Interest payments in United Kingdom
United Kingdom: Interest payments was 83.89 billion current LCU in 2024. ◆ Volatile
Latest (2024)
83.89 billion current LCU
Change on year
down 4.9%
World rank
56th
of 155 countries
All-time high
109.41 billion current LCU
in 2022
All-time low
1.76 billion current LCU
in 1972
Years of data
53
1972–2024
Interest payments in United Kingdom, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for interest payments in United Kingdom is 83.89 billion current LCU, measured in 2024.
Compared with earlier readings it is down 4.9% on the previous year and up 62.5% over ten years.
Over the whole period, interest payments in United Kingdom peaked at 109.41 billion current LCU in 2022 and was at its lowest, 1.76 billion current LCU, in 1972.
That places United Kingdom 56th out of 155 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in United Kingdom, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 1.76 billion current LCU | — |
| 1973 | 2.13 billion current LCU | +21.0% |
| 1974 | 2.62 billion current LCU | +23.0% |
| 1975 | 3.48 billion current LCU | +32.4% |
| 1976 | 4.28 billion current LCU | +23.2% |
| 1977 | 4.81 billion current LCU | +12.5% |
| 1978 | 5.99 billion current LCU | +24.3% |
| 1979 | 7.58 billion current LCU | +26.7% |
| 1980 | 9.42 billion current LCU | +24.2% |
| 1981 | 10.61 billion current LCU | +12.6% |
| 1982 | 10.98 billion current LCU | +3.5% |
| 1983 | 11.95 billion current LCU | +8.8% |
| 1984 | 13.29 billion current LCU | +11.2% |
| 1985 | 14.56 billion current LCU | +9.6% |
| 1986 | 15.25 billion current LCU | +4.7% |
| 1987 | 17.29 billion current LCU | +13.4% |
| 1988 | 17.90 billion current LCU | +3.6% |
| 1989 | 18.24 billion current LCU | +1.9% |
| 1990 | 18.07 billion current LCU | -0.9% |
| 1991 | 16.37 billion current LCU | -9.4% |
| 1992 | 16.73 billion current LCU | +2.2% |
| 1993 | 18.39 billion current LCU | +9.9% |
| 1994 | 21.51 billion current LCU | +17.0% |
| 1995 | 26.12 billion current LCU | +21.4% |
| 1996 | 27.77 billion current LCU | +6.3% |
| 1997 | 29.81 billion current LCU | +7.4% |
| 1998 | 30.70 billion current LCU | +3.0% |
| 1999 | 27.05 billion current LCU | -11.9% |
| 2000 | 27.12 billion current LCU | +0.3% |
| 2001 | 24.69 billion current LCU | -9.0% |
| 2002 | 22.52 billion current LCU | -8.8% |
| 2003 | 23.67 billion current LCU | +5.1% |
| 2004 | 25.43 billion current LCU | +7.5% |
| 2005 | 28.58 billion current LCU | +12.4% |
| 2006 | 30.29 billion current LCU | +6.0% |
| 2007 | 35.02 billion current LCU | +15.6% |
| 2008 | 36.27 billion current LCU | +3.6% |
| 2009 | 31.03 billion current LCU | -14.4% |
| 2010 | 48.28 billion current LCU | +55.6% |
| 2011 | 55.08 billion current LCU | +14.1% |
| 2012 | 51.37 billion current LCU | -6.7% |
| 2013 | 52.54 billion current LCU | +2.3% |
| 2014 | 51.62 billion current LCU | -1.7% |
| 2015 | 46.40 billion current LCU | -10.1% |
| 2016 | 50.48 billion current LCU | +8.8% |
| 2017 | 57.84 billion current LCU | +14.6% |
| 2018 | 55.27 billion current LCU | -4.4% |
| 2019 | 50.66 billion current LCU | -8.4% |
| 2020 | 43.52 billion current LCU | -14.1% |
| 2021 | 63.46 billion current LCU | +45.8% |
| 2022 | 109.41 billion current LCU | +72.4% |
| 2023 | 88.18 billion current LCU | -19.4% |
| 2024 | 83.89 billion current LCU | -4.9% |
United Kingdom compared with similar countries
- United Kingdom's 83.89 billion current LCU is above the median for high income countries, which is 6.90 billion current LCU, 12.2× the median. (55 countries reporting)
- United Kingdom's 83.89 billion current LCU is above the median for Europe & Central Asia, which is 9.50 billion current LCU, 8.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.08 billion current LCU | 1.76 billion current LCU | 7.58 billion current LCU | 8 |
| 1980s | 13.95 billion current LCU | 9.42 billion current LCU | 18.24 billion current LCU | 10 |
| 1990s | 23.25 billion current LCU | 16.37 billion current LCU | 30.70 billion current LCU | 10 |
| 2000s | 28.46 billion current LCU | 22.52 billion current LCU | 36.27 billion current LCU | 10 |
| 2010s | 51.95 billion current LCU | 46.40 billion current LCU | 57.84 billion current LCU | 10 |
| 2020s | 77.69 billion current LCU | 43.52 billion current LCU | 109.41 billion current LCU | 5 |
Countries ranked near United Kingdom
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Frequently asked questions
- What is interest payments in United Kingdom?
- Interest payments in United Kingdom was 83.89 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in United Kingdom?
- The highest recorded value was 109.41 billion current LCU in 2022.
- What is the lowest interest payments recorded in United Kingdom?
- The lowest recorded value was 1.76 billion current LCU in 1972.
- How does United Kingdom rank for interest payments?
- United Kingdom ranks 56th out of 155 countries with data for 2024.
- Is interest payments rising or falling in United Kingdom?
- Over the last ten years it is up 62.5%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.