Ghana vs Latin America & Caribbean (excluding high income): Interest payments
Interest payments over time
- Ghana
- Latin America & Caribbean (excluding high income)
How they compare
Ghana currently reports 32.8% against 13.2% in Latin America & Caribbean (excluding high income), a difference of 19.6%.
That makes Ghana's figure about 2.5 times Latin America & Caribbean (excluding high income)'s.
Across all 20 years both countries report, Ghana has been ahead every year.
Ghana ranks 2nd and Latin America & Caribbean (excluding high income) ranks 3rd of 152 countries.
Ghana has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Ghana | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 15.7% | 10.8% | 4.9% | Ghana |
| 2010s | 23.1% | 10.3% | 12.8% | Ghana |
| 2020s | 32.2% | 10.5% | 21.7% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Ghana or Latin America & Caribbean (excluding high income)?
- Ghana, at 32.8% against 13.2% in Latin America & Caribbean (excluding high income) as of 2022.
- What is the difference in interest payments between Ghana and Latin America & Caribbean (excluding high income)?
- 19.6%, with Ghana ahead.
- How many years of comparable data are there for Ghana and Latin America & Caribbean (excluding high income)?
- 20 years are reported by both, from 2003 to 2022.
- How do Ghana and Latin America & Caribbean (excluding high income) rank globally for interest payments?
- Ghana ranks 2nd and Latin America & Caribbean (excluding high income) ranks 3rd 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.