Public and publicly guaranteed debt service in Latin America & Caribbean
Latin America & Caribbean: Public and publicly guaranteed debt service was 2.3% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Latin America & Caribbean, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, public and publicly guaranteed debt service in Latin America & Caribbean stood at 2.3%.
Compared with earlier readings it is up 26.6% on the previous year and up 103.0% over ten years.
Over the whole period, public and publicly guaranteed debt service in Latin America & Caribbean peaked at 4.6% in 1985 and was at its lowest, 1.1%, in 2014.
That places Latin America & Caribbean 13th 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, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.5% | — |
| 1971 | 1.5% | -2.5% |
| 1972 | 1.6% | +4.2% |
| 1973 | 1.7% | +6.6% |
| 1974 | 1.5% | -9.7% |
| 1975 | 1.7% | +13.6% |
| 1976 | 1.9% | +11.8% |
| 1977 | 2.5% | +31.0% |
| 1978 | 3.4% | +35.7% |
| 1979 | 4.3% | +28.2% |
| 1980 | 3.6% | -16.5% |
| 1981 | 3.5% | -1.9% |
| 1982 | 4.3% | +20.0% |
| 1983 | 4.6% | +7.2% |
| 1984 | 4.4% | -4.2% |
| 1985 | 4.6% | +6.1% |
| 1986 | 4.4% | -4.6% |
| 1987 | 4.1% | -7.8% |
| 1988 | 4.5% | +10.8% |
| 1989 | 3.3% | -26.7% |
| 1990 | 2.8% | -16.3% |
| 1991 | 2.7% | -3.3% |
| 1992 | 3.0% | +12.3% |
| 1993 | 2.2% | -27.4% |
| 1994 | 2.1% | -2.9% |
| 1995 | 2.6% | +23.8% |
| 1996 | 3.2% | +20.4% |
| 1997 | 3.2% | +0.3% |
| 1998 | 2.7% | -13.5% |
| 1999 | 3.5% | +28.6% |
| 2000 | 3.5% | +0.3% |
| 2001 | 3.3% | -7.3% |
| 2002 | 3.5% | +5.9% |
| 2003 | 3.7% | +5.9% |
| 2004 | 3.1% | -14.4% |
| 2005 | 2.5% | -19.1% |
| 2006 | 3.3% | +27.8% |
| 2007 | 2.1% | -36.2% |
| 2008 | 1.7% | -16.7% |
| 2009 | 1.7% | -3.6% |
| 2010 | 1.3% | -19.8% |
| 2011 | 1.2% | -8.5% |
| 2012 | 1.4% | +12.2% |
| 2013 | 1.3% | -7.6% |
| 2014 | 1.1% | -10.4% |
| 2015 | 1.9% | +68.6% |
| 2016 | 2.4% | +24.2% |
| 2017 | 2.6% | +8.8% |
| 2018 | 2.5% | -1.4% |
| 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% | +26.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.2% | 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
- 10 Mauritius 6.2% compare
- 11 Tonga 6.2% compare
- 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
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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 10.17 NFL, current US$ per square kilometre (2023)
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 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?
- The highest recorded value was 4.6% in 1985.
- What is the lowest public and publicly guaranteed debt service recorded in Latin America & Caribbean?
- The lowest recorded value was 1.1% in 2014.
- How does Latin America & Caribbean rank for public and publicly guaranteed debt service?
- Latin America & Caribbean ranks 13th 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 103.0%. The long-run trend across the full record is falling.
- 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 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.