Canada vs Italy: Interest payments
Canada
7.6%
in 2023
Italy
7.6%
in 2023
Canada rank
72nd
Italy rank
71st
Interest payments over time
- Canada
- Italy
How they compare
Italy currently reports 7.6% against 7.6% in Canada, a difference of 0.0%.
The two have swapped places 3 times across 34 shared years of data; in 1990 it was Canada ahead.
Canada ranks 72nd and Italy ranks 71st of 152 countries.
Across the 4 decades both report, Canada averaged higher in 2 and Italy in 2.
Head to head by decade
| Decade | Canada | Italy | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.9% | 21.0% | 1.9% | Canada |
| 2000s | 14.7% | 12.3% | 2.4% | Canada |
| 2010s | 7.4% | 9.7% | 2.2% | Italy |
| 2020s | 5.4% | 7.5% | 2.1% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Canada or Italy?
- Italy, at 7.6% against 7.6% in Canada as of 2023.
- What is the difference in interest payments between Canada and Italy?
- 0.0%, with Italy ahead.
- How many years of comparable data are there for Canada and Italy?
- 34 years are reported by both, from 1990 to 2023.
- How do Canada and Italy rank globally for interest payments?
- Canada ranks 72nd and Italy ranks 71st 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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About this data
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.