Interest payments in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Interest payments was 13.2% in 2023. ▼ Falling
Interest payments in Latin America & Caribbean (excluding high income), 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Latin America & Caribbean (excluding high income) recorded 13.2% for interest payments in 2023.
Compared with earlier readings it is up 12.1% on the previous year and up 37.9% over ten years.
Over the whole period, interest payments in Latin America & Caribbean (excluding high income) peaked at 13.7% in 1998 and was at its lowest, 7.8%, in 2014.
That places Latin America & Caribbean (excluding high income) 3rd out of 41 groups with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 24 years of available data.
Interest payments in Latin America & Caribbean (excluding high income), year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 13.7% | — |
| 1999 | 11.9% | -12.9% |
| 2000 | 13.0% | +9.0% |
| 2003 | 11.9% | -7.9% |
| 2004 | 12.4% | +3.7% |
| 2005 | 10.8% | -13.2% |
| 2006 | 10.5% | -2.8% |
| 2007 | 9.5% | -8.8% |
| 2008 | 9.9% | +3.5% |
| 2009 | 10.7% | +8.0% |
| 2010 | 11.0% | +3.0% |
| 2011 | 10.1% | -7.9% |
| 2012 | 10.2% | +0.5% |
| 2013 | 9.6% | -5.9% |
| 2014 | 7.8% | -18.8% |
| 2015 | 8.8% | +13.1% |
| 2016 | 11.0% | +24.8% |
| 2017 | 10.9% | -0.8% |
| 2018 | 11.5% | +5.8% |
| 2019 | 11.9% | +3.1% |
| 2020 | 9.4% | -20.5% |
| 2021 | 10.3% | +9.3% |
| 2022 | 11.8% | +14.2% |
| 2023 | 13.2% | +12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.8% | 11.9% | 13.7% | 2 |
| 2000s | 11.1% | 9.5% | 13.0% | 8 |
| 2010s | 10.3% | 7.8% | 11.9% | 10 |
| 2020s | 11.2% | 9.4% | 13.2% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is interest payments in Latin America & Caribbean (excluding high income)?
- Interest payments in Latin America & Caribbean (excluding high income) was 13.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 13.7% in 1998.
- What is the lowest interest payments recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 7.8% in 2014.
- How does Latin America & Caribbean (excluding high income) rank for interest payments?
- Latin America & Caribbean (excluding high income) ranks 3rd out of 41 groups with data for 2023.
- Is interest payments rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 37.9%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean (excluding 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.
Download this data
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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.