Public and publicly guaranteed debt service in Lower middle income
Lower middle income: Public and publicly guaranteed debt service was 1.9% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Lower middle income, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Lower middle income recorded 1.9% for public and publicly guaranteed debt service in 2024.
That represents a change of up 20.6% on the previous year and up 73.3% over ten years.
Over the whole period, public and publicly guaranteed debt service in Lower middle income peaked at 3.8% in 1994 and was at its lowest, 0.8%, in 2010.
That places Lower middle income 18th 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 Lower middle income, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.9% | — |
| 1971 | 1.2% | -34.4% |
| 1972 | 1.4% | +11.6% |
| 1973 | 1.5% | +9.7% |
| 1974 | 1.1% | -24.4% |
| 1975 | 1.2% | +3.2% |
| 1976 | 1.3% | +11.1% |
| 1977 | 1.5% | +13.6% |
| 1978 | 1.8% | +17.7% |
| 1979 | 1.8% | +4.1% |
| 1980 | 1.9% | +5.9% |
| 1981 | 2.1% | +9.0% |
| 1982 | 2.1% | +1.5% |
| 1983 | 2.3% | +7.2% |
| 1984 | 2.2% | -5.2% |
| 1985 | 2.4% | +7.8% |
| 1986 | 2.7% | +14.4% |
| 1987 | 2.4% | -11.6% |
| 1988 | 2.6% | +7.6% |
| 1989 | 2.8% | +7.8% |
| 1990 | 3.0% | +7.4% |
| 1991 | 3.4% | +13.3% |
| 1992 | 3.3% | -0.9% |
| 1993 | 3.3% | -0.1% |
| 1994 | 3.8% | +14.4% |
| 1995 | 3.7% | -1.8% |
| 1996 | 3.3% | -10.9% |
| 1997 | 3.3% | -1.0% |
| 1998 | 3.0% | -10.6% |
| 1999 | 2.6% | -12.7% |
| 2000 | 2.7% | +3.2% |
| 2001 | 2.4% | -9.3% |
| 2002 | 2.8% | +14.5% |
| 2003 | 3.2% | +16.0% |
| 2004 | 2.2% | -30.0% |
| 2005 | 2.3% | +1.0% |
| 2006 | 1.6% | -30.5% |
| 2007 | 1.5% | -2.3% |
| 2008 | 1.4% | -10.2% |
| 2009 | 1.1% | -23.4% |
| 2010 | 0.8% | -20.5% |
| 2011 | 0.9% | +4.3% |
| 2012 | 0.8% | -3.5% |
| 2013 | 1.0% | +15.6% |
| 2014 | 1.1% | +9.4% |
| 2015 | 1.0% | -5.7% |
| 2016 | 1.4% | +35.4% |
| 2017 | 1.2% | -13.5% |
| 2018 | 1.4% | +20.5% |
| 2019 | 1.4% | -3.8% |
| 2020 | 1.5% | +11.3% |
| 2021 | 1.4% | -9.9% |
| 2022 | 1.4% | +2.5% |
| 2023 | 1.5% | +9.1% |
| 2024 | 1.9% | +20.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.5% | 1.1% | 1.9% | 10 |
| 1980s | 2.3% | 1.9% | 2.8% | 10 |
| 1990s | 3.3% | 2.6% | 3.8% | 10 |
| 2000s | 2.1% | 1.1% | 3.2% | 10 |
| 2010s | 1.1% | 0.8% | 1.4% | 10 |
| 2020s | 1.5% | 1.4% | 1.9% | 5 |
Countries ranked near Lower middle income
- 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
- 21 Mozambique 4.7% compare
More external debt data for Lower middle income
- IFC, private nonguaranteed 3.01 billion NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.04 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 48.04 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA 9.00 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 3.1 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0013 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 10.32 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.8% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 482.72 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Lower middle income?
- Public and publicly guaranteed debt service in Lower middle income was 1.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Lower middle income?
- The highest recorded value was 3.8% in 1994.
- What is the lowest public and publicly guaranteed debt service recorded in Lower middle income?
- The lowest recorded value was 0.8% in 2010.
- How does Lower middle income rank for public and publicly guaranteed debt service?
- Lower middle income ranks 18th out of 32 groups with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Lower middle income?
- Over the last ten years it is up 73.3%. The long-run trend across the full record is falling.
- Where does this Lower middle 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.