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
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Economic Commission for Latin America and the Caribbean. (September 18, 2023). External debt as percentage of gross domestic product in Latin America in 2022, by country [Graph]. In Statista. Retrieved October 10, 2024, from https://www.statista.com/statistics/1054862/latin-america-external-debt-gdp-share-country/
Economic Commission for Latin America and the Caribbean. "External debt as percentage of gross domestic product in Latin America in 2022, by country." Chart. September 18, 2023. Statista. Accessed October 10, 2024. https://www.statista.com/statistics/1054862/latin-america-external-debt-gdp-share-country/
Economic Commission for Latin America and the Caribbean. (2023). External debt as percentage of gross domestic product in Latin America in 2022, by country. Statista. Statista Inc.. Accessed: October 10, 2024. https://www.statista.com/statistics/1054862/latin-america-external-debt-gdp-share-country/
Economic Commission for Latin America and the Caribbean. "External Debt as Percentage of Gross Domestic Product in Latin America in 2022, by Country." Statista, Statista Inc., 18 Sep 2023, https://www.statista.com/statistics/1054862/latin-america-external-debt-gdp-share-country/
Economic Commission for Latin America and the Caribbean, External debt as percentage of gross domestic product in Latin America in 2022, by country Statista, https://www.statista.com/statistics/1054862/latin-america-external-debt-gdp-share-country/ (last visited October 10, 2024)
External debt as percentage of gross domestic product in Latin America in 2022, by country [Graph], Economic Commission for Latin America and the Caribbean, September 18, 2023. [Online]. Available: https://www.statista.com/statistics/1054862/latin-america-external-debt-gdp-share-country/