India vs Latin America & Caribbean (excluding high income): Interest payments
Interest payments over time
- India
- Latin America & Caribbean (excluding high income)
How they compare
India currently reports 34.0% against 13.9% in Latin America & Caribbean (excluding high income), a difference of 20.1%.
That makes India's figure about 2.4 times Latin America & Caribbean (excluding high income)'s.
Across all 20 years both countries report, India has been ahead every year.
India ranks 3rd and Latin America & Caribbean (excluding high income) ranks 5th of 155 countries.
India has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | India | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 37.3% | 12.8% | 24.5% | India |
| 2000s | 29.9% | 10.5% | 19.4% | India |
| 2010s | 24.5% | 10.6% | 13.9% | India |
| 2020s | 34.0% | 11.9% | 22.1% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, India or Latin America & Caribbean (excluding high income)?
- India, at 34.0% against 13.9% in Latin America & Caribbean (excluding high income) as of 2022.
- What is the difference in interest payments between India and Latin America & Caribbean (excluding high income)?
- 20.1%, with India ahead.
- How many years of comparable data are there for India and Latin America & Caribbean (excluding high income)?
- 20 years are reported by both, from 1998 to 2022.
- How do India and Latin America & Caribbean (excluding high income) rank globally for interest payments?
- India ranks 3rd and Latin America & Caribbean (excluding high income) ranks 5th 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.
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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.