Government debt % GDP in Latin America & Caribbean (excluding high income) stood at 70.41% in 2024, according to World Bank. The latest value is up 1.08 percentage points from 69.33% in 2023.
Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash
Government debt % GDP, measured in %, measures the government's fiscal obligations and borrowing levels in Latin America & Caribbean (excluding high income), serving as a critical indicator of fiscal sustainability, creditworthiness, and the capacity to finance public services and respond to crises. Government debt accumulates when spending exceeds revenues over time, requiring borrowing from domestic and international creditors through bond issuance. In Latin America & Caribbean (excluding high income), Government debt % GDP is typically expressed as a percentage of GDP to account for the economy's capacity to service the debt — a country with larger economic output can sustain higher debt levels than a smaller economy. Key considerations include debt composition (domestic vs foreign currency, short vs long-term), interest rates, and who holds the debt (domestic investors, foreign governments, central banks). Sustainable debt levels vary by country depending on institutional strength, growth prospects, and investor confidence, but ratios above 90-100% of GDP often raise concerns among credit rating agencies.
Government debt % GDP in Latin America & Caribbean (excluding high income) stood at 70.41% in 2024, according to World Bank.
The latest value is up 1.08 percentage points from 69.33% in 2023.
| Indicator | Government debt % GDP |
|---|---|
| Country | Latin America & Caribbean (excluding high income) |
| Category | Macroeconomics |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Government debt % GDP — Latin America & Caribbean (excluding high income) [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/government-debt-percent-gdp/LAC. Original source: https://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS
World Bank. "Government debt % GDP — Latin America & Caribbean (excluding high income)." EconDash, 2026, https://econdash.org/chart/government-debt-percent-gdp/LAC. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS.
World Bank. 2026. "Government debt % GDP — Latin America & Caribbean (excluding high income)." EconDash. Accessed November 13, 2026. https://econdash.org/chart/government-debt-percent-gdp/LAC. Original source: https://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS.
@misc{econdash_government_debt_percent_gdp_lac,
author = {{World Bank}},
title = {{Government debt \% GDP --- Latin America \& Caribbean (excluding high income)}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/government-debt-percent-gdp/LAC},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS}
}Browse indicators available for Latin America & Caribbean (excluding high income). Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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