Interest payments in Least developed countries
Least developed countries: Interest payments was 8.9% in 2021. ▲ Rising
Interest payments in Least developed countries, 2010–2021
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 Least developed countries is 8.9%, measured in 2021.
That represents a change of up 16.6% on the previous year and up 66.2% over ten years.
Over the whole period, interest payments in Least developed countries peaked at 9.2% in 2018 and was at its lowest, 4.8%, in 2014.
Least developed countries ranks 22nd of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 10 years of available data.
Interest payments in Least developed countries, year by year
| Year | % of expense | Change |
|---|---|---|
| 2010 | 5.3% | — |
| 2012 | 5.2% | -2.2% |
| 2014 | 4.8% | -8.5% |
| 2015 | 5.9% | +24.5% |
| 2016 | 7.4% | +24.7% |
| 2017 | 6.7% | -10.0% |
| 2018 | 9.2% | +37.9% |
| 2019 | 7.4% | -19.2% |
| 2020 | 7.6% | +2.4% |
| 2021 | 8.9% | +16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.5% | 4.8% | 9.2% | 8 |
| 2020s | 8.2% | 7.6% | 8.9% | 2 |
Countries ranked near Least developed countries
- 19 Costa Rica 16.7% compare
- 20 Jordan 16.5% compare
- 21 Kenya 16.4% compare
- 22 Togo 16.2% compare
- 23 Saint Lucia 16.1% compare
- 24 Mexico 15.8% compare
- 25 Philippines 15.3% compare
More public sector data for Least developed countries
- Arms imports 748.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.645 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -26.74 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 748.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 19.79 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0152 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 23.48 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.74 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Least developed countries?
- Interest payments in Least developed countries was 8.9% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Least developed countries?
- The highest recorded value was 9.2% in 2018.
- What is the lowest interest payments recorded in Least developed countries?
- The lowest recorded value was 4.8% in 2014.
- How does Least developed countries rank for interest payments?
- Least developed countries ranks 22nd out of 39 groups with data for 2021.
- Is interest payments rising or falling in Least developed countries?
- Over the last ten years it is up 66.2%. The long-run trend across the full record is rising.
- Where does this Least developed 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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CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.