Debt service (PPG and IMF only, % of exports of goods, services and) in Latin America & Caribbean
Latin America & Caribbean: 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, 1984–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
The most recent figure for debt service (ppg and imf only, % of exports of goods, services and) in Latin America & Caribbean is 9.5%, measured in 2024.
That represents a change of up 11.9% on the previous year and up 62.8% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Latin America & Caribbean peaked at 34.4% in 1988 and was at its lowest, 5.8%, in 2014.
Latin America & Caribbean 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, year by year
| Year | Value | Change |
|---|---|---|
| 1984 | 30.5% | — |
| 1985 | 31.7% | +3.7% |
| 1988 | 34.4% | +8.8% |
| 1989 | 27.2% | -21.1% |
| 1997 | 28.8% | +5.9% |
| 1998 | 20.0% | -30.5% |
| 1999 | 23.3% | +16.6% |
| 2000 | 23.2% | -0.5% |
| 2001 | 18.4% | -20.8% |
| 2002 | 18.8% | +2.3% |
| 2003 | 21.9% | +16.7% |
| 2004 | 16.2% | -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% | +10.8% |
| 2010 | 7.0% | -21.3% |
| 2011 | 6.1% | -12.2% |
| 2012 | 6.7% | +10.6% |
| 2013 | 6.4% | -5.4% |
| 2014 | 5.8% | -8.8% |
| 2015 | 9.2% | +58.2% |
| 2016 | 11.0% | +19.4% |
| 2017 | 11.9% | +7.9% |
| 2018 | 10.5% | -11.7% |
| 2019 | 12.4% | +18.5% |
| 2020 | 11.3% | -9.4% |
| 2021 | 9.6% | -14.4% |
| 2022 | 7.3% | -24.1% |
| 2023 | 8.5% | +15.8% |
| 2024 | 9.5% | +11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 31.0% | 27.2% | 34.4% | 4 |
| 1990s | 24.0% | 20.0% | 28.8% | 3 |
| 2000s | 15.8% | 8.0% | 23.2% | 10 |
| 2010s | 8.7% | 5.8% | 12.4% | 10 |
| 2020s | 9.2% | 7.3% | 11.3% | 5 |
Countries ranked near Latin America & Caribbean
More external debt data for Latin America & Caribbean
- IFC, private nonguaranteed 918.17 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.39 NFL, US$ 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$), per square kilometre 74.09 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.3% (2024)
- Net financial flows, IDA 355.03 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 0.5361 NFL, current US$ 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)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Latin America & Caribbean?
- Debt service (ppg and imf only, % of exports of goods, services and) in Latin America & Caribbean 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?
- The highest recorded value was 34.4% in 1988.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Latin America & Caribbean?
- The lowest recorded value was 5.8% in 2014.
- How does Latin America & Caribbean rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Latin America & Caribbean 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?
- Over the last ten years it is up 62.8%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean 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.