Latin America & Caribbean (excluding high income)'s PPG, official creditors (NFL, current US$) was US$3.7 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 67.52% from US$11.39 billion in 2014 (10.64% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$3.7 billion | 2024 |
| Five years earlier | US$45.77 million | 2019 |
| Ten years earlier | US$11.39 billion | 2014 |
| Highest | US$19.51 billion | 2010 |
| Lowest | −US$7.9 billion | 1996 |
| Average since 2015 | US$7.93 billion | 2015–2024 |
| First recorded | US$880.2 million |
What the numbers say
In 2024, Latin America & Caribbean (excluding high income)'s PPG, official creditors (NFL, current US$) fell US$9.15 billion on 2023 (from US$12.85 billion to US$3.7 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$324.19 million and a typical year strayed about US$7.48 billion from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$14.06 billion in 2020 and the biggest yearly fall was US$18.84 billion in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | PPG, official creditors (NFL, current US$) |
|---|---|
| 2024 | 3,699,503,939 |
| 2023 | 12,849,035,104 |
| 2022 | 12,180,691,425 |
| 2021 | 11,928,042,980 |
| 2020 | 14,105,468,199 |
| 2019 | 45,770,665 |
| 2018 | 5,169,555,940 |
| 2017 | 8,320,138,947 |
| 2016 | 5,020,728,720 |
| 2015 | 5,987,048,306 |
PPG, official creditors (NFL, current US$) in nearby economies
- Afghanistan — −US$27.14 million (2024)
- Algeria — −US$88.65 million (2024)
- Djibouti — US$14.7 million (2024)
- Egypt, Arab Rep. — US$89.84 million (2024)
- Iran, Islamic Rep. — −US$23.48 million (2024)
- Iraq — −US$1.56 billion (2024)
- Jordan — US$1.3 billion (2024)
- Lebanon — US$180.42 million (2024)
- Morocco — US$1.96 billion (2024)
- Pakistan — −US$1.28 billion (2024)
More economic policy & debt data for Latin America & Caribbean (excluding high income)
- General government final consumption expenditure (current US$) — 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$6,076 (2025)
Reading data like this
Questions people ask
- What is Latin America & Caribbean (excluding high income)'s PPG, official creditors (NFL, current US$)?
- US$3.7 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 320.3% from US$880.2 million in 1970 (2.69% a year on average, compounded). The highest value was US$19.51 billion in 2010 and the lowest −US$7.9 billion in 1996.
- Is the latest change in PPG, official creditors (NFL, current US$) unusual for Latin America & Caribbean (excluding high income)?
- In 2024, Latin America & Caribbean (excluding high income)'s PPG, official creditors (NFL, current US$) fell US$9.15 billion on 2023 (from US$12.85 billion to US$3.7 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$324.19 million and a typical year strayed about US$7.48 billion from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator DT.NFL.OFFT.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.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in