Interest payments in Late-demographic dividend
Late-demographic dividend: Interest payments was 6.1% in 2023. ▼ Falling
Interest payments in Late-demographic dividend, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Late-demographic dividend recorded 6.1% for interest payments in 2023.
Compared with earlier readings it is up 48.1% on the previous year and up 4.6% over ten years.
Over the whole period, interest payments in Late-demographic dividend peaked at 12.5% in 1999 and was at its lowest, 4.1%, in 2022.
That places Late-demographic dividend 28th out of 39 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Interest payments in Late-demographic dividend, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 5.9% | — |
| 1996 | 5.9% | -0.4% |
| 1997 | 11.1% | +88.7% |
| 1998 | 12.4% | +12.6% |
| 1999 | 12.5% | +0.2% |
| 2000 | 11.8% | -5.7% |
| 2001 | 10.2% | -13.0% |
| 2002 | 10.0% | -2.5% |
| 2003 | 9.8% | -2.2% |
| 2004 | 7.8% | -20.2% |
| 2005 | 6.3% | -19.2% |
| 2006 | 5.2% | -17.9% |
| 2007 | 4.9% | -4.9% |
| 2008 | 4.6% | -6.2% |
| 2009 | 5.0% | +9.4% |
| 2010 | 4.6% | -7.9% |
| 2011 | 5.4% | +15.4% |
| 2012 | 6.1% | +13.3% |
| 2013 | 5.8% | -3.7% |
| 2014 | 5.5% | -5.4% |
| 2015 | 6.0% | +8.3% |
| 2016 | 7.0% | +16.5% |
| 2017 | 6.7% | -4.1% |
| 2018 | 6.4% | -3.8% |
| 2019 | 5.7% | -12.1% |
| 2020 | 4.6% | -19.0% |
| 2021 | 4.8% | +5.7% |
| 2022 | 4.1% | -14.8% |
| 2023 | 6.1% | +48.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.5% | 5.9% | 12.5% | 5 |
| 2000s | 7.6% | 4.6% | 11.8% | 10 |
| 2010s | 5.9% | 4.6% | 7.0% | 10 |
| 2020s | 4.9% | 4.1% | 6.1% | 4 |
Countries ranked near Late-demographic dividend
- 25 Philippines 15.3% compare
- 26 Lebanon 15.2% compare
- 27 Malaysia 14.9% compare
- 28 Guinea-Bissau 14.9% compare
- 29 Iceland 14.7% compare
- 30 Fiji 14.6% compare
- 31 South Africa 14.3% compare
More public sector data for Late-demographic dividend
- Arms imports 6.92 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.97 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 -9.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.92 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 259.7 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0202 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.9 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 604.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 172.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Late-demographic dividend?
- Interest payments in Late-demographic dividend was 6.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Late-demographic dividend?
- The highest recorded value was 12.5% in 1999.
- What is the lowest interest payments recorded in Late-demographic dividend?
- The lowest recorded value was 4.1% in 2022.
- How does Late-demographic dividend rank for interest payments?
- Late-demographic dividend ranks 28th out of 39 groups with data for 2023.
- Is interest payments rising or falling in Late-demographic dividend?
- Over the last ten years it is up 4.6%. The long-run trend across the full record is falling.
- Where does this Late-demographic dividend 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.