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Economy of Indonesia vs Togo compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $10.7B for Togo, ranking 16/197 and 154/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $7.68B (72.1% of GDP) in Togo.

Indonesia vs Togo GDP by year

Indonesia
Togo
1x
Year GDP, current $
Indonesia Togo
2024 $1,396,300,098,191 $10,651,180,147
2023 $1,371,169,301,564 $9,816,236,303
2022 $1,319,101,183,380 $8,646,453,099
2021 $1,186,509,691,087 $8,541,668,141
2020 $1,059,054,842,698 $7,486,031,562
2019 $1,119,099,871,350 $6,992,654,019
2018 $1,042,271,532,989 $7,029,215,766
2017 $1,015,618,744,160 $6,387,424,240
2016 $931,877,364,038 $6,071,167,584
2015 $860,854,232,686 $5,755,457,836
2014 $890,814,755,534 $6,393,314,708
2013 $912,524,136,718 $6,021,729,630
2012 $917,869,913,333 $5,413,541,649
2011 $892,969,104,563 $5,422,439,152
2010 $755,094,157,622 $4,746,386,893
2009 $539,580,085,612 $4,721,888,275
2008 $510,228,634,992 $4,578,847,113
2007 $432,216,737,775 $3,759,962,853
2006 $364,570,515,618 $3,320,907,722
2005 $285,868,619,196 $3,221,910,408
2004 $256,836,875,295 $3,191,561,509
2003 $234,772,463,824 $2,987,984,051
2002 $195,660,611,165 $2,410,199,032
2001 $160,446,947,785 $2,093,498,674
2000 $165,021,012,078 $2,106,848,752
1999 $140,001,351,215 $2,226,577,204
1998 $95,445,547,873 $2,241,650,112
1997 $215,748,998,610 $2,116,818,623
1996 $227,369,679,375 $2,069,506,014
1995 $202,132,028,723 $1,849,110,468
1994 $176,892,143,932 $1,387,662,121
1993 $158,006,700,302 $1,741,944,426
1992 $128,026,966,580 $2,390,796,916
1991 $116,621,996,217 $2,262,767,860
1990 $106,140,727,334 $2,299,665,506
1989 $94,451,427,877 $1,910,635,575
1988 $84,300,174,486 $1,947,208,354
1987 $75,929,617,558 $1,763,978,066
1986 $79,954,072,545 $1,498,219,579
1985 $85,289,488,375 $1,076,604,520
1984 $84,853,700,028 $1,014,170,069
1983 $81,052,283,384 $1,081,387,265
1982 $90,158,449,295 $1,160,337,039
1981 $85,518,233,419 $1,359,026,709
1980 $72,482,337,397 $1,604,836,916
1979 $51,400,186,343 $1,259,365,712
1978 $51,455,719,076 $1,164,025,637
1977 $45,808,915,663 $1,097,893,826
1976 $37,269,156,627 $874,681,612
1975 $30,463,855,422 $871,781,687
1974 $25,802,409,639 $791,450,308
1973 $16,273,253,012 $574,030,984
1972 $10,997,590,361 $474,043,922
1971 $9,333,536,370 $404,648,368
1970 $9,150,684,932 $358,665,754
1969 $8,337,423,313 $378,091,810
1968 $7,076,465,300 $341,691,567
1967 $5,667,756,628 $327,215,844
1966 - $305,227,595
1965 - $264,505,506
1964 - $234,572,186
1963 - $202,305,865
1962 - $186,745,758
1961 - $178,497,098
1960 - $171,057,069

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

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

GDP per capita in Indonesia vs Togo by year

Indonesia
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $1,119 $3,365
2023 $4,876 $15,416 $1,055 $3,154
2022 $4,731 $14,285 $951 $2,935
2021 $4,287 $12,757 $962 $2,639
2020 $3,854 $11,729 $863 $2,384
2019 $4,107 $11,986 $826 $2,215
2018 $3,861 $11,372 $851 $2,067
2017 $3,799 $10,688 $793 $1,986
2016 $3,521 $10,263 $773 $1,933
2015 $3,288 $10,028 $751 $1,880
2014 $3,441 $10,065 $856 $1,803
2013 $3,567 $9,866 $827 $1,715
2012 $3,632 $9,530 $762 $1,645
2011 $3,579 $8,937 $784 $1,616
2010 $3,066 $8,353 $705 $1,537
2009 $2,218 $7,868 $721 $1,474
2008 $2,125 $7,569 $719 $1,429
2007 $1,823 $7,096 $608 $1,387
2006 $1,558 $6,583 $553 $1,407
2005 $1,238 $6,134 $551 $1,368
2004 $1,127 $5,700 $560 $1,427
2003 $1,043 $5,353 $538 $1,440
2002 $881 $5,076 $445 $1,357
2001 $732 $4,849 $397 $1,320
2000 $764 $4,639 $410 $1,315
1999 $657 $4,386 $445 $1,332
1998 $455 $4,356 $461 $1,318
1997 $1,045 $5,037 $448 $1,373
1996 $1,119 $4,807 $452 $1,218
1995 $1,011 $4,451 $419 $1,140
1994 $900 $4,096 $329 $1,082
1993 $817 $3,793 $414 $925
1992 $674 $3,538 $565 $1,057
1991 $624 $3,305 $550 $1,107
1990 $578 $3,044 $575 $1,110
1989 $524 - $492 -
1988 $477 - $517 -
1987 $438 - $482 -
1986 $470 - $422 -
1985 $511 - $313 -
1984 $520 - $304 -
1983 $508 - $336 -
1982 $578 - $372 -
1981 $561 - $451 -
1980 $487 - $549 -
1979 $353 - $443 -
1978 $362 - $421 -
1977 $331 - $406 -
1976 $275.7 - $332 -
1975 $231.1 - $339 -
1974 $200.7 - $315 -
1973 $129.9 - $234.4 -
1972 $90.1 - $198.8 -
1971 $78.5 - $174.6 -
1970 $79.1 - $159.8 -
1969 $74.1 - $174.7 -
1968 $64.7 - $164.3 -
1967 $53.2 - $163.9 -
1966 - - $159.1 -
1965 - - $142.7 -
1964 - - $130.1 -
1963 - - $114.6 -
1962 - - $107.8 -
1961 - - $104.8 -
1960 - - $102.2 -

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

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Togo ranks 173rd at $3,365.

Economic indicators

Indonesia Togo
Gross domestic product
$1.4T
2024
$10.7B
2024
GDP rank
16/197
2024
154/197
2024
GDP growth
5.03%
2023-2024
6.53%
2023-2024
GDP per capita
$4,925
2024
$1,119
2024
GDP per capita rank
121/197
2024
172/197
2024
GDP per capita, PPP
$16,448
2024
$3,365
2024
GDP per capita PPP rank
107/197
2024
173/197
2024
Government debt
$561B
2024
$7.68B
2024
Debt-to-GDP ratio
40.2%
2024
72.1%
2024
Government debt per person
$1,978
2024
$807
2024
Government debt per person rank
120/185
2024
149/185
2024
Average annual personal income after taxes
$3,371
2026
$1,661
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
29.6%
2021
Income share by poorest 10%
3.5%
2024
2.8%
2021
Government expenditure, % of GDP
16.8%
2024
26.4%
2024
Consumer prices inflation
2.18%
2023-2024
2.86%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
1.97%
2022
Population
288551776
9990340

Spending and national debt comparison by year

Indonesia
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Indonesia Togo
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 26.4% 72.1%
2023 16.6% 39.6% 26.6% 68.6%
2022 17.3% 40.1% 26% 67%
2021 18.1% 41.1% 21.8% 64.9%
2020 18.4% 39.7% 23.7% 62.2%
2019 16.4% 30.6% 16.6% 54.9%
2018 16.6% 30.4% 18.8% 58%
2017 16.4% 29.4% 16.3% 57.1%
2016 16.9% 28% 22.9% 59.9%
2015 17.6% 27% 22.9% 52.4%
2014 18.4% 24.6% 21.9% 44.9%
2013 18.8% 24.9% 20.5% 41.1%
2012 18.8% 23% 19.1% 34.3%
2011 17.7% 23.1% 18.2% 37%
2010 16.9% 26.4% 15.1% 33.5%
2009 17% 26.5% 14.3% 57.6%
2008 19.4% 30.3% 12.4% 67.3%
2007 18.7% 38.1% 13.7% 70.5%
2006 18.4% 35.8% 14.7% 67.7%
2005 17.4% 42.6% 13.3% 63.1%
2004 17.8% 51.3% 10.6% 48.7%
2003 18.2% 55.6% 8.88% 50%
2002 16.9% 62.3% 8.42% 54.8%
2001 19.5% 73.7% 10.9% 68.5%
2000 15.3% 87.4% 11.9% 66.5%
1999 15.1% 95.9% 11.9% 59.9%
1998 15.1% 72.5% 12.8% 62.8%
1997 15.2% 26.4% 10.6% 54.4%
1996 11.5% 27.5% 12.4% 60.4%
1995 11.9% 32% 12.7% 64.8%
1994 13.5% 37% 13.2% 79%
1993 14.1% 40.4% 14.8% 58.3%
1992 16.8% 42.6% 12.6% 45%
1991 15% 39.2% 14.6% 46.9%
1990 15.8% 40.8% 16.8% 44.7%
1989 16.5% 42.5% 16.9% 46.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2004, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Togo spent $2.81B, or 26.4% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 72.1% in Togo, ranking 132/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Togo
1x
Year Deficit/surplus, % of GDP
Indonesia Togo
2024 -2.3% -7.43%
2023 -1.64% -6.73%
2022 -2.31% -8.33%
2021 -4.4% -4.65%
2020 -6.07% -7.05%
2019 -2.09% 1.67%
2018 -1.69% -0.59%
2017 -2.26% -0.21%
2016 -2.56% -7.02%
2015 -2.72% -7.04%
2014 -1.8% -7.11%
2013 -1.96% -5.08%
2012 -1.59% -4.63%
2011 -0.7% -4.48%
2010 -1.24% -1.66%
2009 -1.64% -2.63%
2008 0.05% -0.59%
2007 -0.95% -1.83%
2006 0.45% -1.94%
2005 0.46% -1.67%
2004 -0.26% 0.61%
2003 -1.08% 1.43%
2002 -0.58% -0.28%
2001 -1.76% -0.72%
2000 -1.87% -3.45%
1999 -0.96% -1.76%
1998 -1.89% -3.25%
1997 -1.03% -0.98%
1996 0.96% -3.26%
1995 0.64% -2.97%
1994 0.005% -5.37%
1993 -0.59% -8.46%
1992 -2.95% -2.27%
1991 -0.87% -3.52%
1990 -0.55% -1.65%
1989 -1.72% -2.18%
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/togo | 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 Togo's deficit of $791M, or 7.43% of GDP.

Over the past 36 years, Indonesia recorded a fiscal deficit in 30 of those years, while Togo ran a deficit in 33 years. On average, Indonesia posted an annual deficit equal to 1.43% of GDP, compared to deficit of 3.25% of GDP for Togo.

Inflation comparison by year

Inflation
Indonesia

Togo
1x
Year Consumer prices inflation
Indonesia Togo
2024 2.18% 2.86%
2023 3.67% 5.49%
2022 4.21% 7.97%
2021 1.56% 4.19%
2020 1.92% 1.7%
2019 3.03% 0.67%
2018 3.2% 0.93%
2017 3.81% -0.98%
2016 3.53% 1.29%
2015 6.36% 2.59%
2014 6.39% 0.19%
2013 6.41% 1.83%
2012 4.28% 2.58%
2011 5.36% 3.56%
2010 5.13% 1.45%
2009 4.39% 3.71%
2008 10.2% 8.69%
2007 6.41% 0.95%
2006 13.1% 2.23%
2005 10.5% 6.78%
2004 6.06% 0.39%
2003 6.76% -0.93%
2002 11.9% 3.06%
2001 11.5% 3.92%
2000 3.69% 1.86%
1999 20.5% -0.05%
1998 58.5% 0.98%
1997 6.23% 8.25%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 2.72% in Togo. In 2024, inflation was 2.18% in Indonesia and 2.86% in Togo.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $127M
Machinery & equipment $81.5M
Wood & paper products $10.9M
Chemicals & pharma $5.8M
Textiles & consumer goods $5.06M
Raw materials & minerals $3.58M
Metals $980K
Raw agricultural goods $402K
Miscellaneous $298K
Weapons & explosives $106K
Togo
Export category Export value
Processed food, beverages & tobacco $1.55M
Textiles & consumer goods $206K
Raw materials & minerals $36K
Animal & marine products $23K

Balance of trade

Indonesia Togo
Current account balance
-$8.72B
2024
-$20.7M
2020
Current account balance ranking
174/190
2024
79/190
2020
Current account balance, % of GDP
-0.62%
2024
-0.28%
2020
Goods imports
$223B
2024
$1.95B
2020
Goods exports
$263B
2024
$1.21B
2020
Service imports
$57.6B
2024
$438M
2020
Service exports
$39B
2024
$514M
2020
Imports of goods and services, % of GDP
20.4%
2024
38.1%
2024
Exports of goods and services, % of GDP
22.2%
2024
24.4%
2024

Economic freedom indices

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

Indonesia Togo
Economic freedom 65.1 51.6
Economic freedom ranking 67/197 153/197
Property rights 39.7 43.6
Government integrity 42 33.3
Judicial effectiveness 43.1 34
Tax burden 81.5 68.9
Government spending 91.4 79.2
Fiscal health 89.8 9.6
Business freedom 69.2 60.1
Labor freedom 56.8 51.9
Monetary freedom 79.4 72.5
Trade freedom 78.6 65.8
Investment freedom 50 60
Financial freedom 60 40

Economic freedom comparison by year

Indonesia
Togo
1x
Year Economic freedom index
Indonesia Togo
2026 65.1 51.6
2025 65.2 52.3
2024 63.5 50.9
2023 63.5 55.3
2022 64.4 57.2
2021 66.9 57.5
2020 67.2 54.1
2019 65.8 50.3
2018 64.2 47.8
2017 61.9 53.2
2016 59.4 53.6
2015 58.1 53
2014 58.5 49.9
2013 56.9 48.8
2012 56.4 48.3
2011 56 49.1
2010 55.5 47.1
2009 53.4 48.7
2008 53.2 48.9
2007 53.2 49.7
2006 51.9 47.3
2005 52.9 48.2
2004 52.1 47
2003 55.8 46.8
2002 54.8 45.2
2001 52.5 45.3
2000 55.2 46.4
1999 61.5 48.2
1998 63.4 -
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/togo | CC BY

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Togo
Services, % of GDP
43.8%
2024
49.2%
2024
Industry, % of GDP
39.3%
2024
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
21.3%
2024
GNI, Atlas method
$1.39T
2024
$10.3B
2024
GNI per capita, PPP
$16,010
2024
$3,380
2024
Total reserves including gold
$156B
2024
n/a
Total reserves ranking
20/177
2024
n/a
Net foreign direct investment
-$15.9B
2024
-$53.1M
2020
Net inflows of foreign direct investment
$24.2B
2024
$83.8M
2024
Net outflows of foreign direct investment
$8.39B
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
3.21%
2024
Poverty at national poverty lines
9%
2024
43.8%
2021
Gross capital formation, % of GDP
31.4%
2024
20.8%
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/togo | 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 (1951–2004, 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 (2020–2024, 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.