Indonesia’s external debt experienced slower growth at the end of January 2020. The external debt position was recorded at US$410.8 billion, consisted of public debt (government and central bank) of US$207.8 billion, as well as private debt (including state-owned enterprises) of US$203.0 billion. Indonesia’s external debt decelerated to 7.5% (yoy) from 7.7% (yoy) in the previous month stemming from private debt growth.
Indonesia’s external debt maintained a healthy structure supported by the prudential principle application in its management. The condition was among others, reflected in the indicator of Indonesia’s external debt to Gross Domestic Product (GDP) ratio in January 2020 at 36.0%, down compared to the last period.