China vs Indonesia

China vs Indonesia: Government debt

Government debt in 2025: 98.6% of GDP in China and 40.9% of GDP in Indonesia, by IMF estimates. In 2025 the value was higher in China, by 57.7 percentage points, or 2.41 times that in Indonesia.

% of GDP · IMF

China vs Indonesia: Government debtGovernment debt in 2025: 98.6% of GDP in China and 40.9% of GDP in Indonesia, by IMF estimates. In 2025 the value was higher in China, by 57.7 percentage points, or 2.41 times that in Indonesia.
ChinaIndonesiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • China has been higher since 2009, when it overtook Indonesia.
  • In 2025, China ranked 17 and Indonesia ranked 101 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts China at 122.1% of GDP and Indonesia at 41.6% of GDP in 2031.

Every year

% of GDP · IMF

YearChinaIndonesia
202598.640.9
202490.540.2
202384.139.6
202277.340.1
202172.141.1
202070.639.8
201959.930.6
201855.730.4
201753.729.4
20165028
201540.927
201439.424.6
201336.624.9
201233.923
20113323.1
201033.126.4
200933.926.5
200826.630.3
200728.838.1
200625.235.9
20052642.6
200425.951.3
200326.455.6
200225.562.3
200124.273.7
200022.687.4
199921.6–
199820.4–
199720.4–
199621.2–
199521.4–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearChinaIndonesia
2026104.441.7
2027109.141.6
2028113.241.4
2029116.441.5
2030119.541.6
2031122.141.6

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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