External Debt in Indonesia
Indonesia - External Debt
The economy likely grew fairly strongly in the fourth quarter, bolstered by healthy consumption and fixed investment, although high-frequency indicators are mixed. The manufacturing PMI averaged slightly lower in Q4 compared to Q3 against a backdrop of swirling global trade tensions, while the country posted a record trade deficit in the period on a combination of lackluster exports and double-digit import growth. That said, import growth did ebb from the extremely high readings seen in prior quarters amid higher import tariffs. In addition, the tourist sector performed well, while the rupiah has recovered sharply since November and foreign reserves—which were depleted in Q1-Q3—increased. On the political front, in late December the government finally reached an agreement with mining company Freeport-McMoRan over the huge Grasberg copper mine, which will see the government acquire a majority stake in the mine. In exchange, Freeport should be able to continue operations until 2041.Indonesia - External Debt Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 29.1 | 32.9 | 36.1 | 34.3 | 34.8 |
Indonesia External Debt Chart
Source: Bank Indonesia and FocusEconomics calculations.
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.16 | -0.05 % | Jan 30 |
| Exchange Rate | 14,130 | 0.05 % | Jan 30 |
| Stock Market | 6,464 | -0.32 % | Jan 30 |
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Economic News
Indonesia: Indonesia records trade surplus in March despite further decline in exports
April 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.5 billion in March, contrasting market expectations of a deficit but down from the USD 1.1 billion surplus registered in the same month of the prior year.
Indonesia: Incumbent Joko Widodo favorite to retain the presidency, signaling policy continuity
April 10, 2019
On 17 April Indonesian voters head to the polls to elect a new president and parliament.
Indonesia: Growth in retail sales picks up in February
April 9, 2019
In February, retail sales grew 9.1% over the same month in the prior year, up from January’s 7.2% figure but slightly below the Bank’s initial estimate of 10.9%.
Indonesia: Manufacturing PMI rises in March
April 1, 2019
Conditions in Indonesia’s manufacturing sector improved in March according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.1 in February to 51.2.
Indonesia: Inflation dips further in March
April 1, 2019
Consumer prices increased 0.11% in March from the previous month, contrasting February’s 0.08% decline.
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