Public and publicly guaranteed debt service in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Public and publicly guaranteed debt service was 2.3% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Latin America & Caribbean (excluding high income), 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 Latin America & Caribbean (excluding high income) is 2.3%, measured in 2024.
The figure is up 26.7% on the previous year and up 103.6% over ten years.
Over the whole period, public and publicly guaranteed debt service in Latin America & Caribbean (excluding high income) peaked at 4.6% in 1985 and was at its lowest, 1.1%, in 2014.
That places Latin America & Caribbean (excluding high income) 12th 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 Latin America & Caribbean (excluding high income), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.5% | — |
| 1971 | 1.5% | -2.5% |
| 1972 | 1.6% | +4.1% |
| 1973 | 1.7% | +6.5% |
| 1974 | 1.5% | -9.6% |
| 1975 | 1.7% | +13.6% |
| 1976 | 1.9% | +11.6% |
| 1977 | 2.5% | +31.2% |
| 1978 | 3.4% | +35.7% |
| 1979 | 4.3% | +28.1% |
| 1980 | 3.6% | -16.4% |
| 1981 | 3.5% | -1.9% |
| 1982 | 4.3% | +20.2% |
| 1983 | 4.6% | +7.2% |
| 1984 | 4.4% | -4.2% |
| 1985 | 4.6% | +6.2% |
| 1986 | 4.4% | -4.6% |
| 1987 | 4.1% | -7.8% |
| 1988 | 4.5% | +10.8% |
| 1989 | 3.3% | -26.8% |
| 1990 | 2.8% | -16.7% |
| 1991 | 2.7% | -3.1% |
| 1992 | 3.0% | +12.4% |
| 1993 | 2.2% | -27.4% |
| 1994 | 2.1% | -2.8% |
| 1995 | 2.6% | +23.8% |
| 1996 | 3.2% | +20.4% |
| 1997 | 3.2% | +0.2% |
| 1998 | 2.7% | -13.5% |
| 1999 | 3.5% | +28.7% |
| 2000 | 3.5% | +0.3% |
| 2001 | 3.3% | -7.3% |
| 2002 | 3.5% | +5.8% |
| 2003 | 3.7% | +5.9% |
| 2004 | 3.1% | -14.4% |
| 2005 | 2.5% | -19.1% |
| 2006 | 3.3% | +27.9% |
| 2007 | 2.1% | -36.3% |
| 2008 | 1.7% | -16.7% |
| 2009 | 1.7% | -3.6% |
| 2010 | 1.3% | -19.8% |
| 2011 | 1.2% | -8.5% |
| 2012 | 1.4% | +12.0% |
| 2013 | 1.3% | -7.4% |
| 2014 | 1.1% | -10.5% |
| 2015 | 1.9% | +68.7% |
| 2016 | 2.4% | +24.2% |
| 2017 | 2.6% | +8.8% |
| 2018 | 2.5% | -1.5% |
| 2019 | 3.1% | +20.8% |
| 2020 | 2.8% | -7.5% |
| 2021 | 2.6% | -9.0% |
| 2022 | 1.8% | -31.3% |
| 2023 | 1.8% | +2.4% |
| 2024 | 2.3% | +26.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.1% | 1.5% | 4.3% | 10 |
| 1980s | 4.1% | 3.3% | 4.6% | 10 |
| 1990s | 2.8% | 2.1% | 3.5% | 10 |
| 2000s | 2.8% | 1.7% | 3.7% | 10 |
| 2010s | 1.9% | 1.1% | 3.1% | 10 |
| 2020s | 2.3% | 1.8% | 2.8% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 9 Senegal 6.3% compare
- 10 Mauritius 6.2% compare
- 11 Tonga 6.2% compare
- 12 Saint Kitts and Nevis 6.0% compare
- 13 Montenegro 5.5% compare
- 14 Laos 5.3% compare
- 15 Cote d'Ivoire 5.2% compare
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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 7.99 NFL, current US$ per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is public and publicly guaranteed debt service in Latin America & Caribbean (excluding high income)?
- Public and publicly guaranteed debt service in Latin America & Caribbean (excluding high income) was 2.3% 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 (excluding high income)?
- The highest recorded value was 4.6% in 1985.
- What is the lowest public and publicly guaranteed debt service recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 1.1% in 2014.
- How does Latin America & Caribbean (excluding high income) rank for public and publicly guaranteed debt service?
- Latin America & Caribbean (excluding high income) ranks 12th out of 32 groups with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 103.6%. The long-run trend across the full record is falling.
- 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 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.