Finland vs Latvia: Interest payments
Finland
2.0%
in 2023
Latvia
1.9%
in 2023
Finland rank
126th
Latvia rank
128th
Interest payments over time
- Finland
- Latvia
How they compare
Finland currently reports 2.0% against 1.9% in Latvia, a difference of 0.1%.
That makes Finland's figure about 1.1 times Latvia's.
The two have swapped places 2 times across 30 shared years of data; in 1994 it was Finland ahead.
Finland ranks 126th and Latvia ranks 128th of 152 countries.
Across the 4 decades both report, Finland averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Finland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.8% | 2.6% | 6.2% | Finland |
| 2000s | 5.0% | 2.3% | 2.7% | Finland |
| 2010s | 2.9% | 3.9% | 1.0% | Latvia |
| 2020s | 1.5% | 1.6% | 0.1% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Finland or Latvia?
- Finland, at 2.0% against 1.9% in Latvia as of 2023.
- What is the difference in interest payments between Finland and Latvia?
- 0.1%, with Finland ahead.
- How many years of comparable data are there for Finland and Latvia?
- 30 years are reported by both, from 1994 to 2023.
- How do Finland and Latvia rank globally for interest payments?
- Finland ranks 126th and Latvia ranks 128th 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.