Net lending (+) / net borrowing (-) in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Net lending (+) / net borrowing (-) was -4.8% in 2024. ▼ Falling
Net lending (+) / net borrowing (-) in Latin America & Caribbean (excluding high income), 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, net lending (+) / net borrowing (-) in Latin America & Caribbean (excluding high income) stood at -4.8%.
That represents a change of up 6.6% on the previous year and down 10.7% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Latin America & Caribbean (excluding high income) peaked at -1.9% in 2012 and was at its lowest, -8.9%, in 2020.
That places Latin America & Caribbean (excluding high income) 21st out of 26 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Net lending (+) / net borrowing (-) in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | -2.9% | — |
| 2011 | -2.6% | -12.0% |
| 2012 | -1.9% | -26.3% |
| 2013 | -3.0% | +60.8% |
| 2014 | -4.3% | +42.6% |
| 2015 | -5.1% | +17.6% |
| 2016 | -4.7% | -7.9% |
| 2017 | -4.8% | +1.7% |
| 2018 | -4.6% | -3.7% |
| 2019 | -3.8% | -17.8% |
| 2020 | -8.9% | +135.6% |
| 2021 | -4.2% | -52.3% |
| 2022 | -4.3% | +1.2% |
| 2023 | -5.1% | +19.6% |
| 2024 | -4.8% | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -3.8% | -5.1% | -1.9% | 10 |
| 2020s | -5.5% | -8.9% | -4.2% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is net lending (+) / net borrowing (-) in Latin America & Caribbean (excluding high income)?
- Net lending (+) / net borrowing (-) in Latin America & Caribbean (excluding high income) was -4.8% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was -1.9% in 2012.
- What is the lowest net lending (+) / net borrowing (-) recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was -8.9% in 2020.
- How does Latin America & Caribbean (excluding high income) rank for net lending (+) / net borrowing (-)?
- Latin America & Caribbean (excluding high income) ranks 21st out of 26 groups with data for 2024.
- Is net lending (+) / net borrowing (-) rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 10.7%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.