This study examines the relationship between Gross Domestic Product (GDP), exports, and imports and Indonesia’s external debt during the 2010–2022 period. The research was motivated by the increasing dynamics of Indonesia’s foreign debt and the need to understand the extent to which macroeconomic variables contribute to debt accumulation. The study addresses the question of how GDP, exports, and imports influence Indonesia’s external debt, both individually and collectively. A quantitative approach was employed using secondary data and multiple linear regression analysis to evaluate the effect of the independent variables on external debt. The findings reveal that GDP exerts a positive and significant effect on Indonesia’s external debt, indicating that economic growth is accompanied by an increase in borrowing activities. Exports demonstrate a negative and significant effect, suggesting that higher export performance contributes to reducing dependence on foreign debt. In contrast, imports do not show a significant influence on external debt accumulation. The study concludes that strengthening export performance and maintaining sustainable economic growth are essential strategies for improving debt management and supporting national economic stability.
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