Iceland vs World: Interest payments
Iceland
14.9%
in 2023
World
6.9%
in 2023
Iceland rank
29th
World rank
28th
Interest payments over time
- Iceland
- World
How they compare
Iceland currently reports 14.9% against 6.9% in World, a difference of 8.0%.
That makes Iceland's figure about 2.2 times World's.
The two have swapped places 1 time across 24 shared years of data; in 1998 it was World ahead.
Iceland ranks 29th and World ranks 28th of 155 countries.
Across the 4 decades both report, Iceland averaged higher in 3 and World in 1.
Head to head by decade
| Decade | Iceland | World | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.8% | 10.1% | 0.3% | World |
| 2000s | 15.8% | 6.2% | 9.6% | Iceland |
| 2010s | 19.1% | 5.6% | 13.5% | Iceland |
| 2020s | 13.9% | 6.2% | 7.8% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Iceland or World?
- Iceland, at 14.9% against 6.9% in World as of 2023.
- What is the difference in interest payments between Iceland and World?
- 8.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and World?
- 24 years are reported by both, from 1998 to 2023.
- How do Iceland and World rank globally for interest payments?
- Iceland ranks 29th and World ranks 28th 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.