Public and publicly guaranteed debt service in Least developed countries
Least developed countries: Public and publicly guaranteed debt service was 8.9% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Least developed countries, 1973–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, public and publicly guaranteed debt service in Least developed countries stood at 8.9%.
The figure is down 6.8% on the previous year and up 53.0% over ten years.
Over the whole period, public and publicly guaranteed debt service in Least developed countries peaked at 19.8% in 1986 and was at its lowest, 2.9%, in 2008.
That places Least developed countries 10th out of 32 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Public and publicly guaranteed debt service in Least developed countries, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1973 | 8.6% | — |
| 1974 | 10.0% | +16.0% |
| 1975 | 9.0% | -9.4% |
| 1976 | 8.6% | -4.3% |
| 1977 | 10.6% | +23.0% |
| 1978 | 12.5% | +17.1% |
| 1979 | 11.4% | -8.4% |
| 1980 | 12.0% | +5.0% |
| 1981 | 13.6% | +13.4% |
| 1982 | 13.0% | -4.3% |
| 1983 | 12.0% | -7.7% |
| 1984 | 12.6% | +5.3% |
| 1985 | 15.5% | +22.7% |
| 1986 | 19.8% | +27.8% |
| 1987 | 18.8% | -5.0% |
| 1988 | 18.7% | -0.4% |
| 1989 | 16.9% | -10.0% |
| 1990 | 13.3% | -20.8% |
| 1991 | 15.1% | +12.9% |
| 1992 | 10.5% | -30.2% |
| 1993 | 10.2% | -3.4% |
| 1994 | 10.5% | +3.5% |
| 1995 | 12.0% | +13.7% |
| 1996 | 13.0% | +8.8% |
| 1997 | 11.5% | -11.6% |
| 1998 | 14.0% | +21.8% |
| 1999 | 12.3% | -12.0% |
| 2000 | 11.4% | -7.7% |
| 2001 | 12.4% | +8.7% |
| 2002 | 8.8% | -28.8% |
| 2003 | 9.0% | +2.0% |
| 2004 | 7.9% | -12.4% |
| 2005 | 6.4% | -18.0% |
| 2006 | 6.7% | +4.7% |
| 2007 | 6.1% | -9.7% |
| 2008 | 2.9% | -52.9% |
| 2009 | 5.2% | +82.0% |
| 2010 | 3.4% | -33.9% |
| 2011 | 3.4% | -1.3% |
| 2012 | 4.5% | +32.3% |
| 2013 | 5.4% | +19.9% |
| 2014 | 5.8% | +7.6% |
| 2015 | 7.0% | +20.7% |
| 2016 | 9.0% | +28.3% |
| 2017 | 7.8% | -13.7% |
| 2018 | 8.0% | +3.2% |
| 2019 | 9.0% | +11.7% |
| 2020 | 9.1% | +1.5% |
| 2021 | 9.7% | +6.7% |
| 2022 | 7.8% | -20.1% |
| 2023 | 9.5% | +23.0% |
| 2024 | 8.9% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.1% | 8.6% | 12.5% | 7 |
| 1980s | 15.3% | 12.0% | 19.8% | 10 |
| 1990s | 12.2% | 10.2% | 15.1% | 10 |
| 2000s | 7.7% | 2.9% | 12.4% | 10 |
| 2010s | 6.3% | 3.4% | 9.0% | 10 |
| 2020s | 9.0% | 7.8% | 9.7% | 5 |
Countries ranked near Least developed countries
More external debt data for Least developed countries
- IFC, private nonguaranteed 370.54 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.3122 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0002 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 5.2 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.0% (2024)
- Debt service (PPG and IMF only, % of exports of goods, services and) 9.6% (2024)
- Net official development assistance received 53.67 billion current US$ (2018)
- IFC, private nonguaranteed (NFL, US$), annual growth rate 250.23 % change on previous year (2024)
- Net official flows from UN agencies, CERF 540.53 million current US$ (2022)
Frequently asked questions
- What is public and publicly guaranteed debt service in Least developed countries?
- Public and publicly guaranteed debt service in Least developed countries was 8.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Least developed countries?
- The highest recorded value was 19.8% in 1986.
- What is the lowest public and publicly guaranteed debt service recorded in Least developed countries?
- The lowest recorded value was 2.9% in 2008.
- How does Least developed countries rank for public and publicly guaranteed debt service?
- Least developed countries ranks 10th out of 32 groups with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Least developed countries?
- Over the last ten years it is up 53.0%. The long-run trend across the full record is falling.
- Where does this Least developed countries 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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About this data
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.