Debt service (PPG and IMF only, % of exports of goods, services and) in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Debt service (PPG and IMF only, % of exports of goods, services and) was 9.5% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Latin America & Caribbean (excluding high income), 1983–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
Latin America & Caribbean (excluding high income) recorded 9.5% for debt service (ppg and imf only, % of exports of goods, services and) in 2024.
The figure is up 11.0% on the previous year and up 62.7% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Latin America & Caribbean (excluding high income) peaked at 38.0% in 1986 and was at its lowest, 5.8%, in 2014.
Latin America & Caribbean (excluding high income) ranks 12th of 32 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Latin America & Caribbean (excluding high income), year by year
| Year | Value | Change |
|---|---|---|
| 1983 | 31.9% | — |
| 1984 | 30.6% | -4.1% |
| 1985 | 31.7% | +3.6% |
| 1986 | 38.0% | +19.8% |
| 1987 | 34.0% | -10.5% |
| 1988 | 34.5% | +1.4% |
| 1989 | 27.2% | -21.1% |
| 1990 | 22.8% | -16.3% |
| 1991 | 23.5% | +3.1% |
| 1992 | 25.9% | +10.2% |
| 1993 | 21.9% | -15.2% |
| 1994 | 20.4% | -7.2% |
| 1995 | 23.4% | +15.0% |
| 1996 | 28.7% | +22.6% |
| 1997 | 28.9% | +0.5% |
| 1998 | 20.0% | -30.6% |
| 1999 | 23.4% | +16.7% |
| 2000 | 23.3% | -0.5% |
| 2001 | 18.4% | -20.8% |
| 2002 | 18.8% | +2.2% |
| 2003 | 22.0% | +16.7% |
| 2004 | 16.3% | -26.0% |
| 2005 | 16.9% | +3.9% |
| 2006 | 16.0% | -5.1% |
| 2007 | 9.5% | -40.7% |
| 2008 | 8.0% | -16.0% |
| 2009 | 8.8% | +10.9% |
| 2010 | 7.0% | -21.4% |
| 2011 | 6.1% | -12.2% |
| 2012 | 6.7% | +10.5% |
| 2013 | 6.4% | -5.3% |
| 2014 | 5.8% | -8.8% |
| 2015 | 9.2% | +58.3% |
| 2016 | 11.0% | +19.5% |
| 2017 | 11.9% | +7.8% |
| 2018 | 10.5% | -11.7% |
| 2019 | 12.4% | +18.5% |
| 2020 | 11.3% | -9.3% |
| 2021 | 9.7% | -14.3% |
| 2022 | 7.4% | -23.8% |
| 2023 | 8.5% | +16.0% |
| 2024 | 9.5% | +11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 32.5% | 27.2% | 38.0% | 7 |
| 1990s | 23.9% | 20.0% | 28.9% | 10 |
| 2000s | 15.8% | 8.0% | 23.3% | 10 |
| 2010s | 8.7% | 5.8% | 12.4% | 10 |
| 2020s | 9.3% | 7.4% | 11.3% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
More external debt data for Latin America & Caribbean (excluding high income)
- IFC, private nonguaranteed 918.17 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.47 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0001 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 79.15 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.3% (2024)
- Net financial flows, IDA 335.91 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 0.5396 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0001 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 2.94 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 8.6% (2024)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Latin America & Caribbean (excluding high income)?
- Debt service (ppg and imf only, % of exports of goods, services and) in Latin America & Caribbean (excluding high income) was 9.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 38.0% in 1986.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 5.8% in 2014.
- How does Latin America & Caribbean (excluding high income) rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Latin America & Caribbean (excluding high income) ranks 12th out of 32 groups with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 62.7%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.