Indonesia’s External Debt Remained Manageable - Bank Sentral Republik Indonesia
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April 22, 2018

Indonesia’s external debt at the end of October 2017 remained manageable. Indonesia’s external debt at the end of October 2017 amounted to USD341.5 billion or grew stable by 4.8% (yoy). Based on the group of borrowers, the growth of external debt was driven by increases in private sector and public sector (government and central bank) external debt. The private sector external debt grew steadily at 1.3% (yoy), the same as the previous month growth, while the public sector external debt grew 8.4% (yoy), lower than 8.5% (yoy) posted in the previous month.

Based on original maturity, the Indonesia’s external debt structure at the end of October 2017 remained benign as it was dominated by long-term external debt. Long-term external debt at the end of October 2017 accounted for 86.3% of total external debt and grew 3.9% (yoy), slightly increased from 3.7% (yoy) posted in the previous month. Meanwhile, short-term external debt grew 10.6% (yoy), lower than 12.6% (yoy) posted in the previous month.

Based on economic sector, the private sector external debt position at the end of October 2017 was mainly concentrated in the financial, manufacturing, electricity, gas & water supply, and mining sectors. The shares of these four sectors’ external debt to total private sector external debt reached 77%, relatively unchanged from the previous month or the same period in 2016.

Bank Indonesia views the development of external debt in October 2017 remains manageable. The ratio of Indonesia’s external debt to gross domestic product (GDP) is stable at around 34% at the end of October 2017. The ratio is better than the average ratio of peer countries. Bank Indonesia will persevere to monitor the development of external debt to give assurance that the external debt can play an optimal role in supporting development financing without incurring the risks that may affect macroeconomic stability.

The complete data concerning the Indonesia’s external debt can be found in the latest External Debt Statistics of Indonesia in Bank Indonesia website.

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