Public and publicly guaranteed debt service in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Public and publicly guaranteed debt service was 2.1% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Heavily indebted poor countries (HIPC), 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for public and publicly guaranteed debt service in Heavily indebted poor countries (HIPC) is 2.1%, measured in 2024.
That represents a change of up 12.0% on the previous year and up 105.7% over ten years.
Over the whole period, public and publicly guaranteed debt service in Heavily indebted poor countries (HIPC) peaked at 4.0% in 1994 and was at its lowest, 0.7%, in 2011.
That places Heavily indebted poor countries (HIPC) 15th 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 55 years of available data.
Public and publicly guaranteed debt service in Heavily indebted poor countries (HIPC), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.3% | — |
| 1971 | 1.4% | +5.2% |
| 1972 | 1.5% | +8.2% |
| 1973 | 2.1% | +43.1% |
| 1974 | 1.6% | -23.9% |
| 1975 | 1.7% | +2.3% |
| 1976 | 1.7% | +3.1% |
| 1977 | 2.1% | +20.1% |
| 1978 | 2.2% | +8.5% |
| 1979 | 2.5% | +10.3% |
| 1980 | 3.0% | +20.1% |
| 1981 | 3.1% | +4.3% |
| 1982 | 2.9% | -6.1% |
| 1983 | 2.7% | -7.9% |
| 1984 | 2.7% | +1.5% |
| 1985 | 2.7% | -0.2% |
| 1986 | 3.3% | +23.9% |
| 1987 | 3.2% | -4.5% |
| 1988 | 3.1% | -2.1% |
| 1989 | 2.7% | -15.3% |
| 1990 | 2.7% | +2.6% |
| 1991 | 2.8% | +2.6% |
| 1992 | 2.7% | -3.6% |
| 1993 | 2.7% | +1.0% |
| 1994 | 4.0% | +45.5% |
| 1995 | 3.7% | -5.5% |
| 1996 | 3.6% | -3.1% |
| 1997 | 3.1% | -14.5% |
| 1998 | 3.1% | -1.1% |
| 1999 | 2.6% | -13.6% |
| 2000 | 2.2% | -16.8% |
| 2001 | 1.7% | -22.9% |
| 2002 | 1.8% | +5.1% |
| 2003 | 1.7% | -4.8% |
| 2004 | 1.5% | -10.9% |
| 2005 | 1.3% | -14.8% |
| 2006 | 1.0% | -24.4% |
| 2007 | 1.0% | +4.7% |
| 2008 | 0.9% | -10.6% |
| 2009 | 0.9% | -3.5% |
| 2010 | 0.7% | -16.2% |
| 2011 | 0.7% | -1.1% |
| 2012 | 0.7% | +2.6% |
| 2013 | 0.9% | +16.6% |
| 2014 | 1.0% | +19.5% |
| 2015 | 1.1% | +9.3% |
| 2016 | 1.4% | +24.6% |
| 2017 | 1.6% | +10.4% |
| 2018 | 1.7% | +6.3% |
| 2019 | 2.0% | +18.2% |
| 2020 | 2.1% | +7.1% |
| 2021 | 2.1% | +0.3% |
| 2022 | 2.1% | -2.4% |
| 2023 | 1.9% | -7.2% |
| 2024 | 2.1% | +12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.8% | 1.3% | 2.5% | 10 |
| 1980s | 2.9% | 2.7% | 3.3% | 10 |
| 1990s | 3.1% | 2.6% | 4.0% | 10 |
| 2000s | 1.4% | 0.9% | 2.2% | 10 |
| 2010s | 1.2% | 0.7% | 2.0% | 10 |
| 2020s | 2.1% | 1.9% | 2.1% | 5 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 12 Saint Kitts and Nevis 6.0% compare
- 13 Montenegro 5.5% compare
- 14 Lao People's Democratic Republic 5.3% compare
- 15 Côte d'Ivoire 5.2% compare
- 16 Jamaica 5.2% compare
- 17 Serbia 5.0% compare
- 18 Bhutan 5.0% compare
More external debt data for Heavily indebted poor countries (HIPC)
- IFC, private nonguaranteed 571.73 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.608 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0005 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 9.94 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 8.0% (2024)
- Debt service (PPG and IMF only, % of exports of goods, services and) 9.0% (2024)
- Net official development assistance received 40.57 billion current US$ (2018)
- IFC, private nonguaranteed (NFL, US$), annual growth rate 196.3 % change on previous year (2024)
- Net official flows from UN agencies, CERF 392.02 million current US$ (2022)
Frequently asked questions
- What is public and publicly guaranteed debt service in Heavily indebted poor countries (HIPC)?
- Public and publicly guaranteed debt service in Heavily indebted poor countries (HIPC) was 2.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 4.0% in 1994.
- What is the lowest public and publicly guaranteed debt service recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 0.7% in 2011.
- How does Heavily indebted poor countries (HIPC) rank for public and publicly guaranteed debt service?
- Heavily indebted poor countries (HIPC) ranks 15th out of 32 groups with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is up 105.7%. The long-run trend across the full record is falling.
- Where does this Heavily indebted poor countries (HIPC) data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national 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. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.