Public and publicly guaranteed debt service in Least developed countries
Least developed countries: Public and publicly guaranteed debt service was 2.0% in 2024. ▲ Rising
Public and publicly guaranteed debt service in Least developed countries, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Least developed countries recorded 2.0% for public and publicly guaranteed debt service in 2024.
The figure is up 1.4% on the previous year and up 36.2% over ten years.
Over the whole period, public and publicly guaranteed debt service in Least developed countries peaked at 2.3% in 1998 and was at its lowest, 0.9%, in 2008.
That places Least developed countries 17th out of 32 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Public and publicly guaranteed debt service in Least developed countries, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.2% | — |
| 1971 | 1.2% | +3.9% |
| 1972 | 1.4% | +12.2% |
| 1973 | 1.8% | +28.2% |
| 1974 | 1.2% | -34.2% |
| 1975 | 1.1% | -3.3% |
| 1976 | 1.1% | +0.1% |
| 1977 | 1.4% | +25.2% |
| 1978 | 1.3% | -10.6% |
| 1979 | 1.4% | +12.1% |
| 1980 | 1.7% | +22.1% |
| 1981 | 1.7% | -3.8% |
| 1982 | 1.4% | -17.2% |
| 1983 | 1.3% | -3.1% |
| 1984 | 1.5% | +15.4% |
| 1985 | 1.6% | +4.2% |
| 1986 | 2.3% | +42.8% |
| 1987 | 2.2% | -3.2% |
| 1988 | 2.1% | -3.4% |
| 1989 | 2.0% | -7.1% |
| 1990 | 1.6% | -17.6% |
| 1991 | 1.7% | +2.1% |
| 1992 | 1.6% | -3.8% |
| 1993 | 1.5% | -6.2% |
| 1994 | 1.8% | +16.8% |
| 1995 | 2.3% | +33.2% |
| 1996 | 2.3% | -2.3% |
| 1997 | 2.1% | -10.0% |
| 1998 | 2.3% | +14.0% |
| 1999 | 2.1% | -9.7% |
| 2000 | 2.0% | -4.9% |
| 2001 | 2.2% | +10.9% |
| 2002 | 1.8% | -21.0% |
| 2003 | 1.7% | -4.9% |
| 2004 | 1.6% | -2.5% |
| 2005 | 1.6% | -1.5% |
| 2006 | 1.8% | +11.8% |
| 2007 | 1.7% | -5.8% |
| 2008 | 0.9% | -49.3% |
| 2009 | 1.2% | +38.5% |
| 2010 | 0.9% | -24.8% |
| 2011 | 0.9% | +5.6% |
| 2012 | 1.2% | +28.0% |
| 2013 | 1.5% | +20.1% |
| 2014 | 1.5% | +1.7% |
| 2015 | 1.5% | -0.8% |
| 2016 | 1.8% | +23.7% |
| 2017 | 1.6% | -10.3% |
| 2018 | 1.8% | +9.7% |
| 2019 | 1.9% | +8.1% |
| 2020 | 1.7% | -13.3% |
| 2021 | 2.0% | +19.0% |
| 2022 | 1.7% | -14.4% |
| 2023 | 2.0% | +16.5% |
| 2024 | 2.0% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.3% | 1.1% | 1.8% | 10 |
| 1980s | 1.8% | 1.3% | 2.3% | 10 |
| 1990s | 1.9% | 1.5% | 2.3% | 10 |
| 2000s | 1.7% | 0.9% | 2.2% | 10 |
| 2010s | 1.5% | 0.9% | 1.9% | 10 |
| 2020s | 1.9% | 1.7% | 2.0% | 5 |
Countries ranked near Least developed countries
- 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
- 19 Cape Verde 4.8% compare
- 20 Suriname 4.8% compare
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 8.9% (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 2.0% 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 2.3% in 1998.
- What is the lowest public and publicly guaranteed debt service recorded in Least developed countries?
- The lowest recorded value was 0.9% in 2008.
- How does Least developed countries rank for public and publicly guaranteed debt service?
- Least developed countries ranks 17th 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 36.2%. The long-run trend across the full record is rising.
- 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 GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.