Indonesia: Southeast Asia's Most Indebted Nation in 2020

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Cindy Mutia Annur 27/09/2022 11:20 WIB

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According to a World Bank report, Indonesia had the largest external debt in Southeast Asia in 2020.

External Debt Values of Southeast Asian Countries (2020)

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Indonesia: Southeast Asia's Most Indebted Nation in 2020

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External Debt Values of Southeast Asian Countries (2020)

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According to a World Bank report, Indonesia had the largest debt in Southeast Asia in 2020. The World Bank recorded Indonesia's total external debt at US$417.53 billion.

This recorded external debt is the accumulation of foreign debt from the government, corporations, and household debt originating from foreign private banks, other governments, and international financial institutions.

Thailand ranked second in Southeast Asia with a total external debt of US$204.14 billion in 2020, followed by Vietnam with US$125.04 billion, and the Philippines with US$98.48 billion.

Cambodia and Laos had total external debts of US$17.56 billion and US$17.16 billion, respectively. Myanmar had external debt of US$13.34 billion, and Timor-Leste US$231.8 billion.

Data on the external debt of Singapore, Malaysia, and Brunei Darussalam were not included in the World Bank report.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."