Bank of Indonesia released updated external debt statistics showing Indonesia’s external debt fell in the third quarter of 2025 to USD 424.4 billion from USD 432.3 billion in Q2 2025. On an annual basis, external debt contracted 0.6% year on year, reversing 6.4% growth in the prior quarter, reflecting slower growth in public-sector borrowing and a contraction in private external debt. Government external debt stood at USD 210.1 billion, with annual growth moderating to 2.9% from 10.0%, which the release linked to reduced foreign capital inflows into domestic government securities amid persistent global financial market uncertainty; 99.9% of government external debt was long-term. Private external debt decreased to USD 191.3 billion and contracted 1.9% year on year, led by a 3.0% contraction at financial corporations and a 1.7% contraction at non-financial corporations; manufacturing, insurance and financial services, electricity and gas supply, and mining and quarrying collectively accounted for around 81% of private external debt. The external-debt-to-GDP ratio fell to 29.5% from 30.4%, with long-term debt making up 86.1% of total external debt. The latest data and metadata were published in the November 2025 edition of Indonesia’s External Debt Statistics (SULNI) on the Bank of Indonesia website and via the Ministry of Finance website.
Bank of Indonesia 2025-11-17
Bank of Indonesia reports Indonesia’s external debt declined to USD 424.4 billion in Q3 2025
Bank of Indonesia reported a decline in external debt to USD 424.4 billion in Q3 2025, down from USD 432.3 billion in Q2, with a 0.6% annual contraction reversing previous growth. Government external debt grew 2.9% annually, while private external debt fell 1.9%, driven by declines in financial and non-financial corporations. The external-debt-to-GDP ratio decreased to 29.5%, with long-term debt comprising 86.1% of total external debt.