Latvia vs Tonga: Interest payments
Latvia
1.9%
in 2023
Tonga
1.7%
in 2023
Latvia rank
128th
Tonga rank
129th
Interest payments over time
- Latvia
- Tonga
How they compare
Latvia currently reports 1.9% against 1.7% in Tonga, a difference of 0.2%.
That makes Latvia's figure about 1.1 times Tonga's.
The two have swapped places 2 times across 11 shared years of data; in 2013 it was Latvia ahead.
Latvia ranks 128th and Tonga ranks 129th of 152 countries.
Latvia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latvia | Tonga | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.5% | 2.7% | 0.8% | Latvia |
| 2020s | 1.6% | 1.5% | 0.0% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Latvia or Tonga?
- Latvia, at 1.9% against 1.7% in Tonga as of 2023.
- What is the difference in interest payments between Latvia and Tonga?
- 0.2%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Tonga?
- 11 years are reported by both, from 2013 to 2023.
- How do Latvia and Tonga rank globally for interest payments?
- Latvia ranks 128th and Tonga ranks 129th 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.