Latin America & Caribbean (excluding high income)'s PPG, IBRD (DOD, current US$) was US$76.29 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 49.53% from US$51.02 billion in 2014 (4.11% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$76.29 billion | 2024 |
| Five years earlier | US$56.84 billion | 2019 |
| Ten years earlier | US$51.02 billion | 2014 |
| Highest | US$76.29 billion | 2024 |
| Lowest | US$1.62 billion | 1970 |
| Average since 2015 | US$62.45 billion | 2015–2024 |
| First recorded | US$1.62 billion |
What the numbers say
In 2024, Latin America & Caribbean (excluding high income)'s PPG, IBRD (DOD, current US$) rose 3.3% on 2023 (from US$73.86 billion to US$76.29 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +3.3% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 0.0 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 38.9% in 1986 and the biggest yearly fall was 10.2% in 2006. 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 the straight-line trend is upward, about US$2.91 billion a year. A straight line explains 93% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Public and publicly guaranteed debt outstanding from the International Bank for Reconstruction and Development (IBRD) is nonconcessional. Nonconcessional debt excludes loans with an original grant element of 35 percent or more. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | PPG, IBRD (DOD, current US$) |
|---|---|
| 2024 | 76,285,942,000 |
| 2023 | 73,857,916,000 |
| 2022 | 72,057,409,000 |
| 2021 | 66,553,172,000 |
| 2020 | 63,192,336,000 |
| 2019 | 56,836,120,000 |
| 2018 | 54,856,020,000 |
| 2017 | 53,589,409,000 |
| 2016 | 54,327,942,000 |
| 2015 | 52,928,035,000 |
| 2014 |
PPG, IBRD (DOD, current US$) in nearby economies
- Algeria — US$0 (2017)
- Egypt, Arab Rep. — US$12.19 billion (2024)
- Iran, Islamic Rep. — US$124.09 million (2024)
- Iraq — US$2.81 billion (2024)
- Jordan — US$5.23 billion (2024)
- Lebanon — US$1.12 billion (2024)
- Morocco — US$10.2 billion (2024)
- Pakistan — US$2.62 billion (2024)
- Tunisia — US$4.33 billion (2024)
More economic policy & debt data for Latin America & Caribbean (excluding high income)
- General government final consumption expenditure (current US$) — US$1.07 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$900.01 billion (2025)
- General government final consumption expenditure (% of GDP) — 16.39% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$4.55 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$3.81 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$6,076 (2025)
Reading data like this
Questions people ask
- What is Latin America & Caribbean (excluding high income)'s PPG, IBRD (DOD, current US$)?
- US$76.29 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 4,599% from US$1.62 billion in 1970 (7.39% a year on average, compounded). The highest value was US$76.29 billion in 2024 and the lowest US$1.62 billion in 1970.
- Is the latest change in PPG, IBRD (DOD, current US$) unusual for Latin America & Caribbean (excluding high income)?
- In 2024, Latin America & Caribbean (excluding high income)'s PPG, IBRD (DOD, current US$) rose 3.3% on 2023 (from US$73.86 billion to US$76.29 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +3.3% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.DOD.MIBR.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.
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