According to the BBC, Argentina has become the most indebted country in Latin America

The portal cites the latest data from the Economic Commission for Latin America and the Caribbean (ECLAC), according to which the proportion of the public debt of Argentina reached 77.4% of GDP in the middle of last year. In 2015, this percentage was 53.3%. Thus, it has overtaken countries like Brazil, Costa Rica and El Salvador.

From factors converging for the public debt of Argentina to increase its weight relative to GDP, the report stresses that Argentina had a very large budget deficit in recent years, that is, that its expenses exceeded its income, and exchange rate in continuous amortization.

"In terms of debt related to the size of the economy (debt / GDP) the weight of debt it went from 40% in 2010 (181,621 million USD) at 94.6% in 2018 (307.656 million USD), still with data up to the third quarter, "he explained. BBC World Esteban Domecq, president of Invecq Economic Consultant of Argentina.

"The sudden devaluation of the peso has resulted in a very significant reduction in GDP measured in dollars, from $ 560 000 million in 2017 to a GDP in the order of 322 billion USD in 2018, "he added.

"Given the need to accelerate the inflation rate, (the government of Mauricio Macri) opted for minimize monetary funding of the deficit, what This resulted in a strong debt process external, "he synthesized Rodrigo Álvarez, from the consulting firm Analytica.

It should be noted that in 2018, very convulsed for the Argentine economy, our country reaches the top of the most indebted countries in the region towards Brazil, historical leader of the relative weight of its public debt compared to its gross domestic product.

Mercosur's partner reaches a Debt / GDP ratio of 77.2%, although it is relevant to point out that the Brazilian debt is mainly issued in real, its national currency, Argentine debt is mainly issued in external debt, which adds a risk factor for the fulfillment of deadlines.

Behind Argentina and Brazil lies Costa Rica, with a debt representing 52.5% of its GDP. The report does not include data from Venezuela because there are no figures available.