Indonesia Among Top 10 Countries with Highest External Debt

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Dimas Jarot Bayu 14/10/2020 13:28 WIB

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The World Bank's latest report indicates that Indonesia was among the top ten lower-middle-income countries with the largest external debt in 2019.

10 Lower-Middle-Income Countries with the Highest External Debt (2019)

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Indonesia Among Top 10 Countries with Highest External Debt

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10 Lower-Middle-Income Countries with the Highest External Debt (2019)

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The World Bank released its International Debt Statistics (IDS) 2021 report on Monday (October 12th). The report lists Indonesia among the top 10 lower-middle-income countries with the largest external debt in 2019.

Indonesia ranked seventh among these 10 countries, with external debt reaching US$402.08 billion. This figure represents a 5.9% increase from 2018's US$379.58 billion.

China held the top position with US$2.11 trillion in external debt. Brazil ranked second with US$569.4 billion. India, Russia, Mexico, and Turkey followed in subsequent ranks. (See: Indonesia's External Debt Reaches Rp 6,000 Trillion in July 2020)

Editor : Muhammad Ahsan Ridhoi

"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."