Interest payments in European Union
European Union: Interest payments was 2.8% in 2023. ▼ Falling
Interest payments in European Union, 1975–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
European Union recorded 2.8% for interest payments in 2023.
Compared with earlier readings it is down 11.3% on the previous year and down 48.5% over ten years.
Over the whole period, interest payments in European Union peaked at 9.8% in 1997 and was at its lowest, 2.4%, in 1975.
The long-run direction has been consistently falling across the 48 years of available data.
Interest payments in European Union, year by year
| Year | % of expense | Change |
|---|---|---|
| 1975 | 2.4% | — |
| 1976 | 3.1% | +28.8% |
| 1978 | 4.1% | +29.9% |
| 1979 | 4.8% | +18.3% |
| 1980 | 6.0% | +23.6% |
| 1981 | 4.9% | -17.4% |
| 1982 | 5.1% | +2.5% |
| 1983 | 6.2% | +23.0% |
| 1984 | 7.0% | +11.9% |
| 1985 | 7.9% | +14.2% |
| 1986 | 8.8% | +10.4% |
| 1987 | 8.6% | -1.9% |
| 1988 | 8.8% | +2.0% |
| 1989 | 9.1% | +3.8% |
| 1990 | 9.7% | +6.6% |
| 1991 | 9.4% | -2.7% |
| 1992 | 9.6% | +1.4% |
| 1993 | 8.9% | -6.6% |
| 1994 | 9.5% | +5.9% |
| 1995 | 8.5% | -10.3% |
| 1996 | 8.4% | -1.5% |
| 1997 | 9.8% | +17.6% |
| 1998 | 9.0% | -8.8% |
| 1999 | 7.9% | -11.6% |
| 2000 | 7.7% | -2.9% |
| 2001 | 7.4% | -4.1% |
| 2002 | 6.6% | -11.2% |
| 2003 | 5.7% | -12.5% |
| 2004 | 5.7% | -0.7% |
| 2005 | 4.9% | -13.9% |
| 2006 | 4.7% | -3.5% |
| 2007 | 4.5% | -5.1% |
| 2008 | 4.1% | -8.8% |
| 2009 | 4.5% | +10.9% |
| 2010 | 4.6% | +1.0% |
| 2011 | 5.4% | +16.6% |
| 2012 | 5.8% | +7.6% |
| 2013 | 5.4% | -5.9% |
| 2014 | 5.1% | -6.6% |
| 2015 | 4.8% | -4.7% |
| 2016 | 4.5% | -6.8% |
| 2017 | 4.1% | -9.5% |
| 2018 | 3.6% | -10.5% |
| 2019 | 3.3% | -9.0% |
| 2020 | 2.9% | -11.4% |
| 2021 | 2.6% | -10.6% |
| 2022 | 3.1% | +20.0% |
| 2023 | 2.8% | -11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | 2.4% | 4.8% | 4 |
| 1980s | 7.2% | 4.9% | 9.1% | 10 |
| 1990s | 9.1% | 7.9% | 9.8% | 10 |
| 2000s | 5.6% | 4.1% | 7.7% | 10 |
| 2010s | 4.7% | 3.3% | 5.8% | 10 |
| 2020s | 2.9% | 2.6% | 3.1% | 4 |
Countries ranked near European Union
More public sector data for European Union
- Arms imports 6.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.69 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 29.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 818.48 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0189 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 20.53 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 368.50 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,195 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in European Union?
- Interest payments in European Union was 2.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in European Union?
- The highest recorded value was 9.8% in 1997.
- What is the lowest interest payments recorded in European Union?
- The lowest recorded value was 2.4% in 1975.
- How does European Union rank for interest payments?
- European Union ranks 1st out of 2 groups with data for 2023.
- Is interest payments rising or falling in European Union?
- Over the last ten years it is down 48.5%. The long-run trend across the full record is falling.
- Where does this European Union 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.