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.
Bank Indonesia reports Indonesia’s external debt fell to USD 423.8bn in November 2025
Bank Indonesia reported a decline in Indonesia's external debt to USD 423.8 billion in November 2025, with year-on-year growth slowing to 0.2% due to weaker public sector debt growth. The external debt-to-GDP ratio decreased slightly to 29.3%, and Bank Indonesia will continue monitoring developments in coordination with the Government.