European Union vs Papua New Guinea: Interest payments (% of expense)
Interest payments (% of expense) over time
- European Union
- Papua New Guinea
How they compare
Papua New Guinea currently reports 12.3% against 2.8% in European Union, a difference of 9.5%.
That makes Papua New Guinea's figure about 4.4 times European Union's.
The two have swapped places 2 times across 23 shared years of data; in 1990 it was Papua New Guinea ahead.
European Union 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 | European Union | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.1% | 13.8% | 4.7% | Papua New Guinea |
| 2000s | 7.2% | 16.5% | 9.3% | Papua New Guinea |
| 2010s | 4.2% | 11.0% | 6.8% | Papua New Guinea |
| 2020s | 2.9% | 12.3% | 9.4% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, European Union or Papua New Guinea?
- Papua New Guinea, at 12.3% against 2.8% in European Union as of 2023.
- What is the difference in interest payments between European Union and Papua New Guinea?
- 9.5%, with Papua New Guinea ahead.
- How many years of comparable data are there for European Union and Papua New Guinea?
- 23 years are reported by both, from 1990 to 2023.
- How do European Union and Papua New Guinea rank globally for interest payments?
- European Union 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.
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.