Africa's Development Dynamics (AfDD) Table 16 - Public finances in Latin America and the Caribbean
Latin America and the Caribbean: Africa's Development Dynamics (AfDD) Table 16 - Public finances was 32.96 Percentage of GDP in 2028. ▲ Rising
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Latin America and the Caribbean, 2001–2028
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for africa's development dynamics (afdd) table 16 - public finances in Latin America and the Caribbean is 32.96 Percentage of GDP, measured in 2028.
Compared with earlier readings it is down 0.7% on the previous year and down 4.1% over ten years.
Over the whole period, africa's development dynamics (afdd) table 16 - public finances in Latin America and the Caribbean peaked at 36.66 Percentage of GDP in 2020 and was at its lowest, 28.82 Percentage of GDP, in 2004.
That places Latin America and the Caribbean 8th out of 28 groups with data for 2028, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Latin America and the Caribbean, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2001 | 29.04 Percentage of GDP | — |
| 2002 | 30.5 Percentage of GDP | +5.0% |
| 2003 | 29.76 Percentage of GDP | -2.4% |
| 2004 | 28.82 Percentage of GDP | -3.1% |
| 2005 | 29.95 Percentage of GDP | +3.9% |
| 2006 | 30.45 Percentage of GDP | +1.7% |
| 2007 | 30.45 Percentage of GDP | -0.0% |
| 2008 | 32.02 Percentage of GDP | +5.2% |
| 2009 | 32.78 Percentage of GDP | +2.4% |
| 2010 | 32.6 Percentage of GDP | -0.5% |
| 2011 | 33.24 Percentage of GDP | +2.0% |
| 2012 | 33.4 Percentage of GDP | +0.5% |
| 2013 | 33.73 Percentage of GDP | +1.0% |
| 2014 | 34.18 Percentage of GDP | +1.3% |
| 2015 | 35.15 Percentage of GDP | +2.8% |
| 2016 | 34.39 Percentage of GDP | -2.2% |
| 2017 | 33.96 Percentage of GDP | -1.2% |
| 2018 | 34.37 Percentage of GDP | +1.2% |
| 2019 | 33.69 Percentage of GDP | -2.0% |
| 2020 | 36.66 Percentage of GDP | +8.8% |
| 2021 | 33.44 Percentage of GDP | -8.8% |
| 2022 | 34.3 Percentage of GDP | +2.6% |
| 2023 | 34.98 Percentage of GDP | +2.0% |
| 2024 | 35.16 Percentage of GDP | +0.5% |
| 2025 | 33.86 Percentage of GDP | -3.7% |
| 2026 | 33.53 Percentage of GDP | -1.0% |
| 2027 | 33.19 Percentage of GDP | -1.0% |
| 2028 | 32.96 Percentage of GDP | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.42 Percentage of GDP | 28.82 Percentage of GDP | 32.78 Percentage of GDP | 9 |
| 2010s | 33.87 Percentage of GDP | 32.6 Percentage of GDP | 35.15 Percentage of GDP | 10 |
| 2020s | 34.23 Percentage of GDP | 32.96 Percentage of GDP | 36.66 Percentage of GDP | 9 |
Countries ranked near Latin America and the Caribbean
- 5 Belgium 56.19 Percentage of GDP compare
- 5 Netherlands 46.7 Percentage of GDP compare
- 6 France 55.73 Percentage of GDP compare
- 6 Slovenia 45.79 Percentage of GDP compare
- 7 Estonia 43.22 Percentage of GDP compare
- 7 Finland 53.73 Percentage of GDP compare
- 8 Austria 51.15 Percentage of GDP compare
- 9 Luxembourg 50.23 Percentage of GDP compare
- 10 Italy 50 Percentage of GDP compare
- 10 Latvia 38.69 Percentage of GDP compare
- 10 Fiji 30.19 Percentage of GDP compare
- 11 Denmark 49.73 Percentage of GDP compare
- 11 Eswatini 29.21 Percentage of GDP compare
More economy & growth data for Latin America and the Caribbean
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.86 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 13.84 million (2027)
- 2.5.1b Number of transboundary breeds (including extinct ones) — Value 348 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- 2.5.2 Number of transboundary breeds (not extinct) — Value 340 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
- 2.5.2 Number of local breeds (not extinct) — Value 569 No (2025)
- 2.5.1b Number of local breeds kept in the country — Value 580 No (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 16 - public finances in Latin America and the Caribbean?
- Africa's development dynamics (afdd) table 16 - public finances in Latin America and the Caribbean was 32.96 Percentage of GDP in 2028, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 16 - public finances recorded in Latin America and the Caribbean?
- The highest recorded value was 36.66 Percentage of GDP in 2020.
- What is the lowest africa's development dynamics (afdd) table 16 - public finances recorded in Latin America and the Caribbean?
- The lowest recorded value was 28.82 Percentage of GDP in 2004.
- How does Latin America and the Caribbean rank for africa's development dynamics (afdd) table 16 - public finances?
- Latin America and the Caribbean ranks 8th out of 28 groups with data for 2028.
- Is africa's development dynamics (afdd) table 16 - public finances rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 4.1%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.