Mexico vs Upper middle income: Interest payments
Mexico
15.8%
in 2023
Upper middle income
8.8%
in 2023
Mexico rank
24th
Upper middle income rank
23rd
Interest payments over time
- Mexico
- Upper middle income
How they compare
Mexico currently reports 15.8% against 8.8% in Upper middle income, a difference of 7.0%.
That makes Mexico's figure about 1.8 times Upper middle income's.
Across all 19 years both countries report, Mexico has been ahead every year.
Mexico ranks 24th and Upper middle income ranks 23rd of 152 countries.
Mexico has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Mexico | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 15.6% | 13.0% | 2.6% | Mexico |
| 2000s | 12.4% | 9.7% | 2.7% | Mexico |
| 2010s | 11.3% | 7.7% | 3.6% | Mexico |
| 2020s | 14.5% | 8.2% | 6.3% | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Mexico or Upper middle income?
- Mexico, at 15.8% against 8.8% in Upper middle income as of 2023.
- What is the difference in interest payments between Mexico and Upper middle income?
- 7.0%, with Mexico ahead.
- How many years of comparable data are there for Mexico and Upper middle income?
- 19 years are reported by both, from 1997 to 2023.
- How do Mexico and Upper middle income rank globally for interest payments?
- Mexico ranks 24th and Upper middle income ranks 23rd 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.