Latin America: foreign debt as share of GDP 2022, by country

Published by
Jose Sanchez,
Jul 5, 2024
Panama is the Latin American country with the highest foreign debt in relation to its gross domestic product (GDP). The total debt held by Panama's central government to foreign creditors represented over 50 percent of the country's GDP in 2022. Nicaragua ranked second among the countries shown in this statistic, with an external debt equivalent to 40.5 percent of its GDP.

External debt as percentage of gross domestic product in Latin America in 2022, by country

CharacteristicForeign debt as share of GDP
Panama 51.7%
Nicaragua 40.5%
Ecuador 40.1%
El Salvador 33.1%
Dominican Republic 32.1%
Argentina 31%
Bolivia (Plurinational State of) 29.9%
Paraguay 29.8%
Uruguay 28.3%
Honduras 26.92%
Colombia 24%
Costa Rica 16.3%
Peru 15.9%
Showing entries 1 to 13 (17 entries in total)
Created with Highcharts 7.2.2Foreign debt as share of GDP51.7%51.7%40.5%40.5%40.1%40.1%33.1%33.1%32.1%32.1%31%31%29.9%29.9%29.8%29.8%28.3%28.3%26.92%26.92%24%24%16.3%16.3%15.9%15.9%13.5%13.5%11.9%11.9%9.1%9.1%7.8%7.8%PanamaNicaraguaEcuadorEl SalvadorDominican RepublicArgentinaBolivia (Plurinational State of)ParaguayUruguayHondurasColombiaCosta RicaPeruChileGuatemalaBrazilMexico
0%5%10%15%20%25%30%35%40%45%50%55%60%

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Release date

2023

Region

LAC

Survey time period

2022

Special properties

Foreign debt held by the central governments

Supplementary notes

Data for Venezuela and the Caribbean countries was either outdated or unavailable.

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Regional overview

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External debt

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Mexico

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Peru

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Colombia

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