Bank of Indonesia published updated external debt statistics showing Indonesia’s external debt stock declined to USD 432.5bn in July 2025 from USD 434.1bn in June 2025, while year-on-year growth slowed to 4.1% from 6.3%. The moderation primarily reflected slower growth in public sector external debt, alongside valuation effects from broad-based US dollar appreciation against the rupiah. Government external debt stood at USD 211.7bn, with growth easing to 9.0% year-on-year from 10.0%, attributed to slower increases in foreign loans and government debt securities. Bank Indonesia reported that government external debt was concentrated in long-term maturities (99.9%) and used across sectors including human health and social activities (23.1%), education (17.0%), public administration, defense and compulsory social security (15.9%), construction (12.1%), and transportation and storage (8.9%). Private external debt was stable at USD 195.6bn and continued to contract by 0.3% year-on-year, driven by a deeper contraction in non-financial corporations (1.2% contraction) while financial corporations grew 3.6%; manufacturing, insurance and financial services, electricity and gas, and mining and quarrying accounted for 80.4% of private external debt. The external debt-to-GDP ratio declined to 30.0% from 30.5%, with long-term debt representing 85.5% of total external debt. Bank Indonesia pointed readers to the September 2025 edition of Indonesia’s External Debt Statistics (SULNI) for the latest data and metadata, available on the central bank’s website and via the Ministry of Finance website.

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