Latin America: general public debt as share of GDP by country 2018
Venezuela was the most indebted country in Latin America and the Caribbean in 2018, based on total government debt as percentage of gross domestic product (GDP). In that year, the volume of debt held by Venezuela's central government as well as subnational governments such as states and municipalities represented 182.4 percent of the country's GDP. The lowest general government debt to GDP ratio in the region was found in Paraguay, where the total public debt accounted for only 21.5 percent of the country's GDP.
