Euro area vs Papua New Guinea: Interest payments (% of expense)
Interest payments (% of expense) over time
- Euro area
- Papua New Guinea
How they compare
Papua New Guinea currently reports 12.3% against 2.8% in Euro area, a difference of 9.5%.
That makes Papua New Guinea's figure about 4.4 times Euro area's.
The two have swapped places 2 times across 23 shared years of data; in 1990 it was Papua New Guinea ahead.
Euro area ranks 38th and Papua New Guinea ranks 41st of 41 groups.
Papua New Guinea has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Euro area | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.9% | 13.8% | 4.9% | Papua New Guinea |
| 2000s | 7.0% | 16.5% | 9.5% | Papua New Guinea |
| 2010s | 4.5% | 11.0% | 6.5% | Papua New Guinea |
| 2020s | 2.8% | 12.3% | 9.5% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Euro area or Papua New Guinea?
- Papua New Guinea, at 12.3% against 2.8% in Euro area as of 2023.
- What is the difference in interest payments between Euro area and Papua New Guinea?
- 9.5%, with Papua New Guinea ahead.
- How many years of comparable data are there for Euro area and Papua New Guinea?
- 23 years are reported by both, from 1990 to 2023.
- How do Euro area and Papua New Guinea rank globally for interest payments?
- Euro area ranks 38th and Papua New Guinea ranks 41st of 41 groups.
- 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.