Indonesia vs Malaysia

Indonesia vs Malaysia: Government debt

Government debt in 2025: 40.9% of GDP in Indonesia and 70.5% of GDP in Malaysia, by IMF estimates. In 2025 the value was higher in Malaysia, by 29.6 percentage points, or 1.72 times that in Indonesia.

Watch it change on the map

% of GDP · IMF

Indonesia vs Malaysia: Government debtGovernment debt in 2025: 40.9% of GDP in Indonesia and 70.5% of GDP in Malaysia, by IMF estimates. In 2025 the value was higher in Malaysia, by 29.6 percentage points, or 1.72 times that in Indonesia.
IndonesiaMalaysiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Malaysia has been higher since 2006, when it overtook Indonesia.
  • In 2025, Indonesia ranked 101 and Malaysia ranked 37 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Indonesia at 41.6% of GDP and Malaysia at 65.1% of GDP in 2031.

Every year

% of GDP · IMF

YearIndonesiaMalaysia
202540.970.5
202440.269.8
202339.669.7
202240.165.5
202141.169.2
202039.867.7
201930.657.1
201830.455.7
201729.454.4
20162855.8
20152757
201424.655.4
201324.955.7
20122353.8
201123.151.9
201026.451.2
200926.550.4
200830.339.4
200738.139.4
200635.939.7
200542.640.8
200451.342
200355.641.4
200262.339.5
200173.738.1
200087.432.5
1999–34.4
1998–33.6
1997–29.6
1996–32.8
1995–38.2
1994–43.7
1993–51.1
1992–59.1
1991–67.3
1990–74.1
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearIndonesiaMalaysia
202641.769.2
202741.668.8
202841.467.7
202941.566.7
203041.665.9
203141.665.1

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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