Total debt service in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Total debt service was 19.8% in 2024. ▼ Falling
Total debt service in Latin America & Caribbean (excluding high income), 1979–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, total debt service in Latin America & Caribbean (excluding high income) stood at 19.8%.
Compared with earlier readings it is down 26.8% on the previous year and up 21.7% over ten years.
Over the whole period, total debt service in Latin America & Caribbean (excluding high income) peaked at 57.4% in 1982 and was at its lowest, 14.0%, in 2011.
The long-run direction has been consistently falling across the 46 years of available data.
Total debt service in Latin America & Caribbean (excluding high income), year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1979 | 45.6% | — |
| 1980 | 43.9% | -3.7% |
| 1981 | 49.5% | +12.8% |
| 1982 | 57.4% | +15.8% |
| 1983 | 48.2% | -16.0% |
| 1984 | 44.4% | -8.0% |
| 1985 | 42.2% | -4.8% |
| 1986 | 46.2% | +9.4% |
| 1987 | 39.2% | -15.1% |
| 1988 | 40.3% | +2.8% |
| 1989 | 33.9% | -16.0% |
| 1990 | 24.9% | -26.4% |
| 1991 | 26.6% | +6.7% |
| 1992 | 29.4% | +10.6% |
| 1993 | 31.2% | +6.1% |
| 1994 | 27.6% | -11.6% |
| 1995 | 33.7% | +22.1% |
| 1996 | 41.7% | +23.9% |
| 1997 | 45.0% | +7.9% |
| 1998 | 38.8% | -13.9% |
| 1999 | 48.0% | +23.8% |
| 2000 | 44.6% | -7.1% |
| 2001 | 38.2% | -14.4% |
| 2002 | 32.7% | -14.5% |
| 2003 | 32.9% | +0.8% |
| 2004 | 28.3% | -14.1% |
| 2005 | 25.8% | -8.8% |
| 2006 | 25.8% | -0.0% |
| 2007 | 18.5% | -28.3% |
| 2008 | 16.0% | -13.6% |
| 2009 | 18.5% | +15.8% |
| 2010 | 14.3% | -22.8% |
| 2011 | 14.0% | -1.8% |
| 2012 | 16.2% | +15.7% |
| 2013 | 16.5% | +1.9% |
| 2014 | 16.3% | -1.7% |
| 2015 | 22.3% | +37.2% |
| 2016 | 29.1% | +30.4% |
| 2017 | 25.3% | -13.2% |
| 2018 | 22.9% | -9.4% |
| 2019 | 28.8% | +25.7% |
| 2020 | 30.2% | +5.0% |
| 2021 | 26.6% | -11.9% |
| 2022 | 18.6% | -30.1% |
| 2023 | 27.0% | +45.0% |
| 2024 | 19.8% | -26.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45.6% | 45.6% | 45.6% | 1 |
| 1980s | 44.5% | 33.9% | 57.4% | 10 |
| 1990s | 34.7% | 24.9% | 48.0% | 10 |
| 2000s | 28.1% | 16.0% | 44.6% | 10 |
| 2010s | 20.6% | 14.0% | 29.1% | 10 |
| 2020s | 24.4% | 18.6% | 30.2% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 1 El Salvador 96.2% compare
- 2 Haiti 63.2% compare
- 3 Egypt 49.2% compare
- 4 Kazakhstan 48.4% compare
- 5 Mozambique 46.5% compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Households and NPISHs Final consumption expenditure (current US$) 7,260 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.11 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.138 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,436 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.18 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6975 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5838 constant 2015 US$ per US$ of GDP (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)
- General government final consumption expenditure (current US$), per 1,706 current US$ per person (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is total debt service in Latin America & Caribbean (excluding high income)?
- Total debt service in Latin America & Caribbean (excluding high income) was 19.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 57.4% in 1982.
- What is the lowest total debt service recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 14.0% in 2011.
- How does Latin America & Caribbean (excluding high income) rank for total debt service?
- Latin America & Caribbean (excluding high income) ranks 2nd out of 12 groups with data for 2024.
- Is total debt service rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 21.7%. 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 International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.