Iceland vs World: Interest payments
Iceland
14.7%
in 2023
World
5.8%
in 2022
Iceland rank
29th
World rank
30th
Interest payments over time
- Iceland
- World
How they compare
Iceland currently reports 14.7% against 5.8% in World, a difference of 8.9%.
That makes Iceland's figure about 2.6 times World's.
The two have swapped places 1 time across 21 shared years of data; in 2002 it was World ahead.
Iceland ranks 29th and World ranks 30th of 152 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | World | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 15.3% | 6.5% | 8.8% | Iceland |
| 2010s | 18.9% | 6.0% | 12.9% | Iceland |
| 2020s | 11.8% | 5.8% | 6.0% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Iceland or World?
- Iceland, at 14.7% against 5.8% in World as of 2023.
- What is the difference in interest payments between Iceland and World?
- 8.9%, with Iceland ahead.
- How many years of comparable data are there for Iceland and World?
- 21 years are reported by both, from 2002 to 2022.
- How do Iceland and World rank globally for interest payments?
- Iceland ranks 29th and World ranks 30th 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.