Interest payments in Africa Western and Central
Africa Western and Central: Interest payments was 10.5% in 2021. ▲ Rising
Interest payments in Africa Western and Central, 2015–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2021, interest payments in Africa Western and Central stood at 10.5%. That is the highest value across all 7 years on record.
The figure is up 10.4% on the previous year and up 93.5% over ten years.
Africa Western and Central ranks 9th of 41 groups on this measure, in the top quarter.
Interest payments in Africa Western and Central, year by year
| Year | % of expense | Change |
|---|---|---|
| 2015 | 5.5% | — |
| 2016 | 7.2% | +32.9% |
| 2017 | 8.1% | +11.9% |
| 2018 | 8.1% | +0.1% |
| 2019 | 8.8% | +8.9% |
| 2020 | 9.6% | +8.1% |
| 2021 | 10.5% | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.6% | 5.5% | 8.8% | 5 |
| 2020s | 10.1% | 9.6% | 10.5% | 2 |
Countries ranked near Africa Western and Central
More public sector data for Africa Western and Central
- Arms imports 360.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.6914 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -36.28 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 360.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 15.4 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0109 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -14.98 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 8.02 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 62.46 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Africa Western and Central?
- Interest payments in Africa Western and Central was 10.5% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Africa Western and Central?
- The highest recorded value was 10.5% in 2021.
- What is the lowest interest payments recorded in Africa Western and Central?
- The lowest recorded value was 5.5% in 2015.
- How does Africa Western and Central rank for interest payments?
- Africa Western and Central ranks 9th out of 41 groups with data for 2021.
- Is interest payments rising or falling in Africa Western and Central?
- Over the last ten years it is up 93.5%. The long-run trend across the full record is rising.
- Where does this Africa Western and Central data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.