Monday, March 16, 2015

Brazil, the most indebted Latin America

Dilma Rousseff - President of  Brazil

Brazil has the highest public debt in Latin America with 63.5% of GDP in 2014, although in terms of net debt amount is much lower, on the order of 37%, according to a report Economic Commission for Latin America and the Caribbean (ECLAC)

Other countries in South America (Uruguay, Colombia and Argentina) and some of Central America (El Salvador, Costa Rica, Honduras, Dominican Republic and Panama) and Mexico, have moderate debt levels (between 36% and 44% of GDP). 

At the other end, with less than 22% of GDP levels are Chile, Peru and Paraguay. 

According to ECLAC, Latin America and the Caribbean have made a notable reduction of public debt in the last 25 years, from just over 70% of GDP in the 90 to 16% by 2014. (Bloomberg)

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