Interest payments in Europe & Central Asia
Europe & Central Asia: Interest payments was 4.2% in 2023. ▼ Falling
Interest payments in Europe & Central Asia, 1993–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Europe & Central Asia recorded 4.2% for interest payments in 2023.
That represents a change of up 29.4% on the previous year and down 9.5% over ten years.
Over the whole period, interest payments in Europe & Central Asia peaked at 9.3% in 1997 and was at its lowest, 3.0%, in 2021.
Europe & Central Asia ranks 33rd of 41 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Interest payments in Europe & Central Asia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1993 | 8.4% | — |
| 1994 | 8.5% | +1.3% |
| 1995 | 7.8% | -9.0% |
| 1996 | 8.2% | +6.3% |
| 1997 | 9.3% | +13.4% |
| 1998 | 9.0% | -3.6% |
| 1999 | 7.7% | -14.1% |
| 2000 | 7.7% | -0.4% |
| 2001 | 7.3% | -5.4% |
| 2002 | 6.4% | -12.2% |
| 2003 | 5.6% | -13.1% |
| 2004 | 5.2% | -6.0% |
| 2005 | 4.8% | -9.0% |
| 2006 | 4.3% | -9.8% |
| 2007 | 3.8% | -10.7% |
| 2008 | 3.6% | -7.2% |
| 2009 | 3.5% | -2.5% |
| 2010 | 3.8% | +9.3% |
| 2011 | 4.4% | +16.7% |
| 2012 | 4.5% | +2.0% |
| 2013 | 4.6% | +2.3% |
| 2014 | 4.4% | -4.6% |
| 2015 | 4.4% | -0.0% |
| 2016 | 4.2% | -4.0% |
| 2017 | 4.1% | -3.8% |
| 2018 | 4.0% | -0.8% |
| 2019 | 3.7% | -7.9% |
| 2020 | 3.2% | -14.2% |
| 2021 | 3.0% | -6.5% |
| 2022 | 3.2% | +8.2% |
| 2023 | 4.2% | +29.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.4% | 7.7% | 9.3% | 7 |
| 2000s | 5.2% | 3.5% | 7.7% | 10 |
| 2010s | 4.2% | 3.7% | 4.6% | 10 |
| 2020s | 3.4% | 3.0% | 4.2% | 4 |
Countries ranked near Europe & Central Asia
- 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
- 35 Panama 13.4% compare
- 36 Senegal 13.2% compare
More public sector data for Europe & Central Asia
- Arms imports 14.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 15.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 23.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 14.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 774.37 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0245 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.52 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 719.05 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 416.81 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Europe & Central Asia?
- Interest payments in Europe & Central Asia was 4.2% 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?
- The highest recorded value was 9.3% in 1997.
- What is the lowest interest payments recorded in Europe & Central Asia?
- The lowest recorded value was 3.0% in 2021.
- How does Europe & Central Asia rank for interest payments?
- Europe & Central Asia ranks 33rd out of 41 groups with data for 2023.
- Is interest payments rising or falling in Europe & Central Asia?
- Over the last ten years it is down 9.5%. The long-run trend across the full record is falling.
- Where does this Europe & Central Asia 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.