Interest payments (% of expense) in Dominican Republic
Dominican Republic: Interest payments (% of expense) was 17.5% in 2023. ◆ Volatile
Interest payments in Dominican Republic, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Dominican Republic recorded 17.5% for interest payments in 2023.
The figure is up 10.7% on the previous year and up 19.6% over ten years.
Over the whole period, interest payments in Dominican Republic peaked at 17.9% in 2021 and was at its lowest, 0.8%, in 1988.
Dominican Republic ranks 17th of 152 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments (% of expense) in Dominican Republic, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 1.1% | — |
| 1973 | 1.8% | +58.8% |
| 1974 | 2.0% | +12.1% |
| 1975 | 1.8% | -8.2% |
| 1976 | 2.3% | +27.8% |
| 1978 | 2.4% | +4.4% |
| 1979 | 7.1% | +192.4% |
| 1980 | 6.9% | -1.6% |
| 1981 | 7.8% | +12.0% |
| 1982 | 7.6% | -1.8% |
| 1983 | 9.3% | +21.4% |
| 1984 | 6.8% | -26.3% |
| 1985 | 3.1% | -53.9% |
| 1986 | 1.1% | -63.8% |
| 1987 | 1.2% | +5.9% |
| 1988 | 0.8% | -35.6% |
| 1989 | 9.5% | +1128.5% |
| 1990 | 6.8% | -29.1% |
| 1991 | 10.7% | +58.1% |
| 1992 | 6.4% | -40.4% |
| 1993 | 11.7% | +84.1% |
| 1994 | 8.8% | -24.7% |
| 1995 | 9.1% | +3.7% |
| 1996 | 5.5% | -39.4% |
| 1997 | 3.9% | -30.0% |
| 1998 | 4.0% | +3.2% |
| 1999 | 4.7% | +17.9% |
| 2000 | 5.7% | +20.5% |
| 2001 | 5.9% | +3.8% |
| 2002 | 7.8% | +31.7% |
| 2003 | 11.7% | +50.4% |
| 2004 | 12.4% | +6.3% |
| 2005 | 8.5% | -31.4% |
| 2006 | 9.5% | +11.2% |
| 2007 | 8.5% | -10.4% |
| 2008 | 9.9% | +16.2% |
| 2009 | 12.2% | +23.7% |
| 2010 | 12.7% | +4.1% |
| 2011 | 14.5% | +13.9% |
| 2012 | 15.1% | +4.5% |
| 2013 | 14.6% | -3.3% |
| 2014 | 15.3% | +4.6% |
| 2015 | 15.1% | -1.2% |
| 2016 | 15.5% | +2.2% |
| 2017 | 15.3% | -1.0% |
| 2018 | 16.3% | +6.2% |
| 2019 | 15.7% | -3.7% |
| 2020 | 15.2% | -3.0% |
| 2021 | 17.9% | +17.8% |
| 2022 | 15.8% | -11.6% |
| 2023 | 17.5% | +10.7% |
Dominican Republic compared with similar countries
- Dominican Republic's 17.5% is above the median for upper middle income countries, which is 8.8%, 2.0× the median. (47 countries reporting)
- Dominican Republic's 17.5% is above the median for Latin America & Caribbean, which is 10.3%, 1.7× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Interest payments (% of expense) in Dominican Republic changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +1128.5% | 0.8% | 9.5% |
| 1979 | +192.4% | 2.4% | 7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.6% | 1.1% | 7.1% | 7 |
| 1980s | 5.4% | 0.8% | 9.5% | 10 |
| 1990s | 7.2% | 3.9% | 11.7% | 10 |
| 2000s | 9.2% | 5.7% | 12.4% | 10 |
| 2010s | 15.0% | 12.7% | 16.3% | 10 |
| 2020s | 16.6% | 15.2% | 17.9% | 4 |
Countries ranked near Dominican Republic
More public sector data for Dominican Republic
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 13.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.8751 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 11.11 % change on previous year (2024)
Frequently asked questions
- What is interest payments in Dominican Republic?
- Interest payments in Dominican Republic was 17.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Dominican Republic?
- The highest recorded value was 17.9% in 2021.
- What is the lowest interest payments recorded in Dominican Republic?
- The lowest recorded value was 0.8% in 1988.
- How does Dominican Republic rank for interest payments?
- Dominican Republic ranks 17th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Dominican Republic?
- Over the last ten years it is up 19.6%. The long-run trend across the full record is volatile.
- Where does this Dominican Republic 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.