Indonesia's External Debt Reached US$423.1 Billion in September 2021

Bank Indonesia (BI) recorded Indonesia's external debt (ULN) at US$ 423.1 billion in September 2021. This figure represents a 0.19% decrease compared to the previous month's US$ 423.9 billion (month-to-month/m-to-m).

Compared to September 2020, Indonesia's ULN grew by 3.7% (year-on-year/yoy). Compared to the end of 2020, Indonesia's ULN also grew by 1.45% (year-to-date/ytd).

On a quarterly basis, Indonesia's ULN grew by 1.72% in the third quarter of 2021 compared to the previous quarter (quarter-to-quarter/q-to-q). In the second quarter of 2021, Indonesia's ULN was recorded at US$ 415.92 billion.

In detail, the government's ULN was recorded at US$ 205.53 billion in September 2021, down 0.93% compared to the previous month (m-to-m). However, the government's ULN during this period grew by 4.13% compared to the previous year (yoy).

The central bank's ULN was recorded at US$ 9.1 billion in September 2021, down 0.63% month-on-month (m-to-m). Year-on-year (yoy), the central bank's ULN grew by 225.9%.

Private sector ULN was recorded at US$ 208.47 billion in September 2021, growing by 0.57% month-on-month (m-to-m). Year-on-year (yoy), private sector ULN grew by 0.21%.

According to BI, the structure of Indonesia's ULN remains healthy, supported by the application of prudent principles in its management. This is reflected, among other things, in the ratio of Indonesia's ULN to its Gross Domestic Product (GDP), which is in the range of 37%.

Furthermore, Indonesia's ULN remains dominated by long-term debt. Its share is recorded at 88.2% of the total ULN.