Ethiopia vs Indonesia

Ethiopia vs Indonesia: Government debt

Government debt: 33.5% of GDP in Ethiopia in 2024 and 40.9% of GDP in Indonesia in 2025, by IMF estimates. In 2024 the value was higher in Indonesia, by 6.7 percentage points, or 1.2 times that in Ethiopia.

% of GDP · IMF

Ethiopia vs Indonesia: Government debtGovernment debt: 33.5% of GDP in Ethiopia in 2024 and 40.9% of GDP in Indonesia in 2025, by IMF estimates. In 2024 the value was higher in Indonesia, by 6.7 percentage points, or 1.2 times that in Ethiopia.
EthiopiaIndonesiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Indonesia has been higher since 2023, when it overtook Ethiopia.
  • The IMF projection (World Economic Outlook, October 2026) puts Ethiopia at 27.5% of GDP and Indonesia at 41.6% of GDP in 2031.

Every year

% of GDP · IMF

YearEthiopiaIndonesia
202543.340.9
202433.540.2
202338.739.6
20224740.1
202153.841.1
202053.339.8
201954.730.6
201858.530.4
201755.329.4
201651.828
201550.727
201444.224.6
201344.124.9
201239.423
201144.623.1
201039.426.4
20093026.5
200856.130.3
200755.738.1
200679.635.9
200578.242.6
2004103.151.3
2003103.755.6
2002107.462.3
200197.373.7
200093.687.4
199997.8–
199889.3–
199780.3–
1996132.8–
1995146.6–
1994155.2–
1993141–
199287.9–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearEthiopiaIndonesia
202640.741.7
20273741.6
202834.241.4
202931.841.5
203029.741.6
203127.541.6

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

Ethiopia vs Indonesia

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