Europe & Central Asia (IDA & IBRD countries) vs Iceland: Interest payments

Europe & Central Asia (IDA & IBRD countries)
5.2%
in 2023
Iceland
14.7%
in 2023
Europe & Central Asia (IDA & IBRD countries) rank
31st
Iceland rank
29th

Interest payments over time

  • Europe & Central Asia (IDA & IBRD countries)
  • Iceland
0102030197219972023

How they compare

Iceland currently reports 14.7% against 5.2% in Europe & Central Asia (IDA & IBRD countries), a difference of 9.5%.

That makes Iceland's figure about 2.8 times Europe & Central Asia (IDA & IBRD countries)'s.

The two have swapped places 1 time across 23 shared years of data; in 1998 it was Europe & Central Asia (IDA & IBRD countries) ahead.

Europe & Central Asia (IDA & IBRD countries) ranks 31st and Iceland ranks 29th of 41 groups.

Across the 4 decades both report, Europe & Central Asia (IDA & IBRD countries) averaged higher in 1 and Iceland in 3.

Head to head by decade

Decade Europe & Central Asia (IDA & IBRD countries) Iceland Difference Ahead
1990s 10.6% 10.5% 0.1% Europe & Central Asia (IDA & IBRD countries)
2000s 3.6% 16.4% 12.8% Iceland
2010s 3.7% 18.9% 15.2% Iceland
2020s 4.3% 12.5% 8.3% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher interest payments, Europe & Central Asia (IDA & IBRD countries) or Iceland?
Iceland, at 14.7% against 5.2% in Europe & Central Asia (IDA & IBRD countries) as of 2023.
What is the difference in interest payments between Europe & Central Asia (IDA & IBRD countries) and Iceland?
9.5%, with Iceland ahead.
How many years of comparable data are there for Europe & Central Asia (IDA & IBRD countries) and Iceland?
23 years are reported by both, from 1998 to 2023.
How do Europe & Central Asia (IDA & IBRD countries) and Iceland rank globally for interest payments?
Europe & Central Asia (IDA & IBRD countries) ranks 31st and Iceland ranks 29th 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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Europe & Central Asia (IDA & IBRD countries) vs Iceland: Interest payments. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 13 September 2026, from https://public-sector.statizoid.com/compare/interest-payments-percent-of-expense/europe-and-central-asia-ida-and-ibrd-countries/iceland/

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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

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.