Argentina's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) was US$14.25 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 40.93% from US$10.11 billion in 2014 (3.49% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$14.25 billion | 2024 |
| Five years earlier | US$28.18 billion | 2019 |
| Ten years earlier | US$10.11 billion | 2014 |
| Highest | US$30.25 billion | 2017 |
| Lowest | US$442.76 million | 1971 |
| Average since 2015 | US$16.27 billion | 2015–2024 |
| First recorded | US$472.42 million |
What the numbers say
In 2024, Argentina's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) rose 47.6% on 2023 (from US$9.65 billion to US$14.25 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +10.6% and a typical year strayed about 37.6% from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 101.3% in 1978 and the biggest yearly fall was 64.2% in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 21% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Argentina had the 10th highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Argentina | US$14.25 billion | 2024 |
| Upper middle income | US$322.86 billion | 2024 |
Closest to Argentina in the 2024 ranking
- Egypt, Arab Rep. — 7th of 120: US$24.27 billion
- Russian Federation — 8th of 120: US$20.09 billion
- Colombia — 9th of 120: US$14.87 billion
- Pakistan — 11th of 120: US$11.22 billion
- Angola — 12th of 120: US$9.86 billion
- Philippines — 13th of 120: US$9.67 billion
What this measures
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) |
|---|---|
| 2024 | 14,245,524,164 |
| 2023 | 9,654,089,844 |
| 2022 | 8,000,901,910 |
| 2021 | 5,762,112,017 |
| 2020 | 10,683,900,070 |
| 2019 | 28,179,273,886 |
| 2018 | 26,782,524,260 |
| 2017 | 30,253,840,651 |
| 2016 | 17,667,005,820 |
| 2015 | 11,510,812,756 |
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in nearby economies
- Belize — US$123.94 million (2024)
- Bolivia — US$1.54 billion (2024)
- Brazil — US$41.69 billion (2024)
- Colombia — US$14.87 billion (2024)
- Dominica — US$52.26 million (2024)
- Dominican Republic — US$4.26 billion (2024)
- Ecuador — US$4.51 billion (2024)
- El Salvador
More economic policy & debt data for Argentina
- Total reserves, including gold (current US$) — US$41 billion (2025)
- Total reserves, excluding gold (current US$) — US$32.33 billion (2025)
- Final consumption expenditure (current US$) — US$580.02 billion (2025)
- Final consumption expenditure (current LCU) — 719.72 trillion (2025)
- Final consumption expenditure (constant 2015 US$) — US$522.52 billion (2025)
- Final consumption expenditure (constant LCU) — 646.27 billion (2025)
- Final consumption expenditure (% of GDP) — 84.91% (2025)
- Gross national expenditure deflator (base year varies by country) — 107,789 (2025)
- Gross national expenditure (current US$)
Reading data like this
Questions people ask
- What is Argentina's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)?
- US$14.25 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 2,915% from US$472.42 million in 1970 (6.51% a year on average, compounded). The highest value was US$30.25 billion in 2017 and the lowest US$442.76 million in 1971.
- How does Argentina rank?
- 10th highest of 120 economies with data for 2024.
- Is the latest change in debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) unusual for Argentina?
Source
World Bank, World Development Indicators, indicator DT.TDS.DPPG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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