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Economy of Indonesia vs Uruguay compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $81B for Uruguay, ranking 16/197 and 81/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Indonesia vs Uruguay GDP by year

Indonesia
Uruguay
1x
Year GDP, current $
Indonesia Uruguay
2024 $1,396,300,098,191 $80,961,511,074
2023 $1,371,169,301,564 $77,991,666,838
2022 $1,319,101,183,380 $70,594,110,920
2021 $1,186,509,691,087 $60,739,084,241
2020 $1,059,054,842,698 $53,559,359,262
2019 $1,119,099,871,350 $62,222,313,619
2018 $1,042,271,532,989 $65,344,577,416
2017 $1,015,618,744,160 $65,005,997,963
2016 $931,877,364,038 $57,480,787,465
2015 $860,854,232,686 $57,680,327,999
2014 $890,814,755,534 $61,496,186,974
2013 $912,524,136,718 $61,337,621,934
2012 $917,869,913,333 $54,232,266,359
2011 $892,969,104,563 $50,342,406,067
2010 $755,094,157,622 $41,950,361,212
2009 $539,580,085,612 $32,708,319,078
2008 $510,228,634,992 $31,119,602,539
2007 $432,216,737,775 $23,797,773,024
2006 $364,570,515,618 $19,741,420,740
2005 $285,868,619,196 $17,362,857,684
2004 $256,836,875,295 $13,686,329,890
2003 $234,772,463,824 $12,045,638,352
2002 $195,660,611,165 $13,606,515,723
2001 $160,446,947,785 $20,898,761,742
2000 $165,021,012,078 $22,823,270,892
1999 $140,001,351,215 $23,983,945,191
1998 $95,445,547,873 $25,385,886,978
1997 $215,748,998,610 $23,969,739,234
1996 $227,369,679,375 $20,515,458,114
1995 $202,132,028,723 $19,297,663,097
1994 $176,892,143,932 $17,474,588,896
1993 $158,006,700,302 $15,002,136,971
1992 $128,026,966,580 $12,878,148,791
1991 $116,621,996,217 $11,206,176,651
1990 $106,140,727,334 $9,298,807,850
1989 $94,451,427,877 $8,438,951,476
1988 $84,300,174,486 $8,213,538,369
1987 $75,929,617,558 $7,367,494,080
1986 $79,954,072,545 $5,880,112,788
1985 $85,289,488,375 $4,732,017,873
1984 $84,853,700,028 $4,850,238,550
1983 $81,052,283,384 $5,102,276,308
1982 $90,158,449,295 $9,178,780,077
1981 $85,518,233,419 $11,048,301,421
1980 $72,482,337,397 $10,163,020,116
1979 $51,400,186,343 $7,181,182,224
1978 $51,455,719,076 $4,910,254,566
1977 $45,808,915,663 $4,114,670,014
1976 $37,269,156,627 $3,667,161,241
1975 $30,463,855,422 $3,538,278,047
1974 $25,802,409,639 $4,090,209,682
1973 $16,273,253,012 $3,964,296,443
1972 $10,997,590,361 $2,189,418,689
1971 $9,333,536,370 $2,807,258,065
1970 $9,150,684,932 $2,137,096,774
1969 $8,337,423,313 $2,004,435,484
1968 $7,076,465,300 $1,593,674,185
1967 $5,667,756,628 $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Indonesia vs Uruguay by year

Indonesia
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $23,907 $36,418
2023 $4,876 $15,416 $23,019 $34,471
2022 $4,731 $14,285 $20,819 $33,001
2021 $4,287 $12,757 $17,882 $29,432
2020 $3,854 $11,729 $15,758 $25,725
2019 $4,107 $11,986 $18,316 $25,783
2018 $3,861 $11,372 $19,250 $24,386
2017 $3,799 $10,688 $19,185 $23,607
2016 $3,521 $10,263 $17,010 $22,841
2015 $3,288 $10,028 $17,126 $22,169
2014 $3,441 $10,065 $18,322 $21,868
2013 $3,567 $9,866 $18,335 $20,661
2012 $3,632 $9,530 $16,260 $19,495
2011 $3,579 $8,937 $15,132 $19,135
2010 $3,066 $8,353 $12,641 $17,873
2009 $2,218 $7,868 $9,881 $16,422
2008 $2,125 $7,569 $9,424 $15,694
2007 $1,823 $7,096 $7,222 $14,397
2006 $1,558 $6,583 $6,001 $13,179
2005 $1,238 $6,134 $5,284 $12,296
2004 $1,127 $5,700 $4,169 $11,103
2003 $1,043 $5,353 $3,671 $10,303
2002 $881 $5,076 $4,150 $10,030
2001 $732 $4,849 $6,383 $10,719
2000 $764 $4,639 $6,988 $10,929
1999 $657 $4,386 $7,371 $10,938
1998 $455 $4,356 $7,837 $11,002
1997 $1,045 $5,037 $7,436 $10,461
1996 $1,119 $4,807 $6,398 $9,524
1995 $1,011 $4,451 $6,050 $8,906
1994 $900 $4,096 $5,508 $8,897
1993 $817 $3,793 $4,753 $8,162
1992 $674 $3,538 $4,102 $7,808
1991 $624 $3,305 $3,589 $7,112
1990 $578 $3,044 $2,995 $6,683
1989 $524 - $2,734 -
1988 $477 - $2,677 -
1987 $438 - $2,416 -
1986 $470 - $1,939 -
1985 $511 - $1,568 -
1984 $520 - $1,615 -
1983 $508 - $1,707 -
1982 $578 - $3,085 -
1981 $561 - $3,728 -
1980 $487 - $3,443 -
1979 $353 - $2,443 -
1978 $362 - $1,678 -
1977 $331 - $1,414 -
1976 $275.7 - $1,268 -
1975 $231.1 - $1,232 -
1974 $200.7 - $1,433 -
1973 $129.9 - $1,397 -
1972 $90.1 - $776 -
1971 $78.5 - $1,000 -
1970 $79.1 - $766 -
1969 $74.1 - $723 -
1968 $64.7 - $579 -
1967 $53.2 - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Uruguay ranks 61st at $36,418.

Economic indicators

Indonesia Uruguay
Gross domestic product
$1.4T
2024
$81B
2024
GDP rank
16/197
2024
81/197
2024
GDP growth
5.03%
2023-2024
3.11%
2023-2024
GDP per capita
$4,925
2024
$23,907
2024
GDP per capita rank
121/197
2024
52/197
2024
GDP per capita, PPP
$16,448
2024
$36,418
2024
GDP per capita PPP rank
107/197
2024
61/197
2024
Government debt
$561B
2024
$55.6B
2024
Debt-to-GDP ratio
40.2%
2024
68.7%
2024
Government debt per person
$1,978
2024
$16,421
2024
Government debt per person rank
120/185
2024
38/185
2024
Average annual personal income after taxes
$3,371
2026
$12,433
2026
Market capitalization of domestic companies
$758B
2023
$284M
1996
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
30%
2024
Income share by poorest 10%
3.5%
2024
2.2%
2024
Government expenditure, % of GDP
16.8%
2024
31.1%
2024
Consumer prices inflation
2.18%
2023-2024
4.85%
2023-2024
Central bank interest rate
4.75%
2025
8.25%
2025
Unemployment rate
3.31%
2023
8.21%
2024
Population
288551776
3382789

Spending and national debt comparison by year

Indonesia
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Indonesia Uruguay
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 31.1% 68.7%
2023 16.6% 39.6% 30.5% 64%
2022 17.3% 40.1% 30% 59.9%
2021 18.1% 41.1% 30.2% 64.1%
2020 18.4% 39.7% 32.8% 68.2%
2019 16.4% 30.6% 30.6% 59.6%
2018 16.6% 30.4% 30.3% 57.9%
2017 16.4% 29.4% 29.7% 55.8%
2016 16.9% 28% 29.7% 56.4%
2015 17.6% 27% 28.4% 57.8%
2014 18.4% 24.6% 29.1% 51.1%
2013 18.8% 24.9% 28.8% 50%
2012 18.8% 23% 27.7% 49.8%
2011 17.7% 23.1% 26.3% 41.3%
2010 16.9% 26.4% 27.4% 40.9%
2009 17% 26.5% 27.2% 46.2%
2008 19.4% 30.3% 26.3% 46.2%
2007 18.7% 38.1% 26.8% 52.8%
2006 18.4% 35.8% 26.8% 61.1%
2005 17.4% 42.6% 26.3% 66.2%
2004 17.8% 51.3% 26.6% 73.7%
2003 18.2% 55.6% 27.7% 91.9%
2002 16.9% 62.3% 27.6% 90.1%
2001 19.5% 73.7% 27.8% 39.4%
2000 15.3% 87.4% 26.6% 30.5%
1999 15.1% 95.9% 27.2% 24.1%
1998 15.1% 72.5% 27.3% 19.4%
1997 15.2% 26.4% 27.6% 18.8%
1996 11.5% 27.5% 26.5% 18.3%
1995 11.9% 32% 26.2% 18.5%
1994 13.5% 37% 29.5% 19.3%
1993 14.1% 40.4% 27.7% 20%
1992 16.8% 42.6% 23.6% 22.2%
1991 15% 39.2% 22.2% 20.4%
1990 15.8% 40.8% 21.1% 26.2%
1989 16.5% 42.5% 37% -
1988 17.3% 45.6% 26% 34.8%
1987 18% 49.7% 24.4% 37.3%
1986 20.9% 38.3% 25.1% 34.6%
1985 18.5% 28% 24.6% 29%
1984 16.1% 23.5% 25.6% 39.5%
1983 18.2% 23.1% 26.5% 21.2%
1982 18.8% 18.6% 29.5% 13.5%
1981 24.4% 16.4% 25% 4.32%
1980 22.1% 17.3% 21.8% 4.59%
1979 20.9% 22% 20.2% 3.98%
1978 20.1% 30.3% 22.9% 5.64%
1977 19.5% 27.7% 23.5% 7.26%
1976 21.8% 38.1% 24.2% 8.67%
1975 20.5% 36.7% 23% 8.13%
1974 17.3% 34.4% 23.8% 7.61%
1973 16.3% 43.1% 22.6% 7%
1972 15.7% 51.2% 24.6% 9.12%
1971 14.5% 50.5% 20.1% 9.3%
1970 13.8% 46.7% 15.1% 6.11%
1969 12.8% - 14.6% -
1968 8.82% - 14.1% -
1967 10.4% - 14.7% -
1966 9.18% - 14.1% -
1965 10.7% - 15.6% -
1964 9.55% - 14.3% -
1963 10.3% - 14.6% -
1962 7.89% - 16% -
1961 15.1% - 13% -
1960 14.4% - 9.9% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 68.7% in Uruguay, ranking 132/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Uruguay
1x
Year Deficit/surplus, % of GDP
Indonesia Uruguay
2024 -2.3% -3.22%
2023 -1.64% -3.13%
2022 -2.31% -2.52%
2021 -4.4% -2.61%
2020 -6.07% -4.64%
2019 -2.09% -2.71%
2018 -1.69% -1.89%
2017 -2.26% -2.51%
2016 -2.56% -2.68%
2015 -2.72% -1.86%
2014 -1.8% -2.6%
2013 -1.96% -1.72%
2012 -1.59% -2.17%
2011 -0.7% -0.33%
2010 -1.24% -0.39%
2009 -1.64% -1.39%
2008 0.05% -1.31%
2007 -0.95% -0.16%
2006 0.45% -0.64%
2005 0.46% -0.28%
2004 -0.26% -0.87%
2003 -1.08% -2.19%
2002 -0.58% -3.19%
2001 -1.76% -2.85%
2000 -1.87% -2.76%
1999 -0.96% -2.76%
1998 -1.89% -0.76%
1997 -1.03% -0.97%
1996 0.96% -1.32%
1995 0.64% -1.08%
1994 0.005% -2.37%
1993 -0.59% -0.47%
1992 -2.95% 0.6%
1991 -0.87% 0.88%
1990 -0.55% 0.49%
1989 -1.72% -13.1%
1988 -2.68% -1.47%
1987 -0.9% -0.66%
1986 -2.94% -0.34%
1985 -0.45% -1.88%
1984 1.83% -4.94%
1983 -1% -3.54%
1982 -1.11% -8.22%
1981 -0.69% -1.15%
1980 -0.82% 0.43%
1979 -0.67% 0.99%
1978 -2.03% -0.47%
1977 -0.38% -0.69%
1976 -2.63% -2.01%
1975 -2.33% -4.38%
1974 -0.35% -3.74%
1973 -1.33% -1.09%
1972 -1.82% -2.25%
1971 -2.51% -5.86%
1970 -3.02% -1.33%
1969 -2.8% -2.37%
1968 0% -2.93%
1967 -0.35% -4.12%
1966 -5.06% -2.01%
1965 -6.62% -5.14%
1964 -5.58% -3.61%
1963 -5.24% -4.4%
1962 -3.1% -5.02%
1961 -4.57% -0.86%
1960 -1.65% 0.79%
1959 -4.06% 0.64%
1958 -6.67% -1.38%
1957 -2.92% -0.72%
1956 -1.38% 0.04%
1955 -1.6% -1.24%
1954 -3.16% -
1953 -2.33% -
1952 -3.66% -
1951 1.52% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1951–1998, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/indonesia/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 58 years, Indonesia recorded a fiscal deficit in 50 of those years, while Uruguay ran a deficit in 53 years. On average, Indonesia posted an annual deficit equal to 1.39% of GDP, compared to deficit of 2.13% of GDP for Uruguay.

Inflation comparison by year

Inflation
Indonesia

Uruguay
1x
Year Consumer prices inflation
Indonesia Uruguay
2024 2.18% 4.85%
2023 3.67% 5.87%
2022 4.21% 9.1%
2021 1.56% 7.75%
2020 1.92% 9.76%
2019 3.03% 7.88%
2018 3.2% 7.61%
2017 3.81% 6.22%
2016 3.53% 9.64%
2015 6.36% 8.67%
2014 6.39% 8.88%
2013 6.41% 8.58%
2012 4.28% 8.1%
2011 5.36% 8.09%
2010 5.13% 6.7%
2009 4.39% 7.06%
2008 10.2% 7.88%
2007 6.41% 8.11%
2006 13.1% 6.4%
2005 10.5% 4.7%
2004 6.06% 9.16%
2003 6.76% 19.4%
2002 11.9% 14%
2001 11.5% 4.36%
2000 3.69% 4.76%
1999 20.5% 5.66%
1998 58.5% 10.8%
1997 6.23% 19.8%

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

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 8.56% in Uruguay. In 2024, inflation was 2.18% in Indonesia and 4.85% in Uruguay.

Top exports between countries

Indonesia
Export category Export value
Textiles & consumer goods $19.4M
Raw materials & minerals $16.1M
Processed food, beverages & tobacco $11.4M
Machinery & equipment $10.2M
Chemicals & pharma $4.03M
Raw agricultural goods $3.55M
Wood & paper products $632K
Precious metals & jewellery $119K
Metals $17K
Animal & marine products $11K
Uruguay
Export category Export value
Wood & paper products $8.62M
Animal & marine products $4.12M
Chemicals & pharma $134K
Raw agricultural goods $113K
Raw materials & minerals $10K
Precious metals & jewellery $5K
Processed food, beverages & tobacco $2K

Balance of trade

Indonesia Uruguay
Current account balance
-$8.72B
2024
-$633M
2024
Current account balance ranking
174/190
2024
111/190
2024
Current account balance, % of GDP
-0.62%
2024
-0.78%
2024
Goods imports
$223B
2024
$13B
2024
Goods exports
$263B
2024
$16.3B
2024
Service imports
$57.6B
2024
$6.22B
2024
Service exports
$39B
2024
$7.1B
2024
Imports of goods and services, % of GDP
20.4%
2024
23.7%
2024
Exports of goods and services, % of GDP
22.2%
2024
28.8%
2024

Economic freedom indices

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

Indonesia Uruguay
Economic freedom 65.1 69.8
Economic freedom ranking 67/197 39/197
Property rights 39.7 87.4
Government integrity 42 79
Judicial effectiveness 43.1 80.9
Tax burden 81.5 73.3
Government spending 91.4 72
Fiscal health 89.8 76.6
Business freedom 69.2 83.8
Labor freedom 56.8 61.7
Monetary freedom 79.4 70.2
Trade freedom 78.6 73.2
Investment freedom 50 50
Financial freedom 60 30

Economic freedom comparison by year

Indonesia
Uruguay
1x
Year Economic freedom index
Indonesia Uruguay
2026 65.1 69.8
2025 65.2 70.2
2024 63.5 69.8
2023 63.5 70.2
2022 64.4 70
2021 66.9 69.3
2020 67.2 69.1
2019 65.8 68.6
2018 64.2 69.2
2017 61.9 69.7
2016 59.4 68.8
2015 58.1 68.6
2014 58.5 69.3
2013 56.9 69.7
2012 56.4 69.9
2011 56 70
2010 55.5 69.8
2009 53.4 69.1
2008 53.2 67.9
2007 53.2 68.4
2006 51.9 65.3
2005 52.9 66.9
2004 52.1 66.7
2003 55.8 69.8
2002 54.8 68.7
2001 52.5 70.7
2000 55.2 69.3
1999 61.5 68.5
1998 63.4 68.6
1997 62 67.5
1996 61 63.7
1995 54.9 62.5

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Indonesia Uruguay
Services, % of GDP
43.8%
2024
65.3%
2024
Industry, % of GDP
39.3%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
6.42%
2024
GNI, Atlas method
$1.39T
2024
$73.3B
2024
GNI per capita, PPP
$16,010
2024
$34,170
2024
Total reserves including gold
$156B
2024
$17.4B
2024
Total reserves ranking
20/177
2024
66/177
2024
Net foreign direct investment
-$15.9B
2024
$2.58B
2024
Net inflows of foreign direct investment
$24.2B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$8.39B
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
n/a
Poverty at national poverty lines
9%
2024
17.3%
2024
Gross capital formation, % of GDP
31.4%
2024
15.6%
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/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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.