Jakarta. Indonesia’s external debt stood at $423.8 billion in November 2025, down slightly from $424.9 billion in the previous month, according to data released by Bank Indonesia on Thursday.

On a year-on-year basis, Indonesia’s external debt rose 0.2%, said Ramdan Denny Prakoso, head of Bank Indonesia’s communications department.

“The structure of Indonesia’s external debt remains sound, supported by the consistent application of prudential principles in its management,” Ramdan said in a statement.

He noted that Indonesia’s external debt-to-gross domestic product ratio stood at 29.3% in November 2025, with long-term debt continuing to dominate the overall composition.

Government external debt amounted to $209.8 billion in November, easing from $210.5 billion in October. On an annual basis, government external debt grew 3.3%.

By economic sector, government external borrowing was used primarily to support health and social services (22.2%), public administration, defense, and compulsory social security (19.7%), education services (16.4%), construction (11.7%), and transportation and warehousing (8.6%).

Private sector external debt stood at $191.2 billion in November, down from $191.7 billion a month earlier. On a year-on-year basis, private external debt increased 1.3%, Bank Indonesia said.

The central bank said Indonesia’s external debt profile remains manageable, underpinned by long maturities and prudent risk management amid ongoing global financial uncertainty.

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