Interest payments in Low & middle income
Low & middle income: Interest payments was 8.6% in 2022. ▲ Rising
Interest payments in Low & middle income, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Low & middle income recorded 8.6% for interest payments in 2022.
That represents a change of down 0.5% on the previous year and up 52.6% over ten years.
Over the whole period, interest payments in Low & middle income peaked at 9.7% in 2018 and was at its lowest, 5.4%, in 2011.
Low & middle income ranks 25th of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Interest payments in Low & middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 7.0% | — |
| 2009 | 6.3% | -10.6% |
| 2010 | 6.1% | -2.6% |
| 2011 | 5.4% | -12.4% |
| 2012 | 5.6% | +5.2% |
| 2013 | 5.9% | +4.3% |
| 2014 | 6.2% | +5.8% |
| 2015 | 6.8% | +8.6% |
| 2016 | 7.7% | +14.1% |
| 2017 | 8.2% | +6.1% |
| 2018 | 9.7% | +18.1% |
| 2019 | 9.0% | -6.9% |
| 2020 | 8.4% | -6.7% |
| 2021 | 8.7% | +3.0% |
| 2022 | 8.6% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.7% | 6.3% | 7.0% | 2 |
| 2010s | 7.1% | 5.4% | 9.7% | 10 |
| 2020s | 8.6% | 8.4% | 8.7% | 3 |
Countries ranked near Low & middle income
- 22 Togo 16.2% compare
- 23 Saint Lucia 16.1% compare
- 24 Mexico 15.8% compare
- 25 Philippines 15.3% compare
- 26 Lebanon 15.2% compare
- 27 Malaysia 14.9% compare
- 28 Guinea-Bissau 14.9% compare
More public sector data for Low & middle income
- Arms imports 11.23 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.67 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -22.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.23 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 102.29 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.41 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 687.69 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 186.09 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Low & middle income?
- Interest payments in Low & middle income was 8.6% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Low & middle income?
- The highest recorded value was 9.7% in 2018.
- What is the lowest interest payments recorded in Low & middle income?
- The lowest recorded value was 5.4% in 2011.
- How does Low & middle income rank for interest payments?
- Low & middle income ranks 25th out of 39 groups with data for 2022.
- Is interest payments rising or falling in Low & middle income?
- Over the last ten years it is up 52.6%. The long-run trend across the full record is rising.
- Where does this Low & middle 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.
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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.