Below is a depiction of government debt levels for the seven largest economies in Latin America.
Government debt accounted for approximately 46% of GDP across Latin America in 2011.
As of 2011, European Union countries an average between 60% for the EU 15, and 74% for all European Union countries.
(The EU15 comprised the following 15 countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, United Kingdom.)
Even those averages are less than the current debt levels in the United States, which are 90% of GDP.
In terms of government debt levels as a percentage of GDP, Latin America is only slightly above global averages, and far below the US and Europe.
Explore the charts below:
*Data from World Economic Forum Last updated: Nov 21, 2011