India vs Lower middle income: Interest payments
India
23.2%
in 2022
Lower middle income
10.2%
in 2021
India rank
9th
Lower middle income rank
12th
Interest payments over time
- India
- Lower middle income
How they compare
India currently reports 23.2% against 10.2% in Lower middle income, a difference of 13.0%.
That makes India's figure about 2.3 times Lower middle income's.
Across all 11 years both countries report, India has been ahead every year.
India ranks 9th and Lower middle income ranks 12th of 152 countries.
India has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | India | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 22.5% | 8.5% | 14.0% | India |
| 2010s | 19.7% | 7.5% | 12.2% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, India or Lower middle income?
- India, at 23.2% against 10.2% in Lower middle income as of 2022.
- What is the difference in interest payments between India and Lower middle income?
- 13.0%, with India ahead.
- How many years of comparable data are there for India and Lower middle income?
- 11 years are reported by both, from 2004 to 2018.
- How do India and Lower middle income rank globally for interest payments?
- India ranks 9th and Lower middle income ranks 12th 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.