Indonesia's PPG, IBRD (DOD, current US$) was US$21.5 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 76.55% from US$12.18 billion in 2014 (5.85% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$21.5 billion | 2024 |
| Five years earlier | US$18.11 billion | 2019 |
| Ten years earlier | US$12.18 billion | 2014 |
| Highest | US$21.96 billion | 2023 |
| Lowest | US$0 | 1974 |
| Average since 2015 | US$18.35 billion | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, Indonesia's PPG, IBRD (DOD, current US$) fell US$465.91 million on 2023 (from US$21.96 billion to US$21.5 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$355.94 million and a typical year strayed about US$898.35 million from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$2.33 billion in 1987 and the biggest yearly fall was US$1.36 billion in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$796.91 million a year. A straight line explains 97% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$25.11 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$816.45 million, against US$2.25 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Indonesia had the 3rd highest value of the 62 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Indonesia | US$21.5 billion | 2024 |
| Upper middle income | US$162.69 billion | 2024 |
Closest to Indonesia in the 2024 ranking
What this measures
Public and publicly guaranteed debt outstanding from the International Bank for Reconstruction and Development (IBRD) is nonconcessional. Nonconcessional debt excludes loans with an original grant element of 35 percent or more. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 51 values
| Year | PPG, IBRD (DOD, current US$) |
|---|---|
| 2024 | 21,495,586,000 |
| 2023 | 21,961,494,000 |
| 2022 | 20,187,167,000 |
| 2021 | 18,968,821,000 |
| 2020 | 18,832,457,000 |
| 2019 | 18,112,515,000 |
| 2018 | 17,314,670,000 |
| 2017 | 16,550,278,000 |
| 2016 | 15,747,832,000 |
| 2015 | 14,370,230,000 |
| 2014 |
PPG, IBRD (DOD, current US$) in nearby economies
- China — US$14.69 billion (2024)
- Fiji — US$183.01 million (2024)
- Papua New Guinea — US$3.1 million (2024)
- Philippines — US$14.59 billion (2024)
- Thailand — US$499.6 million (2024)
- Timor-Leste — US$12.66 million (2024)
- Viet Nam — US$2.14 billion (2024)
More economic policy & debt data for Indonesia
- Total reserves, including gold (current US$) — US$156.54 billion (2025)
- Total reserves, excluding gold (current US$) — US$144.53 billion (2025)
- General government final consumption expenditure (current LCU) — 1,794.3 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$106.29 billion (2025)
- General government final consumption expenditure (constant LCU) — 981.99 trillion (2025)
- General government final consumption expenditure (% of GDP) — 7.53% (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 13,156.3 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Indonesia's PPG, IBRD (DOD, current US$)?
- US$21.5 billion in 2024, according to the World Bank (World Development Indicators).
- How does Indonesia rank?
- 3rd highest of 62 economies with data for 2024.
- Is the latest change in PPG, IBRD (DOD, current US$) unusual for Indonesia?
- In 2024, Indonesia's PPG, IBRD (DOD, current US$) fell US$465.91 million on 2023 (from US$21.96 billion to US$21.5 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$355.94 million and a typical year strayed about US$898.35 million from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.DOD.MIBR.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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