Government debt as percent of GDP in South America:
The average for 2018 based on 10 countries was 52.56 percent.The highest value was in Argentina: 86 percent and the lowest value was in Paraguay: 19.68 percent. The indicator is available from 1960 to 2019. Below is a chart for all countries where data are available.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.