Bank of Indonesia reports Indonesia’s external debt at USD434.7 billion in January 2026 as annual growth slows to 1.7%

Bank of Indonesia published updated External Debt Statistics showing Indonesia’s external debt position at USD434.7 billion in January 2026, with annual growth easing to 1.7% year on year from 1.8% in December 2025. The update points to public sector external debt as the main influence on overall developments. Government external debt stood at USD216.3 billion, with annual growth edging up to 5.6% year on year from 5.5%, reflecting foreign loan withdrawals for government programmes and projects and foreign inflows into international government securities (SBN). Use of government external debt was concentrated in human health and social activities (22.0%), public administration, defence, and compulsory social security (20.3%), education (16.2%), construction (11.6%), and transportation and storage (8.5%), with long-term maturities accounting for 99.98%. Private external debt fell to USD193.0 billion from USD194.0 billion, with the annual contraction deepening to 0.7% year on year, driven mainly by non-financial corporations; manufacturing, insurance and financial services, electricity and gas supply, and mining and quarrying jointly accounted for 80.1% of private external debt, and 76.2% was long-term. The external debt-to-GDP ratio declined to 29.6% from 29.9% and long-term debt represented 85.6% of total external debt. Bank Indonesia noted it will continue coordinating with the Government to monitor external debt developments, with the latest data and metadata available in the March 2026 edition of Indonesia’s External Debt Statistics (SULNI).