It was estimated that the external debt service in Latin American and Caribbean countries would amount to more than 683.56 billion U.S. dollars by 2025. As of 2023, the debt service was around 642 billion U.S. dollars.

The gross public debt of Peru grew constantly during the period under consideration. According to the source, the gross public debt of the Latin American country peaked at around 84.72 billion U.S. dollars in the fourth quarter of 2023.

In 2023, the public debt that Colombia's government owed to foreign creditors equaled 30.9 percent of the country's GDP, down from 32.2 percent at the end of 2021. Overall, since 2012 the volume of external debt in relation to GDP experienced an upward trend, peaking in 2020.

This database compiles currrent standardized statistics on sovereign debt issuances for the Latin American and Caribbean (LAC) region and contains biannual data starting in 2006 through December 2023. Sovereign debt data is classified by legislation, creditor, currency, and maturity, among other areas, for 26 LAC countries. The availability of valid, comparable, and standardized public debt data is essential for the implementation of sound policies. As such, at the core of the LAC Debt Group initiative is the development of a standardized sovereign debt database to help debt managers, policymakers, and other actors of financial markets analyze the evolution and composition of public debt in the region and conduct cross-country comparisons. The data are provided by LAC public debt offices in response to a questionnaire specifically designed to allow comparability of data. The questionnaire, whose response is non-compulsory, is intended to compile current standardized statistics for objective and homogeneous definitions of public debt.

In 2023, the interest paid due to external debt services by Latin American and Caribbean countries was estimated to represent 1.49 percent of the region's total gross domestic product (GDP), the lowest share since 2017.

The Emerging Markets Bond Index (EMBI), commonly known as "riesgo país" in Spanish speaking countries, is a weighted financial benchmark that measures the interest rates paid each day by a selected portfolio of government bonds from emerging countries. It is measured in base points, which reflect the difference between the return rates paid by emerging countries' government bonds and those offered by U.S. Treasury bills. This difference is defined as "spread". Which Latin American country has the highest risk bonds? As of September 19, 2024, Venezuela was the Latin American country with the greatest financial risk and highest expected returns of government bonds, with an EMBI spread of around 254 percent. This means that the annual interest rates paid by Venezuela's sovereign debt titles were estimated to be exponentially higher than those offered by the U.S. Treasury. On the other hand, Brazil's EMBI reached 207 index points at the end of August 2023. In 2023, Venezuela also had the highest average EMBI in Latin America, exceeding 40,000 base points. The impact of COVID-19 on emerging market bonds The economic crisis spawned by the coronavirus pandemic heavily affected the financial market's estimated risks of emerging governmental bonds. For instance, as of June 30, 2020, Argentina's EMBI spread had increased more than four percentage points in comparison to January 30, 2020. All the Latin American economies measured saw a significant increase of the EMBI spread in the first half of the year.

Of the developing regions in the world, countries in Asia and Oceania as well as Latin America and the Caribbean recorded the highest public debt rate levels in 2023 at over 70 percent of the gross domestic product. High debt levels and borrowing costs are a significant problem for countries already struggling with poor government finances. For instance, borrowing costs in Africa are almost four times higher than in the U.S.

Key information about South Africa National Government Debt

• South Africa National Government Debt reached 300.2 USD bn in Dec 2024, compared with 311.3 USD bn in the previous month.
• South Africa National Government Debt data is updated monthly, available from Jan 1960 to Dec 2024.
• The data reached an all-time high of 315.7 USD bn in Sep 2024 and a record low of 3.4 USD bn in Feb 1960.

CEIC converts monthly Government Debt into USD. South African Reserve Bank provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about South Africa National Government Debt

• In the latest reports, South Africa Consolidated Fiscal Balance recorded a deficit equal to 4.5 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 75.1 % of its Nominal GDP in Sep 2024.
• South Africa Nominal GDP reached 95.9 USD bn in Mar 2023.

Debt Underwriting Services Market Outlook

The global debt underwriting services market size was valued at approximately USD 15.4 billion in 2023 and is projected to reach USD 26.7 billion by 2032, growing at a CAGR of 6.4% from 2024 to 2032. This growth is driven by several factors, including the increasing demand for capital in various sectors, the growth of infrastructure projects, and favorable regulatory frameworks that support debt issuance and underwriting activities.

One of the primary growth factors for the debt underwriting services market is the ever-increasing demand for capital across multiple sectors. As industries expand and new businesses emerge, there is a consistent need for substantial capital to fund operations, expansions, and technological advancements. Debt underwriting offers a viable solution for organizations to secure necessary funding through the issuance of bonds and other debt instruments. The growing complexity of financial markets and the introduction of innovative financial products further necessitate the expertise of debt underwriting services to navigate these landscapes effectively.

Additionally, the development and execution of large-scale infrastructure projects are propelling the demand for debt underwriting services. Governments and private entities are investing heavily in infrastructure to boost economic growth and improve public services. This trend is particularly evident in developing regions where there is a pressing need to modernize transportation networks, utilities, and social infrastructure. Debt underwriting services are crucial for the successful financing of these projects, providing the necessary capital while mitigating financial risks for both issuers and investors.

Regulatory frameworks worldwide have also become more conducive to debt issuance, further enhancing the market's growth prospects. Governments and financial regulators have implemented policies that encourage investment and facilitate smoother debt issuance processes. These policies often aim to increase market liquidity, protect investor interests, and ensure transparency in financial transactions. Such favorable regulatory environments are crucial for the growth and stability of the debt underwriting services market, making it easier for institutions to issue debt and for investors to participate in these markets.

The regional outlook for the debt underwriting services market indicates robust growth across all major regions. North America remains a significant player in the market, driven by its well-established financial markets and high levels of corporate and government debt issuance. Europe also shows strong potential, particularly with the ongoing economic integration and infrastructure development within the European Union. The Asia-Pacific region is expected to witness the highest growth rate due to rapid industrialization, urbanization, and increasing government initiatives to develop infrastructure. Latin America and the Middle East & Africa are also experiencing growth, albeit at a slower pace, due to improving economic conditions and increasing investment in infrastructure projects.

Service Type Analysis

The debt underwriting services market is segmented by service type into corporate debt underwriting, municipal debt underwriting, sovereign debt underwriting, and other types of underwriting services. Corporate debt underwriting represents a significant portion of the market, driven by the need for businesses to raise capital through the issuance of corporate bonds. Companies across various industries rely on corporate debt underwriting services to secure funding for expansion, operational needs, and debt refinancing. The expertise provided by underwriters helps companies navigate the complexities of financial markets, ensuring successful bond issuance and favorable terms.

Municipal debt underwriting is another critical segment, focusing on the issuance of bonds by local governments and municipalities. These bonds are often used to finance public projects such as schools, hospitals, and infrastructure. Given the essential nature of these projects, the demand for municipal debt underwriting services remains strong. These services ensure that municipalities can raise the necessary capital while adhering to regulatory requirements and maintaining investor confidence. The increasing need for public infrastructure improvements continues to drive growth in this segment.

Sovereign debt underwriting involves the issuance of bonds by national governments. This segment is crucial for countries

Debt Management Services Market Outlook

The global debt management services market size was valued at USD 10.5 billion in 2023 and is projected to reach USD 24.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.6% during the forecast period. The escalating consumer debt levels and the need for efficient debt handling are significant growth factors driving this market. With rising personal and corporate debt incidences globally, the demand for professional debt management services is poised to see substantial growth in the upcoming years.

A primary growth factor in the debt management services market is the increasing consumer debt, particularly in developed nations like the United States and several European countries. Over the past few years, there has been a notable surge in credit card debts, student loans, and mortgages. This trend has compelled individuals to seek professional intervention for managing and consolidating their debt burdens. Moreover, the aftermath of economic downturns and the COVID-19 pandemic has exacerbated financial instability, making debt management services crucial for many. As economies recover, the necessity for structured and effective debt relief mechanisms is anticipated to further fuel market growth.

Another significant driver is the rising awareness about the benefits of debt management services among individuals and businesses. Awareness campaigns and financial literacy programs by governments and financial institutions play a pivotal role in educating the masses about prudent debt management. These services not only help in debt reduction but also in managing credit scores, avoiding bankruptcy, and creating feasible repayment plans. This growing awareness is likely to sustain the demand for debt management services across different customer segments.

In the realm of debt management, understanding the intricacies of Credit Scores, Credit Reports & Credit Check Services is paramount. These components play a crucial role in determining an individual's financial health and borrowing capacity. Credit scores, which are numerical representations of a person's creditworthiness, influence the terms and conditions of loans and credit facilities. Regular monitoring of credit reports helps in identifying discrepancies and taking corrective measures to maintain a healthy credit profile. Credit check services, offered by various financial institutions, provide insights into an individual's credit history, enabling better financial planning and management. As individuals become more aware of these services, they are better equipped to manage their debts and improve their financial standing.

The advent of digitalization and technological advancements has also had a favorable impact on the debt management services market. The integration of AI and machine learning into debt management tools has revolutionized the way these services are delivered. Automated systems for monitoring and managing debts, personalized debt reduction plans, and online debt advisory services have made it easier for consumers to access and utilize these services. Additionally, mobile applications for debt tracking and management have gained immense popularity, particularly among younger demographics, thereby driving the market growth.

Regionally, North America dominates the debt management services market, owing to high consumer indebtedness and a well-established financial advisory sector. However, emerging economies in the Asia Pacific and Latin America regions are witnessing rapid growth in this market. The increasing middle-class population, rising disposable incomes, and growing awareness about financial literacy are key growth catalysts in these regions. Furthermore, government initiatives to promote financial stability and manage public debt are expected to bolster the market in these regions.

Service Type Analysis

The debt management services market is segmented by service type into debt consolidation, debt settlement, credit counseling, and bankruptcy services. Debt consolidation services involve combining multiple debts into a single, more manageable payment plan. This service is particularly appealing to individuals with multiple high-interest loans, as it simplifies the debt repayment process and can reduce the overall interest paid. The growing complexity of personal finance and the proliferation of credit products have made debt consolidation a highly sought-after servic

Debt Recovery Solution Market Outlook

In 2023, the global market size for Debt Recovery Solutions was estimated at approximately $3.5 billion, with a projected CAGR of 8.5% from 2024 to 2032, reaching an anticipated market size of around $7.6 billion by 2032. The growth of this market is primarily driven by the increasing number of defaulters, stringent government regulations, and the rising need for efficient debt management among various sectors.

The growing complexities in managing and recovering bad debts have significantly contributed to the expansion of the Debt Recovery Solution market. Organizations across various sectors increasingly realize the importance of implementing robust debt recovery strategies to maintain financial health and ensure liquidity. The integration of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in debt recovery solutions is another major growth driver. These technologies can predict defaulter behavior, optimize recovery processes, and make the systems more efficient and less prone to human error, thereby enhancing overall recovery rates.

Additionally, the rise in digital transactions and the proliferation of online lending platforms have amplified the need for efficient debt recovery solutions. With the increase in digital borrowing and lending, the volume of debt has surged, necessitating sophisticated tools and software to manage and recover these debts effectively. Furthermore, the growing trend of outsourcing debt recovery to specialized service providers is providing impetus to the market, as these vendors offer advanced solutions that combine technology and expertise to deliver superior debt recovery outcomes.

Moreover, stringent regulatory requirements across different regions compel organizations to adopt effective debt recovery solutions. Regulatory bodies mandate compliance with certain standards and practices in debt recovery to protect consumer rights and ensure ethical recovery practices. Consequently, organizations are investing in advanced debt recovery solutions that not only aid in compliance but also enhance their recovery processes. This regulatory push is a significant factor propelling the market growth, as businesses seek to avoid hefty penalties and reputational damage associated with non-compliance.

Debt Recovery Service providers play a pivotal role in the evolving landscape of the debt recovery market. These services are increasingly being outsourced by organizations seeking specialized expertise and advanced technological solutions to manage their debt portfolios effectively. Debt Recovery Services offer a comprehensive approach that combines cutting-edge software with professional expertise, ensuring that organizations can maximize their recovery rates while maintaining compliance with regulatory standards. By leveraging the capabilities of these service providers, businesses can focus on their core operations while entrusting their debt recovery processes to experts who utilize the latest technologies and industry best practices.

Regionally, North America dominates the Debt Recovery Solution market, driven by the high adoption rate of advanced technologies and the presence of major market players. Europe follows closely, with significant contributions from countries like Germany and the UK. The Asia Pacific region is anticipated to witness the fastest growth during the forecast period, fueled by the rapid digitalization and increasing financial inclusion in countries like China and India. The Middle East & Africa and Latin America are also expected to show considerable growth, supported by improving economic conditions and increasing awareness about debt management solutions.

Component Analysis

The Debt Recovery Solution market by component is segmented into software and services. The software segment holds a substantial share of the market, driven by the increasing need for automation and efficiency in debt recovery processes. Advanced debt recovery software solutions are equipped with features like predictive analytics, automated communication, and real-time tracking, which significantly enhance the efficiency and effectiveness of debt recovery efforts. Furthermore, the integration of AI and ML in these software solutions is further boosting their adoption, as they offer superior capabilities in predicting defaulter behavior and optimizing recovery strategies.

Within the services segment, professiona

In December 2022, the amount of debt held by Colombia's nonfinancial public sector to creditors based in the country represented 37.3 percent of gross domestic product (GDP), down from 40.2 at the end of 2021. The lowest level was registered in 2012, year in which it stood at 26.4 percent.

In 2023, the public debt that Costa Rica's central government owed to foreign creditors equaled 16 percent of the country's GDP. The volume of external debt in relation to GDP has been increasing since 2011, the year in which it reached its lowest point in the indicated period at 4.8 percent. Based on the total central government debt, Costa Rica is one of the less indebted countries in Latin America.

This statistic shows the national debt of Brazil from 2020 to 2023 in relation to the gross domestic product (GDP), with projections up until 2030. The figures refer to the whole country and include the debts of the state, the communities, the municipalities and the social insurances. In 2023, the national debt of Brazil amounted to approximately 84 percent of the GDP. Brazil's economy Brazil has one of the largest economies in the world by gross domestic product ) and Purchasing Power Parity. In 2014, the Brazil's gross domestic product amounted to around 2.24 trillion U.S. dollars. However, it is estimated that by 2030, Brazil will have the fourth highest gross domestic product in the world. In 2014, the United States reported the largest gross domestic product worldwide. However, the estimated national debt of the United States in 2014 was over 105 percent of the gross domestic product, while the estimated national debt of Brazil was approximately 66 percent the same year. Even though the national debt of Brazil has slightly decreased over the last decade, it still remains relatively high. A country's national debt refers to the whole country and includes the debts of the state, the communities, the municipalities and the social insurances. In Brazil, the high national debt is also due to country's trade deficit. In 2013, Brazil’s trade deficit amounted to an estimated 3.3 percent of the GDP, adding up to approximately 8.3 billion U.S. dollars in total.

This statistic shows the government revenue and spending in Spain from 2020 to 2023, with projections up until 2030. In 2023, government revenue in Spain amounted to around 628.28 billion euros, while government spending came to around 680.95 billion euros. The Spanish economy The Spanish economy not only ranked as one of the largest economies in Europe, but also in the world. Due to foreign investments in Latin America, high-caliber infrastructure and an increasing volume of exports, Spain’s economy remained at a relatively high standard up to present day. However, the Spanish economy has also experienced its ups and downs, particularly during the late 2000s and early 2010s. The global financial crisis of 2008 was the first step towards the slow collapse of the Spanish economy, which was then followed by the Eurozone crisis, which initially began in 2009. During these years, government spending dramatically exceeded government revenues and as a result, Spain was forced to absorb regularly increasing debt in order to sustain and preserve the state of the government. Unemployment was always a weakness within the Spanish economy, having never really reached economically appropriate standards for a country of its stature. Prior to the economic crisis, Spain’s unemployment rate remained relatively stable, however saw a sudden but dramatic rise during the following years and currently has the highest unemployment rate in the European Union, only surpassed by Greece, whose economy is arguably in the worst condition in all of Europe.

The national debt in South Korea was forecast to continuously increase between 2024 and 2030 by in total ****** billion U.S. dollars (+***** percent). After the tenth consecutive increasing year, the national debt is estimated to reach **** trillion U.S. dollars and therefore a new peak in 2030. Notably, the national debt was continuously increasing over the past years.The indicator describes the general government gross debt which consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.Find more key insights for the national debt in countries like Japan, China, and Hong Kong SAR China.

From 2017 to 2021, the share of households living under the poverty line in Venezuela has been surpassing 90 percent. In addition, more than six out of every ten households (67.97 percent) lived in extreme poverty in 2021. The overall household poverty rate in Venezuela has registered a steady growth from 2014 to 2019, after having remained relatively stable, below 40 percent, since 2005. Although poverty is widespread among the population as a whole, some groups are more vulnerable than others. That is the case of younger generations and particularly children: 98.03 percent of Venezuelans aged 15 or younger lived in poverty in 2021. An economy in disarray Venezuela, the country with the largest oil reserves in the world and whose economy has been largely dependent on oil revenues for decades, was once one of the most prosperous countries in Latin America. Today, hyperinflation and an astronomic public debt are only some of the many pressing concerns that affect the domestic economy. The socio-economic consequences of the crisis As a result of the economic recession, more than half of the population in every state in Venezuela lives in extreme poverty. This issue is particularly noteworthy in the states of Amazonas, Monagas, and Falcón, where the extreme poverty rate hovers over 80 percent. Such alarming levels of poverty, together with persistent food shortages, provoked a rapid increase in undernourishment, which was estimated at 17.9 percent between 2020 and 2022. The combination of humanitarian crisis, political turmoil and economic havoc led to the Venezuelan refugee and migrant crisis. As of 2020, more than five million Venezuelans had fled their home country, with neighboring Colombia being the main country of destination.