Canada vs United Kingdom of Great Britain and Northern Ireland: Interest payments
Interest payments over time
- Canada
- United Kingdom of Great Britain and Northern Ireland
How they compare
United Kingdom of Great Britain and Northern Ireland 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 of Great Britain and Northern Ireland ranks 69th of 152 countries.
Across the 4 decades both report, Canada averaged higher in 3 and United Kingdom of Great Britain and Northern Ireland in 1.
Head to head by decade
| Decade | Canada | United Kingdom of Great Britain and Northern Ireland | 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 of Great Britain and Northern Ireland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Canada or United Kingdom of Great Britain and Northern Ireland?
- United Kingdom of Great Britain and Northern Ireland, at 7.8% against 7.6% in Canada as of 2023.
- What is the difference in interest payments between Canada and United Kingdom of Great Britain and Northern Ireland?
- 0.2%, with United Kingdom of Great Britain and Northern Ireland ahead.
- How many years of comparable data are there for Canada and United Kingdom of Great Britain and Northern Ireland?
- 34 years are reported by both, from 1990 to 2023.
- How do Canada and United Kingdom of Great Britain and Northern Ireland rank globally for interest payments?
- Canada ranks 72nd and United Kingdom of Great Britain and Northern Ireland 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.
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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.