406.

Economic indicators

Indonesia Tajikistan
Gross domestic product
$1.4T
2024
$14.2B
2024
GDP rank
16/197
2024
145/197
2024
GDP growth
5.03%
2023-2024
8.4%
2023-2024
GDP per capita
$4,925
2024
$1,341
2024
GDP per capita rank
121/197
2024
166/197
2024
GDP per capita, PPP
$16,448
2024
$5,406
2024
GDP per capita PPP rank
107/197
2024
157/197
2024
Government debt
$561B
2024
$3.54B
2024
Debt-to-GDP ratio
40.2%
2024
24.9%
2024
Government debt per person
$1,978
2024
$335
2024
Government debt per person rank
120/185
2024
175/185
2024
Average annual personal income after taxes
$3,371
2026
$2,591
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
28.2%
2024
Income share by poorest 10%
3.5%
2024
2.9%
2024
Government expenditure, % of GDP
16.8%
2024
27.7%
2024
Consumer prices inflation
2.18%
2023-2024
3.5%
2023-2024
Central bank interest rate
4.75%
2025
7.75%
2025
Unemployment rate
3.31%
2023
0.08%
2016
Population
288551776
11038274

Spending and national debt comparison by year

Indonesia
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Indonesia Tajikistan
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 27.7% 24.9%
2023 16.6% 39.6% 28% 29.9%
2022 17.3% 40.1% 27.4% 31.8%
2021 18.1% 41.1% 27.6% 42%
2020 18.4% 39.7% 29.2% 50.9%
2019 16.4% 30.6% 28.8% 43.2%
2018 16.6% 30.4% 30.9% 46.3%
2017 16.4% 29.4% 33.8% 46.3%
2016 16.9% 28% 32.7% 42.2%
2015 17.6% 27% 31.9% 35%
2014 18.4% 24.6% 27.5% 27.9%
2013 18.8% 24.9% 27.7% 29.3%
2012 18.8% 23% 24.7% 32.5%
2011 17.7% 23.1% 24.3% 35.5%
2010 16.9% 26.4% 25.9% 36.8%
2009 17% 26.5% 23.6% 36.9%
2008 19.4% 30.3% 20.2% 30.2%
2007 18.7% 38.1% 20.3% 34.3%
2006 18.4% 35.8% 21.6% 36.8%
2005 17.4% 42.6% 22.9% 45.8%
2004 17.8% 51.3% 20.2% 49.4%
2003 18.2% 55.6% 19.1% 69.8%
2002 16.9% 62.3% 19.1% 98.3%
2001 19.5% 73.7% 17.3% 99.4%
2000 15.3% 87.4% 18.1% 111.4%
1999 15.1% 95.9% 17.5% 107.8%
1998 15.1% 72.5% 17.1% 96.6%
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/tajikistan | CC BY

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Tajikistan spent $3.93B, or 27.7% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 24.9% in Tajikistan, ranking 132/185 and 166/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Tajikistan
1x
Year Deficit/surplus, % of GDP
Indonesia Tajikistan
2024 -2.3% 0.28%
2023 -1.64% -0.93%
2022 -2.31% -0.23%
2021 -4.4% -0.64%
2020 -6.07% -4.34%
2019 -2.09% -2.04%
2018 -1.69% -2.69%
2017 -2.26% -5.65%
2016 -2.56% -2.91%
2015 -2.72% -1.96%
2014 -1.8% 0.92%
2013 -1.96% -0.73%
2012 -1.59% 0.41%
2011 -0.7% 0.6%
2010 -1.24% -2.71%
2009 -1.64% -0.2%
2008 0.05% 1.94%
2007 -0.95% 2.13%
2006 0.45% 2%
2005 0.46% -2.83%
2004 -0.26% -2.32%
2003 -1.08% -1.74%
2002 -0.58% -2.4%
2001 -1.76% -2.11%
2000 -1.87% -4.51%
1999 -0.96% -4.03%
1998 -1.89% -5.09%
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/tajikistan | 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 Tajikistan's surplus of $39.2M, or 0.28% of GDP.

Over the past 27 years, Indonesia recorded a fiscal deficit in 24 of those years, while Tajikistan ran a deficit in 20 years. On average, Indonesia posted an annual deficit equal to 1.68% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Indonesia

Tajikistan
1x
Year Consumer prices inflation
Indonesia Tajikistan
2024 2.18% 3.5%
2023 3.67% 3.7%
2022 4.21% 6.6%
2021 1.56% 9%
2020 1.92% 8.6%
2019 3.03% 7.8%
2018 3.2% 3.8%
2017 3.81% 7.3%
2016 3.53% 5.9%
2015 6.36% 5.8%
2014 6.39% 6.1%
2013 6.41% 5%
2012 4.28% 5.8%
2011 5.36% 12.4%
2010 5.13% 6.5%
2009 4.39% 6.4%
2008 10.2% 20.4%
2007 6.41% 13.2%
2006 13.1% 10%
2005 10.5% 7.3%
2004 6.06% 7.2%
2003 6.76% 16.4%
2002 11.9% 12.2%
2001 11.5% 38.6%
2000 3.69% 32.9%
1999 20.5% 27.5%
1998 58.5% 43.2%
1997 6.23% 88%

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/tajikistan | CC BY

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 15% in Tajikistan. In 2024, inflation was 2.18% in Indonesia and 3.5% in Tajikistan.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $1.12M
Chemicals & pharma $299K
Wood & paper products $276K
Machinery & equipment $219K
Tajikistan
Export category Export value

Balance of trade

Indonesia Tajikistan
Current account balance
-$8.72B
2024
$887M
2024
Current account balance ranking
174/190
2024
54/190
2024
Current account balance, % of GDP
-0.62%
2024
+6.24%
2024
Goods imports
$223B
2024
$5.94B
2024
Goods exports
$263B
2024
$1.42B
2024
Service imports
$57.6B
2024
$971M
2024
Service exports
$39B
2024
$195M
2024
Imports of goods and services, % of GDP
20.4%
2024
48.4%
2023
Exports of goods and services, % of GDP
22.2%
2024
17.2%
2023

Economic freedom indices

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

Indonesia Tajikistan
Economic freedom 65.1 52.5
Economic freedom ranking 67/197 147/197
Property rights 39.7 28.4
Government integrity 42 18.5
Judicial effectiveness 43.1 10.1
Tax burden 81.5 94.2
Government spending 91.4 77
Fiscal health 89.8 98.6
Business freedom 69.2 60.6
Labor freedom 56.8 43.4
Monetary freedom 79.4 72.6
Trade freedom 78.6 72.2
Investment freedom 50 25
Financial freedom 60 30

Economic freedom comparison by year

Indonesia
Tajikistan
1x
Year Economic freedom index
Indonesia Tajikistan
2026 65.1 52.5
2025 65.2 51.5
2024 63.5 51.3
2023 63.5 50.6
2022 64.4 49.7
2021 66.9 55.2
2020 67.2 52.2
2019 65.8 55.6
2018 64.2 58.3
2017 61.9 58.2
2016 59.4 51.3
2015 58.1 52.7
2014 58.5 52
2013 56.9 53.4
2012 56.4 53.4
2011 56 53.5
2010 55.5 53
2009 53.4 54.6
2008 53.2 54.4
2007 53.2 53.6
2006 51.9 52.6
2005 52.9 50.4
2004 52.1 48.7
2003 55.8 46.5
2002 54.8 47.3
2001 52.5 46.8
2000 55.2 44.8
1999 61.5 41.2
1998 63.4 41.1
1997 62 -
1996 61 -
1995 54.9 -

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Tajikistan
Services, % of GDP
43.8%
2024
34.7%
2023
Industry, % of GDP
39.3%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
22.9%
2023
GNI, Atlas method
$1.39T
2024
$17.5B
2024
GNI per capita, PPP
$16,010
2024
$7,100
2024
Total reserves including gold
$156B
2024
$3.3B
2023
Total reserves ranking
20/177
2024
117/177
2023
Net foreign direct investment
-$15.9B
2024
-$190M
2024
Net inflows of foreign direct investment
$24.2B
2024
$291M
2024
Net outflows of foreign direct investment
$8.39B
2024
$101M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
3.07%
2024
Poverty at national poverty lines
9%
2024
19.8%
2024
Gross capital formation, % of GDP
31.4%
2024
31.7%
2023

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/tajikistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, 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 (2022–2024, 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.