Central government debt, total in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Central government debt, total was 70.4% in 2024. ▼ Falling
Central government debt, total in Latin America & Caribbean (excluding high income), 2019–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, central government debt, total in Latin America & Caribbean (excluding high income) stood at 70.4%.
That represents a change of up 1.6% on the previous year and down 0.8% over ten years.
Central government debt, total in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2019 | 71.0% | — |
| 2020 | 77.9% | +9.7% |
| 2021 | 69.2% | -11.2% |
| 2022 | 66.5% | -4.0% |
| 2023 | 69.3% | +4.3% |
| 2024 | 70.4% | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 71.0% | 71.0% | 71.0% | 1 |
| 2020s | 70.7% | 66.5% | 77.9% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 1 Singapore 167.8% compare
- 2 United Kingdom 130.7% compare
- 3 Barbados 125.0%
- 4 United States 115.8% compare
- 5 Bahrain 111.6%
More economy & growth data for Latin America & Caribbean (excluding high income)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0243 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 158.56 billion BoP, current US$ (2025)
- Final consumption expenditure (current US$), annual growth rate 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,076 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5838 constant 2015 US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -4.48 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.45 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,260 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6975 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 0.1639 current US$ per US$ of GDP (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is central government debt, total in Latin America & Caribbean (excluding high income)?
- Central government debt, total in Latin America & Caribbean (excluding high income) was 70.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 77.9% in 2020.
- What is the lowest central government debt, total recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 66.5% in 2022.
- How does Latin America & Caribbean (excluding high income) rank for central government debt, total?
- Latin America & Caribbean (excluding high income) ranks 2nd out of 7 groups with data for 2024.
- Is central government debt, total rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 0.8%. 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 Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.