Interest payments (% of expense) in El Salvador
El Salvador: Interest payments (% of expense) was 14.1% in 2023. ▲ Rising
Interest payments in El Salvador, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in El Salvador stood at 14.1%.
Compared with earlier readings it is up 19.2% on the previous year and up 32.7% over ten years.
Over the whole period, interest payments in El Salvador peaked at 14.2% in 2006 and was at its lowest, 6.9%, in 2001.
El Salvador ranks 34th of 152 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Interest payments (% of expense) in El Salvador, year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 9.7% | — |
| 1999 | 9.1% | -6.0% |
| 2000 | 8.9% | -2.6% |
| 2001 | 6.9% | -22.5% |
| 2002 | 11.3% | +64.2% |
| 2003 | 11.3% | +0.3% |
| 2004 | 13.4% | +18.1% |
| 2005 | 12.5% | -6.7% |
| 2006 | 14.2% | +14.1% |
| 2007 | 12.2% | -14.1% |
| 2008 | 10.6% | -13.5% |
| 2009 | 10.1% | -4.5% |
| 2010 | 10.8% | +6.5% |
| 2011 | 10.0% | -6.7% |
| 2012 | 10.2% | +1.2% |
| 2013 | 10.6% | +4.6% |
| 2014 | 11.6% | +9.3% |
| 2015 | 10.6% | -8.4% |
| 2016 | 10.9% | +2.2% |
| 2017 | 11.1% | +2.1% |
| 2018 | 11.4% | +2.2% |
| 2019 | 11.5% | +1.1% |
| 2020 | 8.9% | -22.3% |
| 2021 | 11.1% | +24.7% |
| 2022 | 11.8% | +6.4% |
| 2023 | 14.1% | +19.2% |
El Salvador compared with similar countries
- El Salvador's 14.1% is above the median for upper middle income countries, which is 8.8%, 1.6× the median. (47 countries reporting)
- El Salvador's 14.1% is above the median for Latin America & Caribbean, which is 10.3%, 1.4× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.4% | 9.1% | 9.7% | 2 |
| 2000s | 11.1% | 6.9% | 14.2% | 10 |
| 2010s | 10.9% | 10.0% | 11.6% | 10 |
| 2020s | 11.5% | 8.9% | 14.1% | 4 |
Countries ranked near El Salvador
More public sector data for El Salvador
- 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 3.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2024)
Frequently asked questions
- What is interest payments in El Salvador?
- Interest payments in El Salvador was 14.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in El Salvador?
- The highest recorded value was 14.2% in 2006.
- What is the lowest interest payments recorded in El Salvador?
- The lowest recorded value was 6.9% in 2001.
- How does El Salvador rank for interest payments?
- El Salvador ranks 34th out of 152 countries with data for 2023.
- Is interest payments rising or falling in El Salvador?
- Over the last ten years it is up 32.7%. The long-run trend across the full record is rising.
- Where does this El Salvador 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.