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Public and publicly guaranteed debt service in Latin America & Caribbean

Latin America & Caribbean: Public and publicly guaranteed debt service was 8.6% in 2024. ◆ Volatile

Latest (2024)
8.6%
Change on year
up 24.7%
Rank
11th
of 32 groups
All-time high
34.0%
in 1979
All-time low
5.7%
in 2014
Years of data
43
1979–2024

Public and publicly guaranteed debt service in Latin America & Caribbean, 1979–2024

1020301979200120241979: 34 % of exports of goods, services and primary income1983: 30.7 % of exports of goods, services and primary income1984: 27.9 % of exports of goods, services and primary income1985: 30.1 % of exports of goods, services and primary income1986: 32.8 % of exports of goods, services and primary income1987: 29.6 % of exports of goods, services and primary income1988: 31.1 % of exports of goods, services and primary income1989: 24.2 % of exports of goods, services and primary income1990: 19.7 % of exports of goods, services and primary income1991: 20.6 % of exports of goods, services and primary income1992: 23.7 % of exports of goods, services and primary income1993: 19.2 % of exports of goods, services and primary income1994: 19 % of exports of goods, services and primary income1995: 21.2 % of exports of goods, services and primary income1996: 25.4 % of exports of goods, services and primary income1997: 25.1 % of exports of goods, services and primary income1998: 18.5 % of exports of goods, services and primary income1999: 20.3 % of exports of goods, services and primary income2000: 19.1 % of exports of goods, services and primary income2001: 17.8 % of exports of goods, services and primary income2002: 16.8 % of exports of goods, services and primary income2003: 16.7 % of exports of goods, services and primary income2004: 13.6 % of exports of goods, services and primary income2005: 11.3 % of exports of goods, services and primary income2006: 14.3 % of exports of goods, services and primary income2007: 9.4 % of exports of goods, services and primary income2008: 7.9 % of exports of goods, services and primary income2009: 8.8 % of exports of goods, services and primary income2010: 6.9 % of exports of goods, services and primary income2011: 6.1 % of exports of goods, services and primary income2012: 6.7 % of exports of goods, services and primary income2013: 6.3 % of exports of goods, services and primary income2014: 5.7 % of exports of goods, services and primary income2015: 9.2 % of exports of goods, services and primary income2016: 11 % of exports of goods, services and primary income2017: 11.9 % of exports of goods, services and primary income2018: 10.5 % of exports of goods, services and primary income2019: 12.3 % of exports of goods, services and primary income2020: 11.1 % of exports of goods, services and primary income2021: 9.2 % of exports of goods, services and primary income2022: 6 % of exports of goods, services and primary income2023: 6.9 % of exports of goods, services and primary income2024: 8.6 % of exports of goods, services and primary income

Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.

Analysis

The most recent figure for public and publicly guaranteed debt service in Latin America & Caribbean is 8.6%, measured in 2024.

That represents a change of up 24.7% on the previous year and up 49.1% over ten years.

Over the whole period, public and publicly guaranteed debt service in Latin America & Caribbean peaked at 34.0% in 1979 and was at its lowest, 5.7%, in 2014.

That places Latin America & Caribbean 11th out of 32 groups with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Public and publicly guaranteed debt service in Latin America & Caribbean, year by year

Year % of exports of goods, services and primary income Change
1979 34.0% —
1983 30.7% -9.7%
1984 27.9% -9.2%
1985 30.1% +7.9%
1986 32.8% +9.0%
1987 29.6% -9.7%
1988 31.1% +5.1%
1989 24.2% -22.4%
1990 19.7% -18.5%
1991 20.6% +4.7%
1992 23.7% +14.9%
1993 19.2% -19.0%
1994 19.0% -1.1%
1995 21.2% +11.5%
1996 25.4% +20.1%
1997 25.1% -1.4%
1998 18.5% -26.1%
1999 20.3% +9.3%
2000 19.1% -5.7%
2001 17.8% -6.8%
2002 16.8% -5.6%
2003 16.7% -0.9%
2004 13.6% -18.5%
2005 11.3% -16.9%
2006 14.3% +27.2%
2007 9.4% -34.1%
2008 7.9% -15.9%
2009 8.8% +11.0%
2010 6.9% -21.5%
2011 6.1% -12.2%
2012 6.7% +10.7%
2013 6.3% -6.0%
2014 5.7% -9.4%
2015 9.2% +59.6%
2016 11.0% +20.0%
2017 11.9% +8.0%
2018 10.5% -11.8%
2019 12.3% +17.4%
2020 11.1% -9.9%
2021 9.2% -17.3%
2022 6.0% -34.4%
2023 6.9% +14.2%
2024 8.6% +24.7%

Averages by decade

DecadeAverage LowestHighest Years
1970s 34.0% 34.0% 34.0% 1
1980s 29.5% 24.2% 32.8% 7
1990s 21.3% 18.5% 25.4% 10
2000s 13.6% 7.9% 19.1% 10
2010s 8.7% 5.7% 12.3% 10
2020s 8.3% 6.0% 11.1% 5

Countries ranked near Latin America & Caribbean

  1. 8 Dominica 22.6% compare
  2. 9 Cote d'Ivoire 19.0% compare
  3. 10 Colombia 18.9% compare
  4. 11 Niger 17.5% compare
  5. 12 Senegal 16.7% compare
  6. 13 Tunisia 16.2% compare
  7. 14 Bhutan 16.2% compare

See the full ranking of 152 places →

More external debt data for Latin America & Caribbean

All data for Latin America & Caribbean →

Frequently asked questions

What is public and publicly guaranteed debt service in Latin America & Caribbean?
Public and publicly guaranteed debt service in Latin America & Caribbean was 8.6% in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest public and publicly guaranteed debt service recorded in Latin America & Caribbean?
The highest recorded value was 34.0% in 1979.
What is the lowest public and publicly guaranteed debt service recorded in Latin America & Caribbean?
The lowest recorded value was 5.7% in 2014.
How does Latin America & Caribbean rank for public and publicly guaranteed debt service?
Latin America & Caribbean ranks 11th out of 32 groups with data for 2024.
Is public and publicly guaranteed debt service rising or falling in Latin America & Caribbean?
Over the last ten years it is up 49.1%. 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 Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.

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Public and publicly guaranteed debt service in Latin America & Caribbean. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 18 September 2026, from https://debt.statizoid.com/stat/public-and-publicly-guaranteed-debt-service-percent-of-exports-of-goods-services-and/latin-america-and-caribbean/

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About this data

Indicator
Public and publicly guaranteed debt service (% of exports of goods, services and primary income)
Unit
% of exports of goods, services and primary income
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
152 places, 5,881 data points, 1970–2024
Last refreshed

Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.