Indonesia vs Japan

Indonesia vs Japan: Government debt

Government debt: 40.9% of GDP in Indonesia in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 173.4 percentage points, or 5.32 times that in Indonesia.

% of GDP · IMF

Indonesia vs Japan: Government debtGovernment debt: 40.9% of GDP in Indonesia in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 173.4 percentage points, or 5.32 times that in Indonesia.
IndonesiaJapanIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher in every year both have figures for since 2000.
  • The IMF projection (World Economic Outlook, October 2026) puts Indonesia at 41.6% of GDP and Japan at 188.9% of GDP in 2031.

Every year

% of GDP · IMF

YearIndonesiaJapan
202540.9204.8
202440.2213.6
202339.6220.1
202240.1228
202141.1222.6
202039.8228.8
201930.6206.3
201830.4203.7
201729.4203.1
201628202.1
201527200.1
201424.6203.6
201324.9201.2
201223197.1
201123.1190.6
201026.4178.6
200926.5172.9
200830.3153.6
200738.1150.4
200635.9152.1
200542.6153.4
200451.3148.8
200355.6140.2
200262.3134.6
200173.7126.8
200087.4118.5
1999–113.5
1998–101.6
1997–91.3
1996–85.3
1995–80.7
1994–73.3
1993–63.2
1992–57.9
1991–54.1
1990–54.8
1989–56.9
1988–62.4
1987–65.8
1986–64.2
1985–59.2
1984–56.9
1983–55.1
1982–50.1
1981–45.8
1980–41.4
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearIndonesiaJapan
202641.7199.4
202741.6196.4
202841.4193.8
202941.5191.5
203041.6190.1
203141.6188.9

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

Indonesia vs Japan

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