Interest payments in High income
High income: Interest payments was 3.4% in 2023. ▼ Falling
Interest payments in High income, 1974–2023
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 High income is 3.4%, measured in 2023.
That represents a change of up 7.2% on the previous year and down 35.7% over ten years.
Over the whole period, interest payments in High income peaked at 10.2% in 1988 and was at its lowest, 2.8%, in 2021.
That places High income 35th out of 39 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Interest payments in High income, year by year
| Year | % of expense | Change |
|---|---|---|
| 1974 | 3.3% | — |
| 1975 | 3.9% | +17.2% |
| 1976 | 4.5% | +14.6% |
| 1977 | 5.2% | +16.7% |
| 1978 | 5.8% | +11.2% |
| 1979 | 6.7% | +15.3% |
| 1980 | 7.2% | +8.2% |
| 1981 | 7.4% | +2.7% |
| 1982 | 6.8% | -8.5% |
| 1983 | 7.0% | +3.8% |
| 1984 | 8.0% | +12.9% |
| 1985 | 9.3% | +16.7% |
| 1986 | 10.1% | +8.3% |
| 1987 | 9.2% | -8.9% |
| 1988 | 10.2% | +10.9% |
| 1989 | 9.2% | -9.5% |
| 1990 | 9.7% | +5.5% |
| 1991 | 9.4% | -2.7% |
| 1992 | 9.1% | -3.9% |
| 1993 | 8.4% | -7.3% |
| 1994 | 9.3% | +10.1% |
| 1995 | 8.0% | -13.7% |
| 1996 | 7.2% | -10.3% |
| 1997 | 9.2% | +28.5% |
| 1998 | 8.7% | -5.6% |
| 1999 | 7.8% | -10.7% |
| 2000 | 7.5% | -3.4% |
| 2001 | 7.3% | -2.8% |
| 2002 | 6.2% | -14.5% |
| 2003 | 5.7% | -8.0% |
| 2004 | 5.4% | -6.3% |
| 2005 | 5.1% | -5.7% |
| 2006 | 4.8% | -6.1% |
| 2007 | 4.8% | +1.4% |
| 2008 | 4.6% | -3.7% |
| 2009 | 4.5% | -2.2% |
| 2010 | 4.6% | +2.0% |
| 2011 | 5.2% | +12.3% |
| 2012 | 5.7% | +9.9% |
| 2013 | 5.3% | -7.4% |
| 2014 | 5.2% | -1.3% |
| 2015 | 5.0% | -5.3% |
| 2016 | 4.6% | -6.9% |
| 2017 | 4.2% | -9.1% |
| 2018 | 4.0% | -3.7% |
| 2019 | 3.7% | -9.2% |
| 2020 | 3.0% | -17.9% |
| 2021 | 2.8% | -7.6% |
| 2022 | 3.2% | +14.3% |
| 2023 | 3.4% | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9% | 3.3% | 6.7% | 6 |
| 1980s | 8.4% | 6.8% | 10.2% | 10 |
| 1990s | 8.7% | 7.2% | 9.7% | 10 |
| 2000s | 5.6% | 4.5% | 7.5% | 10 |
| 2010s | 4.8% | 3.7% | 5.7% | 10 |
| 2020s | 3.1% | 2.8% | 3.4% | 4 |
Countries ranked near High income
- 32 Cote 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
- 37 Colombia 13.2% compare
- 38 United States 12.9% compare
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in High income?
- Interest payments in High income was 3.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in High income?
- The highest recorded value was 10.2% in 1988.
- What is the lowest interest payments recorded in High income?
- The lowest recorded value was 2.8% in 2021.
- How does High income rank for interest payments?
- High income ranks 35th out of 39 groups with data for 2023.
- Is interest payments rising or falling in High income?
- Over the last ten years it is down 35.7%. The long-run trend across the full record is falling.
- Where does this High income 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.