Mexico managed to slightly reduce public debt from 2020 to 2021; Despite this improvement, the national gross public debt remains at its highest levels recorded in the last 20 years.
This same trend has been followed in Latin America, with countries having high levels of public debt as a percentage of their GDP.
And in fact, Mexico was among the five countries with the lowest level of debt: 40.8% of GDP, according to figures from ECLAC (Economic Commission for Latin America and the Caribbean).
Brazil is the country with the highest level of debt with 80.3% of its GDP.
