Interest payments in Albania
Albania: Interest payments was 7.8% in 2023. ▼ Falling
Interest payments in Albania, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Albania recorded 7.8% for interest payments in 2023.
Compared with earlier readings it is up 14.8% on the previous year and down 40.7% over ten years.
Over the whole period, interest payments in Albania peaked at 31.1% in 1998 and was at its lowest, 6.8%, in 2022.
That places Albania 67th out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Interest payments in Albania, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 9.2% | — |
| 1996 | 12.2% | +32.2% |
| 1997 | 22.2% | +82.2% |
| 1998 | 31.1% | +40.2% |
| 2002 | 16.3% | -47.4% |
| 2003 | 19.2% | +17.6% |
| 2004 | 16.9% | -12.0% |
| 2011 | 13.7% | -19.1% |
| 2012 | 13.5% | -1.5% |
| 2013 | 13.2% | -1.8% |
| 2014 | 11.7% | -11.7% |
| 2015 | 11.0% | -5.9% |
| 2016 | 10.3% | -6.6% |
| 2017 | 8.6% | -16.3% |
| 2018 | 9.6% | +11.7% |
| 2019 | 8.9% | -6.7% |
| 2020 | 8.4% | -6.1% |
| 2021 | 7.9% | -6.3% |
| 2022 | 6.8% | -13.2% |
| 2023 | 7.8% | +14.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.6% | 9.2% | 31.1% | 4 |
| 2000s | 17.5% | 16.3% | 19.2% | 3 |
| 2010s | 11.2% | 8.6% | 13.7% | 9 |
| 2020s | 7.7% | 6.8% | 8.4% | 4 |
Countries ranked near Albania
More public sector data for Albania
- Arms imports 12.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.05 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 225.26 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0198 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 34.67 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 535.47 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.5 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Albania?
- Interest payments in Albania was 7.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Albania?
- The highest recorded value was 31.1% in 1998.
- What is the lowest interest payments recorded in Albania?
- The lowest recorded value was 6.8% in 2022.
- How does Albania rank for interest payments?
- Albania ranks 67th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Albania?
- Over the last ten years it is down 40.7%. The long-run trend across the full record is falling.
- Where does this Albania 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.