India vs North America: Interest payments
India
23.2%
in 2022
North America
10.3%
in 2023
India rank
9th
North America rank
11th
Interest payments over time
- India
- North America
How they compare
India currently reports 23.2% against 10.3% in North America, a difference of 12.9%.
That makes India's figure about 2.3 times North America's.
Across all 46 years both countries report, India has been ahead every year.
India ranks 9th and North America ranks 11th of 152 countries.
India has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | India | North America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 12.1% | 8.1% | 4.0% | India |
| 1980s | 17.1% | 13.9% | 3.2% | India |
| 1990s | 26.7% | 18.9% | 7.7% | India |
| 2000s | 24.8% | 12.3% | 12.5% | India |
| 2010s | 19.7% | 7.8% | 11.8% | India |
| 2020s | 23.2% | 8.4% | 14.8% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, India or North America?
- India, at 23.2% against 10.3% in North America as of 2022.
- What is the difference in interest payments between India and North America?
- 12.9%, with India ahead.
- How many years of comparable data are there for India and North America?
- 46 years are reported by both, from 1974 to 2022.
- How do India and North America rank globally for interest payments?
- India ranks 9th and North America ranks 11th 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.