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Indonesia's Central Government Debt (% of GDP), 1990-2022

Indonesia's Central Government Debt (% of GDP), 1990-2022

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TGM StatBox. (2024). Indonesia's Central Government Debt (% of GDP), 1990-2022. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2022
Country: Indonesia
Published date: 2024
Note: The Central Government Debt (Percent of GDP) by the International Monetary Fund (IMF) refers to the total debt owed by a country's central government as a percentage of its Gross Domestic Product (GDP).
Key Takeaways
Indonesia's debt-to-GDP ratio dropped dramatically from 37.1% in 1990 to 23.34% in 1997, reflecting fiscal discipline. However, the Asian Financial Crisis caused a sharp rise to 87.44% by 2000, as the government implemented bailouts and reforms.

Subsequent economic recovery and strong growth reduced debt steadily, reaching 22.95% in 2012. The COVID-19 pandemic caused a reversal, with debt peaking at 40.7% in 2021, followed by slight recovery to 39.48% in 2022.

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