Indonesia's external debt in November 2017 increased by US$5.5 billion to US$347.29 billion, equivalent to Rp4,618.9 trillion at an exchange rate of Rp13,300 per US dollar. This amount comprises government debt of US$176.63 billion (Rp2,349.2 trillion) and private debt of US$170.65 billion (Rp2,269.7 trillion).
The ratio of short-term government debt based on original maturity to total debt was 13.86 percent. Meanwhile, the ratio of short-term debt based on original maturity to foreign exchange reserves reached 36.93 percent. The ratio of government debt to Gross Domestic Product (GDP) was 34.54 percent. This figure is lower than the debt-to-GDP ratios of other countries such as Malaysia (53.2%), Vietnam (62%), Thailand (41%), the Philippines (42%), and Japan (250%).
For private external debt, US$29.58 billion was funding for banking and US$141.07 billion was funding for non-banking sectors. Based on its use, private external debt consisted of US$55.37 billion for working capital, US$52.17 billion for investment, US$20.45 billion for refinancing, and US$24.78 billion for other uses.