Interest payments in Italy
Italy: Interest payments was 7.6% in 2023. ▼ Falling
Interest payments in Italy, 1973–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Italy stood at 7.6%.
Compared with earlier readings it is down 10.5% on the previous year and down 29.0% over ten years.
Over the whole period, interest payments in Italy peaked at 23.0% in 1993 and was at its lowest, 6.5%, in 1973.
That places Italy 71st out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Interest payments in Italy, year by year
| Year | % of expense | Change |
|---|---|---|
| 1973 | 6.5% | — |
| 1974 | 7.6% | +16.4% |
| 1975 | 9.1% | +19.8% |
| 1976 | 11.2% | +22.4% |
| 1977 | 11.9% | +6.4% |
| 1978 | 10.0% | -15.7% |
| 1979 | 9.8% | -2.3% |
| 1980 | 10.6% | +8.6% |
| 1986 | 16.6% | +56.5% |
| 1987 | 14.8% | -10.9% |
| 1988 | 17.7% | +19.3% |
| 1989 | 18.9% | +7.0% |
| 1990 | 21.0% | +11.0% |
| 1991 | 21.2% | +0.9% |
| 1992 | 22.4% | +5.6% |
| 1993 | 23.0% | +2.8% |
| 1994 | 22.3% | -2.9% |
| 1995 | 22.8% | +1.9% |
| 1996 | 22.9% | +0.4% |
| 1997 | 20.0% | -12.6% |
| 1998 | 18.9% | -5.3% |
| 1999 | 15.5% | -17.9% |
| 2000 | 15.3% | -1.5% |
| 2001 | 14.9% | -2.8% |
| 2002 | 13.6% | -8.7% |
| 2003 | 12.3% | -9.5% |
| 2004 | 11.8% | -3.5% |
| 2005 | 11.5% | -3.2% |
| 2006 | 10.9% | -5.3% |
| 2007 | 11.5% | +6.0% |
| 2008 | 11.5% | -0.2% |
| 2009 | 9.7% | -15.9% |
| 2010 | 9.8% | +1.2% |
| 2011 | 10.7% | +9.4% |
| 2012 | 11.5% | +7.6% |
| 2013 | 10.8% | -6.3% |
| 2014 | 10.3% | -4.3% |
| 2015 | 9.4% | -8.9% |
| 2016 | 9.0% | -4.1% |
| 2017 | 8.7% | -3.2% |
| 2018 | 8.6% | -1.8% |
| 2019 | 8.0% | -7.0% |
| 2020 | 6.9% | -13.7% |
| 2021 | 7.0% | +1.9% |
| 2022 | 8.5% | +22.0% |
| 2023 | 7.6% | -10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.4% | 6.5% | 11.9% | 7 |
| 1980s | 15.7% | 10.6% | 18.9% | 5 |
| 1990s | 21.0% | 15.5% | 23.0% | 10 |
| 2000s | 12.3% | 9.7% | 15.3% | 10 |
| 2010s | 9.7% | 8.0% | 11.5% | 10 |
| 2020s | 7.5% | 6.9% | 8.5% | 4 |
Countries ranked near Italy
More public sector data for Italy
- Arms imports 432.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 7.33 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 -10.93 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 432.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 643.98 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0159 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 2.79 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 37.96 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,640 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Italy?
- Interest payments in Italy was 7.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Italy?
- The highest recorded value was 23.0% in 1993.
- What is the lowest interest payments recorded in Italy?
- The lowest recorded value was 6.5% in 1973.
- How does Italy rank for interest payments?
- Italy ranks 71st out of 152 countries with data for 2023.
- Is interest payments rising or falling in Italy?
- Over the last ten years it is down 29.0%. The long-run trend across the full record is falling.
- Where does this Italy 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.