Interest payments in Europe & Central Asia (IDA & IBRD countries)
Europe & Central Asia (IDA & IBRD countries): Interest payments was 5.2% in 2023. ◆ Volatile
Interest payments in Europe & Central Asia (IDA & IBRD countries), 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Europe & Central Asia (IDA & IBRD countries) recorded 5.2% for interest payments in 2023.
That represents a change of up 35.2% on the previous year and up 60.9% over ten years.
Over the whole period, interest payments in Europe & Central Asia (IDA & IBRD countries) peaked at 12.1% in 1998 and was at its lowest, 1.9%, in 2008.
That places Europe & Central Asia (IDA & IBRD countries) 31st out of 41 groups with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Europe & Central Asia (IDA & IBRD countries), year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 12.1% | — |
| 1999 | 9.2% | -24.2% |
| 2003 | 6.6% | -27.8% |
| 2004 | 5.1% | -23.6% |
| 2005 | 4.1% | -19.3% |
| 2006 | 3.1% | -25.1% |
| 2007 | 2.0% | -36.1% |
| 2008 | 1.9% | -0.8% |
| 2009 | 2.2% | +14.5% |
| 2010 | 2.6% | +16.0% |
| 2011 | 3.3% | +27.5% |
| 2012 | 3.8% | +16.3% |
| 2013 | 3.2% | -14.9% |
| 2014 | 3.3% | +2.1% |
| 2015 | 4.1% | +22.8% |
| 2016 | 4.2% | +2.1% |
| 2017 | 4.3% | +3.2% |
| 2018 | 4.5% | +4.6% |
| 2019 | 3.9% | -12.2% |
| 2020 | 3.8% | -4.8% |
| 2021 | 4.3% | +13.9% |
| 2022 | 3.9% | -9.4% |
| 2023 | 5.2% | +35.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.6% | 9.2% | 12.1% | 2 |
| 2000s | 3.6% | 1.9% | 6.6% | 7 |
| 2010s | 3.7% | 2.6% | 4.5% | 10 |
| 2020s | 4.3% | 3.8% | 5.2% | 4 |
Countries ranked near Europe & Central Asia (IDA & IBRD countries)
- 28 Guinea-Bissau 14.9% compare
- 29 Iceland 14.7% compare
- 30 Fiji 14.6% compare
- 31 South Africa 14.3% compare
- 32 Côte d'Ivoire 14.1% compare
- 33 Namibia 14.1% compare
- 34 El Salvador 14.1% compare
More public sector data for Europe & Central Asia (IDA & IBRD countries)
- Arms imports 8.83 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 19.2 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0014 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 13.61 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.83 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 657.44 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0492 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 25.48 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 302.41 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.22 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Europe & Central Asia (IDA & IBRD countries)?
- Interest payments in Europe & Central Asia (IDA & IBRD countries) was 5.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Europe & Central Asia (IDA & IBRD countries)?
- The highest recorded value was 12.1% in 1998.
- What is the lowest interest payments recorded in Europe & Central Asia (IDA & IBRD countries)?
- The lowest recorded value was 1.9% in 2008.
- How does Europe & Central Asia (IDA & IBRD countries) rank for interest payments?
- Europe & Central Asia (IDA & IBRD countries) ranks 31st out of 41 groups with data for 2023.
- Is interest payments rising or falling in Europe & Central Asia (IDA & IBRD countries)?
- Over the last ten years it is up 60.9%. The long-run trend across the full record is volatile.
- Where does this Europe & Central Asia (IDA & IBRD countries) 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.