indonesia debt to gdp 2020

Statistics on external debt. Government Debt to GDP in Indonesia increased to 30.5 % in 2019. Indonesia debt to gdp ratio for 2014 was 27.42%, a 0.36% decline from 2013. The Indonesian economy is gradually recovering, owing in part to a bold, comprehensive, and coordinated policy response to address the socio-economic hardship inflicted by the COVID‑19 pandemic in the first half of 2020. This statistic shows the national debt of Indonesia from 2015 to 2019, with projections up until 2025, in relation to the gross domestic product (GDP). INDONESIA revised down its 2020 gross domestic product (GDP) outlook on Tuesday, expecting a steeper contraction due to the fallout of the coronavirus pandemic even as it tries to ramp up spending to cushion the blow. Indonesia recorded a government debt equivalent to 29.80 percent of the country's Gross Domestic Product in 2018. Prior to the COVID-19 crisis, Indonesia was able to maintain a consistent economic growth, recently qualifying the country to reach the upper middle income status. Publish your articles and forecasts in our website. © Take-profit.org, 2021 | All rights reserved. Households Debt To GDP in Indonesia averaged 13.59 percent of GDP from 2001 until 2020, reaching an all time high of 17.80 percent of GDP in the third quarter of 2019 and a record low of 6.20 percent of GDP in the first quarter of 2002. In a work meeting with the House of Representatives' Commission XI on Monday (7/9), Deputy Finance Minister Suahasil Nazara said that the increase was affected by interest rates, the rupiah exchange rate, and the increasing issuances of government securities. GDP slid at a more moderate rate of 2.2% year-on-year in the fourth quarter of 2020, above the 3.5% contraction seen in the third quarter, as domestic lockdown measures were eased … We noted a rapid increase in public debt resulting from budget deficits well over 3% of GDP as a negative rating sensitivity when we affirmed Indonesia's rating at 'BBB' with Stable Outlook in January 2020, before the implications of the coronavirus for Indonesia became apparent. Read more at The Business Times. Download historical data for 20 million indicators using your browser. The Finance Ministry’s Fiscal Policy Agency head Febrio Nathan Kacaribu said Indonesia’s debt-to-gross domestic product (GDP) ratio would swell to between 33.8 percent and 35.8 percent next year. February 6, 2021. In May 2017 Standard & Poor’s became the last major ratings agency to upgrade Indonesia’s sovereign credit rating to investment grade. Unemployment % of labour force. Government debt: % of GDP. Currently, Indonesia's tax … Indonesia - GDP GDP contracts at milder pace in the fourth quarter. Indonesia gdp for 2018 was $3,386.89B, a 1.74% increase from 2017. National debt of ASEAN countries in relation to gross domestic product (GDP) 2020 The most important statistics COVID-19 cases worldwide as of March 4, 2021, by country Overview for 08.03.2021, Fibonacci Retracements Analysis 08.03.2021 (GOLD, USDCHF), List of countries with highest gold reserves, TOP countries with the highest level of unemployment, How to find the best FX broker for trading in 2020. From over 150 percent of GDP in 1998, Indonesia's external debt declined to around 28 percent in 2013. Tax on personal income: % of GDP. Indonesia debt to gdp ratio for 2016 was 31.37%, a 1.06% increase from 2015. … However, the next year’s primary balance was estimated to improve at minus 3.59 percent of GDP … 2001-2020 Data | 2021-2023 Forecast | Historical. Indonesia Government Debt to GDP was 30.5 % in 2021. The Indonesia Economic Prospects (IEP) is a six-monthly World Bank report that aims to provide an impartial and up-to-date assessment of recent global and domestic macroeconomic developments, as well as specific development challenges for the Indonesian economy. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. The latest comprehensive information for - Indonesia Households Debt To GDP - including latest news, historical data table, charts and more. Indonesia gdp for 2018 was $3,458.42B, a 2.11% increase from 2018. In May 2017 Standard & Poor’s became the last major ratings agency to upgrade Indonesia’s sovereign credit rating to investment grade. The maximum debt was 417528 USD Million and minimum was 119594 USD Million. Data published Quarterly by Central Bank. Indonesia debt to gdp ratio for 2015 was 30.31%, a 2.89% increase from 2014. Indonesia gdp for 2018 was $3,576.20B, a 1.71% increase from 2018. GDP slid at a more moderate rate of 2.2% year-on-year in the fourth quarter of 2020, above the 3.5% contraction seen in the third quarter, as domestic lockdown measures were eased somewhat and external demand recovered slightly. In 2020, government gross debt as a share of GDP for Indonesia was 38.5 %. Government gross debt as a share of GDP of Indonesia fell gradually from 73.7 % in 2001 to 38.5 % in 2020. Unfortunately, these actions caused Japan’s debt level to skyrocket. The country's outstanding debt stood at ₱9.795 trillion by the end of 2020, down from the ₱10.13 trillion logged in November as the government settles more … The maximum level was 87.43 % and minimum was 22.96 %, External Debt in Indonesia increased to 417528 USD Million (417.528 B USD) in the forth quarter of 2020. Global government debt is expected to reach 99% of GDP in 2020 – a new record – as governments scrambled to support their economies as they ground to a halt under lockdowns to prevent the spread of Covid-19, the World Bank has said. Indonesia: GDP contracts at milder pace in the fourth quarter. JAKARTA. However, in 2021 government debt to GDP in Indonesia will still be lower than in 2007. Indonesia's public debt as a share of its gross domestic product (GDP) has shown a significant improvement since the Asian Financial Crisis erupted in the late 1990s. Direct access to our calendar releases and historical data. Indonesia's debt-to-GDP ratio reached 34.53% as of August 2020, up from 29.8% in August 2019. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The surge in debt was deemed as the consequence of the likely negative trend in the primary balance next year. Indonesia’s annual budget deficit is capped at 3% of GDP, and the Government of Indonesia lowered its debt-to-GDP ratio from a peak of 100% shortly after the Asian financial crisis in 1999 to 34% today. China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. Tax. Febrio Nathan Kacaribu, the head of the Fiscal Policy Office at the Finance Ministry, said the debt to GDP ratio would increase to 37 percent in 2020 from 36 percent last year. Indonesia gdp for 2018 was $3,516.07B, a 1.67% increase from 2018. Overview for 09.03.2021, Fibonacci Retracements Analysis 09.03.2021 (EURUSD, USDJPY), Short-term analysis for oil, gold, and EURUSD for 09.03.2021, Euro is to find a way out. Government Debt to GDP in Indonesia averaged 38.49 percent from 2000 until 2018, reaching an all time high of 87.43 percent in 2000 and a record low of 22.96 percent in 2012. IMF’s graph makes it evident that general government gross debt to GDP in Indonesia had a downturn since 2007 until 2012. The Trading Economics Application Programming Interface (API) provides direct access to our data. Indonesia’s annual budget deficit is capped at 3% of GDP, and the Government of Indonesia lowered its debt-to-GDP ratio from a peak of 100% shortly after the Asian financial crisis in 1999 to 34% today. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). Sharing options. Consumer Confidence Economic Expectations, Indonesia Retail Sales Fall at Softer Pace, Indonesia February Consumer Confidence Improves, Indonesia Tourist Arrivals Tumble 89.05% YoY in January, Indonesia Inflation Rate Slows to 6-Month Low, Indonesia Manufacturing PMI Lowest in 3 Months, Indonesia Posts Current Account Surplus for 2nd Quarter, Indonesia Imports Drop More than Expected, Indonesia Trade Surplus Larger than Expected, Indonesia Exports Rise Less than Estimated, Milan Stocks Continue to Advance Beyond 1-Year High, French Stocks Up for 2nd Day at 1-Year High. As an upper-middle income country and member of the G20, Indonesia is classified as a newly industrialized country. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. Overview for 09.03.2021, Forex Technical Analysis & Forecast 09.03.2021, Murrey Math Lines 09.03.2021 (AUDUSD, NZDUSD), Japanese Candlesticks Analysis 09.03.2021 (EURUSD, USDJPY, EURGBP), Ichimoku Cloud Analysis 09.03.2021 (GBPNZD, EURAUD, EURJPY), The USD is strengthening actively. Households Debt in Indonesia decreased to 16.90 percent of GDP in the second quarter of 2020 from 17 percent of GDP in the first quarter of 2020. Despite the safe level of Indonesian debt, Vitor Gaspar, Director of the IMF's Fiscal Affairs Department, there is room for improvement, especially on the revenue-side. Furthermore, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to 9.78% in 2020. Forecast as of 09.03.2021, The Japanese Yen remains at the lows. Forecast as of 09.03.2021, The Yen dropped to its 9-month lows. China, Debt-to-GDP ratio, economic growth, global debt, Institute of International Finance, Sustainable development Regaining Momentum in 2020 and Beyond Despite economic turmoil created by the COVID-19 pandemic, recent surveys show a clear trend of CFOs taking a long view when developing their international operations strategies and cross-border M&A plans. How to compare Forex brokers spreads and swaps? Gaspar said there is plenty of room for Indonesia to strengthen its tax to-GDP ratio. Indonesia The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Indonesia Government debt accounted for 39.4 % of the country's Nominal … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Indonesia’s external debt, which includes government and private-sector borrowings, reached US$408.5 billion by the end of the third quarter, up … With Indonesia’s debt-to-GDP ratio forecast to increase to 40 percent this year, the government is planning to raise Rp 1 quadrillion through sovereign bond issues. TEMPO.CO, Jakarta - The Fiscal Policy Agency predicted that Indonesia's debt to Gross Domestic Product or GDP ratio will leap from 37.6 percent in 2020 to 41.09 percent in 2021. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. But then, an increase has started and according to IMF, it will last up to 2021. 2020-06-17: Indonesia's foreign debt rises in April as govt issues global bonds, debt papers: The Jakarta Post: 2020-06-16: GDP to contract by 3.1% in Q2 on COVID-19 headwinds: The Jakarta Post: 2020-06-16: Trade data point to severe economic contraction in Q2: Economists: The Jakarta Post: 2020 … Franc: there is no need to panic!

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