Canada vs United Kingdom: Interest payments (% of expense)
Canada
7.6%
in 2023
United Kingdom
7.8%
in 2023
Canada rank
72nd
United Kingdom rank
69th
Interest payments (% of expense) over time
- Canada
- United Kingdom
How they compare
United Kingdom currently reports 7.8% against 7.6% in Canada, a difference of 0.2%.
The two have swapped places 1 time across 34 shared years of data; in 1990 it was Canada ahead.
Canada ranks 72nd and United Kingdom ranks 69th of 152 countries.
Across the 4 decades both report, Canada averaged higher in 3 and United Kingdom in 1.
Head to head by decade
| Decade | Canada | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.9% | 8.0% | 14.9% | Canada |
| 2000s | 14.7% | 5.6% | 9.1% | Canada |
| 2010s | 7.4% | 6.9% | 0.5% | Canada |
| 2020s | 5.4% | 7.2% | 1.8% | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Canada or United Kingdom?
- United Kingdom, at 7.8% against 7.6% in Canada as of 2023.
- What is the difference in interest payments between Canada and United Kingdom?
- 0.2%, with United Kingdom ahead.
- How many years of comparable data are there for Canada and United Kingdom?
- 34 years are reported by both, from 1990 to 2023.
- How do Canada and United Kingdom rank globally for interest payments?
- Canada ranks 72nd and United Kingdom ranks 69th 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.
Individual pages
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.