Indonesia’s external debt experienced lower growth. The external debt was recorded at US$413.4 billion at the end of October 2020, consisting of public debt (Government and Central Bank) of US$202.6 billion and private debt (including state-owned enterprises) of US$210.8 billion. Indonesia’s external debt at the end of October 2020 grew by 3.3% (yoy), decreased from 3.8% (yoy) in the previous month, mainly influenced by lower growth of government external debt.
Indonesia’s external debt maintained a healthy structure supported by the prudential principle application in its management. Indonesia’s external debt to Gross Domestic Product (GDP) ratio in October 2020 is 38.8%, slightly increased from 38.1% in the last month.