Iceland vs OECD members: Interest payments
Iceland
14.7%
in 2023
OECD members
4.6%
in 2023
Iceland rank
29th
OECD members rank
32nd
Interest payments over time
- Iceland
- OECD members
How they compare
Iceland currently reports 14.7% against 4.6% in OECD members, a difference of 10.1%.
That makes Iceland's figure about 3.2 times OECD members's.
The two have swapped places 5 times across 52 shared years of data; in 1972 it was OECD members ahead.
Iceland ranks 29th and OECD members ranks 32nd of 152 countries.
Iceland has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.9% | 4.6% | 1.3% | Iceland |
| 1980s | 9.0% | 8.9% | 0.1% | Iceland |
| 1990s | 10.7% | 9.3% | 1.4% | Iceland |
| 2000s | 14.1% | 5.7% | 8.4% | Iceland |
| 2010s | 18.9% | 4.9% | 13.9% | Iceland |
| 2020s | 12.5% | 3.5% | 9.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Iceland or OECD members?
- Iceland, at 14.7% against 4.6% in OECD members as of 2023.
- What is the difference in interest payments between Iceland and OECD members?
- 10.1%, with Iceland ahead.
- How many years of comparable data are there for Iceland and OECD members?
- 52 years are reported by both, from 1972 to 2023.
- How do Iceland and OECD members rank globally for interest payments?
- Iceland ranks 29th and OECD members ranks 32nd 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.
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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.