Indonesia’s external debt was recorded at US$417.5 billion at Q4/20, consisting of public debt (Government and Central Bank) of US$209.2 billion and private debt (including state-owned enterprises) of US$208.3 billion. Indonesia’s external debt at the end of Q4/20 grew by 3.5% (yoy), lower than 3.9% (yoy) in the previous quarter, mainly stemming from the slowed growth of private’s external debt.
Indonesia’s external debt maintained a healthy structure supported by the prudential principle application in its management. The resilient structure of external debt was reflected in the maintained ratio of Indonesia’s external debt to Gross Domestic Product (GDP) in Q4/2020 at 39.4%, albeit increasing from 38,1% in the last quarter.
