Finland vs Latvia: Interest payments
Finland
2.9%
in 2024
Latvia
2.7%
in 2024
Finland rank
117th
Latvia rank
120th
Interest payments over time
- Finland
- Latvia
How they compare
Finland currently reports 2.9% against 2.7% in Latvia, a difference of 0.2%.
That makes Finland's figure about 1.1 times Latvia's.
The two have swapped places 4 times across 31 shared years of data; in 1994 it was Finland ahead.
Finland ranks 117th and Latvia ranks 120th of 155 countries.
Across the 4 decades both report, Finland averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Finland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.4% | 2.8% | 6.6% | Finland |
| 2000s | 4.4% | 2.6% | 1.9% | Finland |
| 2010s | 3.1% | 4.1% | 1.1% | Latvia |
| 2020s | 1.8% | 1.9% | 0.1% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Finland or Latvia?
- Finland, at 2.9% against 2.7% in Latvia as of 2024.
- What is the difference in interest payments between Finland and Latvia?
- 0.2%, with Finland ahead.
- How many years of comparable data are there for Finland and Latvia?
- 31 years are reported by both, from 1994 to 2024.
- How do Finland and Latvia rank globally for interest payments?
- Finland ranks 117th and Latvia ranks 120th of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Interest payments (% of revenue). 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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.