Interest payments in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Interest payments was 9.6% in 2021. ▲ Rising
Interest payments in Heavily indebted poor countries (HIPC), 2010–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in Heavily indebted poor countries (HIPC) is 9.6%, measured in 2021. That is the highest value across all 11 years on record.
Compared with earlier readings it is up 12.7% on the previous year and up 74.1% over ten years.
Over the whole period, interest payments in Heavily indebted poor countries (HIPC) peaked at 9.6% in 2021 and was at its lowest, 4.7%, in 2013.
That places Heavily indebted poor countries (HIPC) 19th out of 39 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Interest payments in Heavily indebted poor countries (HIPC), year by year
| Year | % of expense | Change |
|---|---|---|
| 2010 | 5.5% | — |
| 2012 | 5.5% | -0.6% |
| 2013 | 4.7% | -13.5% |
| 2014 | 5.2% | +9.8% |
| 2015 | 6.0% | +16.2% |
| 2016 | 6.6% | +9.3% |
| 2017 | 7.7% | +16.6% |
| 2018 | 8.4% | +10.0% |
| 2019 | 8.1% | -4.3% |
| 2020 | 8.5% | +4.9% |
| 2021 | 9.6% | +12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.4% | 4.7% | 8.4% | 9 |
| 2020s | 9.0% | 8.5% | 9.6% | 2 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 16 Bahamas 18.4% compare
- 17 Dominican Republic 17.5% compare
- 18 Lao People's Democratic Republic 17.0% compare
- 19 Costa Rica 16.7% compare
- 20 Jordan 16.5% compare
- 21 Kenya 16.4% compare
- 22 Togo 16.2% compare
More public sector data for Heavily indebted poor countries (HIPC)
- Arms imports 387.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.4116 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 -31.02 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 387.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 14.3 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0117 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.7 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 13.44 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 28.9 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Heavily indebted poor countries (HIPC)?
- Interest payments in Heavily indebted poor countries (HIPC) was 9.6% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 9.6% in 2021.
- What is the lowest interest payments recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 4.7% in 2013.
- How does Heavily indebted poor countries (HIPC) rank for interest payments?
- Heavily indebted poor countries (HIPC) ranks 19th out of 39 groups with data for 2021.
- Is interest payments rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is up 74.1%. The long-run trend across the full record is rising.
- Where does this Heavily indebted poor countries (HIPC) 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.