Indonesia's debt-to-GDP ratio dropped dramatically from in 1990 to in 1997, reflecting fiscal discipline. However, the Asian Financial Crisis caused a sharp rise to by 2000, as the government implemented bailouts and reforms.
Subsequent economic recovery and strong growth reduced debt steadily, reaching in 2012. The COVID-19 pandemic caused a reversal, with debt peaking at in 2021, followed by slight recovery to in 2022.
Subsequent economic recovery and strong growth reduced debt steadily, reaching in 2012. The COVID-19 pandemic caused a reversal, with debt peaking at in 2021, followed by slight recovery to in 2022.
For a deeper dive into the topic, explore Indonesia’s population growth trends, Indonesia’s annual GDP growth rate, Indonesia’s government debt-to-GDP ratio.
