Interest payments in Bahamas
Bahamas: Interest payments was 18.4% in 2023. ▲ Rising
Interest payments in Bahamas, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Bahamas stood at 18.4%. That is the highest value across all 34 years on record.
That represents a change of up 3.7% on the previous year and up 53.2% over ten years.
Over the whole period, interest payments in Bahamas peaked at 18.4% in 2023 and was at its lowest, 9.8%, in 2006.
That places Bahamas 16th out of 152 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 34 years of available data.
Interest payments in Bahamas, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 11.8% | — |
| 1991 | 13.4% | +14.2% |
| 1992 | 12.7% | -5.6% |
| 1993 | 14.3% | +12.9% |
| 1994 | 14.2% | -1.0% |
| 1995 | 13.6% | -3.7% |
| 1996 | 13.3% | -2.7% |
| 1997 | 13.2% | -0.4% |
| 1998 | 13.5% | +2.5% |
| 1999 | 12.0% | -11.0% |
| 2000 | 11.1% | -7.6% |
| 2001 | 11.6% | +4.4% |
| 2002 | 10.7% | -8.3% |
| 2003 | 10.7% | +0.5% |
| 2004 | 11.2% | +4.2% |
| 2005 | 10.9% | -2.7% |
| 2006 | 9.8% | -9.4% |
| 2007 | 10.1% | +2.7% |
| 2008 | 10.6% | +5.4% |
| 2009 | 10.8% | +1.9% |
| 2010 | 12.0% | +10.6% |
| 2011 | 12.1% | +0.8% |
| 2012 | 10.9% | -9.8% |
| 2013 | 12.0% | +10.3% |
| 2014 | 12.2% | +0.9% |
| 2015 | 12.7% | +4.5% |
| 2016 | 12.9% | +1.9% |
| 2017 | 10.9% | -15.8% |
| 2018 | 14.1% | +29.2% |
| 2019 | 13.4% | -4.9% |
| 2020 | 12.9% | -3.9% |
| 2021 | 14.2% | +10.6% |
| 2022 | 17.8% | +25.0% |
| 2023 | 18.4% | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.2% | 11.8% | 14.3% | 10 |
| 2000s | 10.8% | 9.8% | 11.6% | 10 |
| 2010s | 12.3% | 10.9% | 14.1% | 10 |
| 2020s | 15.8% | 12.9% | 18.4% | 4 |
Countries ranked near Bahamas
- 13 Seychelles 19.7% compare
- 14 Uganda 19.5% compare
- 15 Bahrain 18.9% compare
- 17 Dominican Republic 17.5% compare
- 18 Laos 17.0% compare
- 19 Costa Rica 16.7% compare
More public sector data for Bahamas
- Arms imports 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per capita 30.73 SIPRI trend indicator values per person (2017)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,199 SIPRI trend indicator values per square kilometre (2017)
- Tax revenue 17.3% (2024)
- Capital stock, General government, Current prices, Domestic currency 2.72 (2019)
- Capital stock, General government, Constant prices, Percent of GDP 24.77 (2019)
- Capital stock, General government, Constant prices, Purchasing power 3.16 (2019)
- Taxes on goods and services 58.7% (2024)
Frequently asked questions
- What is interest payments in Bahamas?
- Interest payments in Bahamas was 18.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Bahamas?
- The highest recorded value was 18.4% in 2023.
- What is the lowest interest payments recorded in Bahamas?
- The lowest recorded value was 9.8% in 2006.
- How does Bahamas rank for interest payments?
- Bahamas ranks 16th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Bahamas?
- Over the last ten years it is up 53.2%. The long-run trend across the full record is rising.
- Where does this Bahamas 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.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.