Bank Indonesia published updated external debt statistics showing Indonesia’s external debt declined to USD 423.8bn in November 2025 from USD 424.9bn in October. Year-on-year growth slowed to 0.2% from 0.5%, reflecting weaker growth in public sector external debt. Government external debt fell to USD 209.8bn from USD 210.5bn, with annual growth moderating to 3.3% from 4.7%, linked to rebalancing in government securities ownership amid persistent global financial market uncertainty. The largest uses by sector were human health and social activities (22.2%), public administration, defence and compulsory social security (19.7%), education (16.4%), construction (11.7%), and transportation and storage (8.6%), with 99.99% at long-term maturities. Private external debt decreased to USD 191.2bn from USD 191.7bn, with the year-on-year contraction easing to 1.3% from 1.5%, alongside a shallower contraction in non-financial corporations’ external debt at 0.4%; manufacturing, insurance and financial services, electricity and gas supply, and mining and quarrying accounted for 80.5% of private external debt. The external debt-to-GDP ratio edged down to 29.3% from 29.4%, and long-term debt represented 86.1% of total external debt. Bank Indonesia said it will continue coordinating with the Government to monitor external debt developments; the latest data and metadata are provided in the January 2026 edition of Indonesia’s External Debt Statistics (SULNI) on the Bank Indonesia and Ministry of Finance websites.

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