Bank of Indonesia published updated external debt statistics showing Indonesia’s external debt position declined to USD 427.2 billion in February 2025 from USD 427.9 billion in January 2025, with annual growth moderating to 4.7% year on year from 5.3%. The release links the movement to slower public sector debt growth and a contraction in private external debt, alongside broad-based US dollar appreciation against global currencies including the rupiah. Government external debt edged down to USD 204.7 billion and annual growth eased to 5.1% year on year, which Bank of Indonesia attributed to non-resident investors rebalancing from domestic government securities (SBN) to other instruments amid persistent global financial market uncertainty. Private external debt was stable at USD 194.8 billion but recorded a deeper 1.6% year on year contraction, driven by declines in both financial corporations (2.2%) and non-financial corporations (1.5%). Bank of Indonesia described Indonesia’s external debt structure as sound, citing an external debt-to-GDP ratio of 30.2% and long-term debt comprising 84.7% of total external debt, and said it will continue coordinating with the Government to monitor developments. The latest data and metadata are presented in the April 2025 edition of Indonesia’s External Debt Statistics (SULNI) on Bank of Indonesia’s website and via the Ministry of Finance website.
Bank of Indonesia 2025-04-17
Bank of Indonesia reports Indonesia’s external debt fell to USD 427.2 billion in February 2025
Bank of Indonesia reported a decline in Indonesia's external debt to USD 427.2 billion in February 2025, down from USD 427.9 billion in January, with annual growth slowing to 4.7% from 5.3%. The decrease is attributed to slower public sector debt growth and a contraction in private external debt, amid a broad-based US dollar appreciation. The external debt-to-GDP ratio stands at 30.2%, with long-term debt comprising 84.7% of total external debt.