Indonesia’s external debt grew stably at the end of August 2018, amounted to US$360.7 billion, consisting of government and central bank external debt of US$181.3 billion, as well as private sector, including state-owned enterprises, external debt of US$179.4 billion.

Indonesia’s external debt grew at 5.14% (yoy), relatively stable compare to previous month’s growth of 5.08% (yoy). Indonesia’s external debt growth in August 2018 was influenced by the increasing growth in private external debt amid slowing growth in government and central bank external debt.

Government’s external debt grew at slower pace in August 2018. The government external debt at the end of August 2018 amounted to US$178.1 billion or grew 4.07% (yoy), slightly slower compared to the previous month’s growth of 4.12% (yoy).

Private external debt growth increased in August 2018. The position of private external debt at the end of August 2018 was recorded at US$179.4 billion or grew 6.70% (yoy), up from the previous period (6.49% yoy).

The development of Indonesian external debt remains manageable with a healthy structure, reflected in, among others, the ratio of Indonesia’s external debt to Gross Domestic Product (GDP) at the end of August 2018 which is stable in the range of 34%.