According to the latest data from Transfermarkt as of March 2025, the market value of the Garuda squad has reached €36.53 million (approximately US$40.3 million), making it the highest-valued national team in Southeast Asia and placing it 71st in the world.
Even more impressively, this figure is almost equal to the combined market value of the ten other Southeast Asian national teams, which collectively amount to €40.4 million. Additionally, Indonesia now ranks sixth in Asia, reflecting a significant rise in player quality and competitiveness on the international stage.
This surge in market value is largely attributed to the addition of talented naturalized players now representing the Red and White, including Mees Hilgers (€7.00 million), Kevin Diks (€4.5 million), Jay Idzes (€5 million), and Calvin Verdonk (€2.5 million), all of whom play in top European leagues.
Beyond these naturalized players, Indonesia’s market value and performance have also been bolstered by homegrown talents such as Rizky Ridho (€500,000), Ricky Kambuaya (€275,000), and Marselino Ferdinan (€300,000), who, despite playing in domestic or regional leagues, have shown steady and consistent development.
Here is the detailed ranking of national team market values in Southeast Asia as of March 2025, according to Transfermarkt:
🇮🇩 Indonesia – €36.53 million
🇹🇭 Thailand – €8.73 million
🇲🇾 Malaysia – €7.15 million
🇻🇳 Vietnam – €6.08 million
🇵🇭 Philippines – €5.05 million
🇲🇲 Myanmar – €3.60 million
🇰🇭 Cambodia – €2.95 million
🇸🇬 Singapore – €2.83 million
🇱🇦 Laos – €1.73 million
🇹🇱 Timor-Leste – €1.31 million
🇧🇳 Brunei – €1.01 million
