Total debt service in Latin America & Caribbean
Latin America & Caribbean: Total debt service was 5.3% in 2024. ▲ Rising
Total debt service in Latin America & Caribbean, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for total debt service in Latin America & Caribbean is 5.3%, measured in 2024.
That represents a change of down 25.0% on the previous year and up 65.8% over ten years.
Over the whole period, total debt service in Latin America & Caribbean peaked at 8.4% in 1999 and was at its lowest, 2.8%, in 2010.
Latin America & Caribbean ranks 5th of 32 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Total debt service in Latin America & Caribbean, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 3.4% | — |
| 1971 | 3.1% | -7.4% |
| 1972 | 3.2% | +2.1% |
| 1973 | 3.2% | -0.0% |
| 1974 | 3.2% | -1.9% |
| 1975 | 3.4% | +7.5% |
| 1976 | 3.5% | +2.4% |
| 1977 | 4.0% | +16.0% |
| 1978 | 5.0% | +25.2% |
| 1979 | 6.0% | +18.4% |
| 1980 | 5.9% | -0.2% |
| 1981 | 6.4% | +7.5% |
| 1982 | 7.5% | +17.2% |
| 1983 | 7.4% | -0.9% |
| 1984 | 7.3% | -2.3% |
| 1985 | 6.8% | -6.0% |
| 1986 | 6.6% | -3.3% |
| 1987 | 5.8% | -12.8% |
| 1988 | 6.3% | +9.7% |
| 1989 | 5.0% | -20.3% |
| 1990 | 3.8% | -24.1% |
| 1991 | 3.8% | -0.8% |
| 1992 | 4.1% | +9.0% |
| 1993 | 4.0% | -2.9% |
| 1994 | 3.5% | -12.6% |
| 1995 | 4.2% | +19.1% |
| 1996 | 5.2% | +24.2% |
| 1997 | 5.7% | +9.8% |
| 1998 | 5.8% | +1.0% |
| 1999 | 8.4% | +45.3% |
| 2000 | 8.3% | -1.1% |
| 2001 | 7.0% | -14.8% |
| 2002 | 6.8% | -4.0% |
| 2003 | 7.3% | +7.7% |
| 2004 | 6.6% | -9.8% |
| 2005 | 5.8% | -11.2% |
| 2006 | 5.9% | +0.4% |
| 2007 | 4.1% | -30.6% |
| 2008 | 3.5% | -14.4% |
| 2009 | 3.5% | +0.6% |
| 2010 | 2.8% | -21.1% |
| 2011 | 2.8% | +2.3% |
| 2012 | 3.3% | +17.2% |
| 2013 | 3.3% | +0.1% |
| 2014 | 3.2% | -3.0% |
| 2015 | 4.7% | +45.0% |
| 2016 | 6.3% | +34.9% |
| 2017 | 5.5% | -12.5% |
| 2018 | 5.6% | +1.3% |
| 2019 | 7.2% | +29.3% |
| 2020 | 7.7% | +7.6% |
| 2021 | 7.5% | -3.0% |
| 2022 | 5.5% | -27.1% |
| 2023 | 7.1% | +29.8% |
| 2024 | 5.3% | -25.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.8% | 3.1% | 6.0% | 10 |
| 1980s | 6.5% | 5.0% | 7.5% | 10 |
| 1990s | 4.8% | 3.5% | 8.4% | 10 |
| 2000s | 5.9% | 3.5% | 8.3% | 10 |
| 2010s | 4.5% | 2.8% | 7.2% | 10 |
| 2020s | 6.6% | 5.3% | 7.7% | 5 |
Countries ranked near Latin America & Caribbean
- 2 Mongolia 25.7% compare
- 3 Mozambique 22.4% compare
- 4 Suriname 20.5% compare
- 5 Papua New Guinea 20.4% compare
- 6 Zambia 17.3% compare
- 7 Kazakhstan 17.3% compare
- 8 Georgia 15.2% compare
More economy & growth data for Latin America & Caribbean
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,782 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.15 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,410 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1607 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is total debt service in Latin America & Caribbean?
- Total debt service in Latin America & Caribbean was 5.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Latin America & Caribbean?
- The highest recorded value was 8.4% in 1999.
- What is the lowest total debt service recorded in Latin America & Caribbean?
- The lowest recorded value was 2.8% in 2010.
- How does Latin America & Caribbean rank for total debt service?
- Latin America & Caribbean ranks 5th out of 32 groups with data for 2024.
- Is total debt service rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 65.8%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
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.