Latin America: general public debt as share of GDP by country 2021
Venezuela was the most indebted country in Latin America and the Caribbean based on total government debt as percentage of gross domestic product (GDP). In 2020, the volume of debt held by Venezuela's central government as well as subnational governments such as states and municipalities represented 304 percent of the country's GDP. The lowest general government debt to GDP ratio in the region was found in Guatemala, where the total public debt accounted for only 33 percent of the country's GDP as of 2021.
