Which has higher interest payments, Brazil or Latin America & Caribbean?

Brazil, at 24.1% against 12.6% in Latin America & Caribbean as of 2023.

How many years of comparable data are there for Brazil and Latin America & Caribbean?

14 years are reported by both, from 2010 to 2023.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Interest payments (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Brazil vs Latin America & Caribbean: Interest payments

Brazil

24.1%

in 2023

Latin America & Caribbean

12.6%

in 2023

Brazil rank

7th

Latin America & Caribbean rank

4th

Interest payments over time

Brazil
Latin America & Caribbean

How they compare

Brazil currently reports 24.1% against 12.6% in Latin America & Caribbean, a difference of 11.5%.

That makes Brazil's figure about 1.9 times Latin America & Caribbean's.

Across all 14 years both countries report, Brazil has been ahead every year.

Brazil ranks 7th and Latin America & Caribbean ranks 4th of 152 countries.

Brazil has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Brazil	Latin America & Caribbean	Difference	Ahead
2010s	26.5%	9.2%	17.3%	Brazil
2020s	21.9%	11.0%	10.9%	Brazil

Averages of every year both report within each decade.

Frequently asked questions

Which has higher interest payments, Brazil or Latin America & Caribbean?: Brazil, at 24.1% against 12.6% in Latin America & Caribbean as of 2023.
What is the difference in interest payments between Brazil and Latin America & Caribbean?: 11.5%, with Brazil ahead.
How many years of comparable data are there for Brazil and Latin America & Caribbean?: 14 years are reported by both, from 2010 to 2023.
How do Brazil and Latin America & Caribbean rank globally for interest payments?: Brazil ranks 7th and Latin America & Caribbean ranks 4th of 152 countries.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Interest payments (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Brazil vs Latin America & Caribbean: Interest payments. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 11 September 2026, from https://public-sector.statizoid.com/compare/interest-payments-percent-of-expense/brazil/latin-america-and-caribbean/

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About this data

Indicator: Interest payments (% of expense)
Unit: % of expense
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 193 places, 5,277 data points, 1972–2024
Last refreshed: 03 September 2026

Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.