Interest payments in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Interest payments was 12.6% in 2023. ▼ Falling
Interest payments in Latin America & the Caribbean (IDA & IBRD countries), 1990–2023
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 Latin America & the Caribbean (IDA & IBRD countries) is 12.6%, measured in 2023.
Compared with earlier readings it is up 7.6% on the previous year and up 54.7% over ten years.
Over the whole period, interest payments in Latin America & the Caribbean (IDA & IBRD countries) peaked at 14.3% in 2003 and was at its lowest, 7.6%, in 2014.
Latin America & the Caribbean (IDA & IBRD countries) ranks 4th of 41 groups on this measure, in the top 10%.
The long-run direction has been consistently falling across the 34 years of available data.
Interest payments in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 10.6% | — |
| 1991 | 11.6% | +9.4% |
| 1992 | 10.2% | -11.8% |
| 1993 | 11.7% | +14.9% |
| 1994 | 11.6% | -0.7% |
| 1995 | 12.7% | +9.6% |
| 1996 | 12.6% | -0.9% |
| 1997 | 11.7% | -7.0% |
| 1998 | 12.6% | +7.2% |
| 1999 | 10.7% | -14.7% |
| 2000 | 12.7% | +18.2% |
| 2001 | 11.5% | -9.2% |
| 2002 | 12.6% | +9.3% |
| 2003 | 14.3% | +13.7% |
| 2004 | 12.4% | -13.3% |
| 2005 | 10.8% | -13.4% |
| 2006 | 10.5% | -2.8% |
| 2007 | 9.5% | -8.8% |
| 2008 | 9.8% | +2.3% |
| 2009 | 9.1% | -7.2% |
| 2010 | 8.1% | -10.7% |
| 2011 | 8.3% | +3.1% |
| 2012 | 7.8% | -6.9% |
| 2013 | 8.1% | +4.8% |
| 2014 | 7.6% | -5.9% |
| 2015 | 8.5% | +10.8% |
| 2016 | 10.6% | +25.2% |
| 2017 | 10.1% | -4.6% |
| 2018 | 11.4% | +12.2% |
| 2019 | 11.5% | +1.1% |
| 2020 | 9.4% | -17.9% |
| 2021 | 10.3% | +9.3% |
| 2022 | 11.7% | +13.5% |
| 2023 | 12.6% | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.6% | 10.2% | 12.7% | 10 |
| 2000s | 11.3% | 9.1% | 14.3% | 10 |
| 2010s | 9.2% | 7.6% | 11.5% | 10 |
| 2020s | 11.0% | 9.4% | 12.6% | 4 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
More public sector data for Latin America & the Caribbean (IDA & IBRD countries)
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9954 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 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 113.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0109 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.32 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is interest payments in Latin America & the Caribbean (IDA & IBRD countries)?
- Interest payments in Latin America & the Caribbean (IDA & IBRD countries) was 12.6% 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 14.3% in 2003.
- What is the lowest interest payments recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 7.6% in 2014.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for interest payments?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 4th out of 41 groups with data for 2023.
- Is interest payments rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 54.7%. The long-run trend across the full record is falling.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.