Indonesia’s external debt rises 1.9% to US$439.8 billion
The debt-to-GDP ratio stayed at 29.6 percent, while private debt remained in contraction at 0.7 percent in April 2026.
Bank Indonesia recorded Indonesia’s external debt at US$439.8 billion in April 2026, up 1.9 percent year-on-year from 1 percent growth in March. The increase was driven mainly by the public sector, with government external debt at US$216.4 billion and growing 3.7 percent. At the same time, private external debt was still shrinking 0.7 percent to US$193.2 billion, although the contraction was smaller than the previous month’s 1.4 percent. BI said the ratio of external debt to gross domestic product remained at 29.6 percent in April 2026. The debt structure was also still dominated by long-term tenors, accounting for 84.5 percent of total external debt. Foreign capital inflows into government securities continued to post a net inflow.