Interest payments in Lower middle income
Lower middle income: Interest payments was 10.2% in 2021. ▲ Rising
Interest payments in Lower middle income, 2004–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Lower middle income recorded 10.2% for interest payments in 2021.
Compared with earlier readings it is up 2.6% on the previous year and up 90.6% over ten years.
Over the whole period, interest payments in Lower middle income peaked at 10.8% in 2018 and was at its lowest, 5.4%, in 2011.
That places Lower middle income 12th out of 39 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Interest payments in Lower middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2004 | 9.9% | — |
| 2009 | 7.2% | -27.0% |
| 2010 | 6.4% | -11.5% |
| 2011 | 5.4% | -16.0% |
| 2012 | 5.8% | +8.1% |
| 2013 | 6.7% | +16.3% |
| 2014 | 6.8% | +0.7% |
| 2015 | 8.2% | +20.2% |
| 2016 | 8.8% | +7.8% |
| 2017 | 8.7% | -0.7% |
| 2018 | 10.8% | +23.7% |
| 2019 | 10.8% | -0.1% |
| 2020 | 10.0% | -7.7% |
| 2021 | 10.2% | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.5% | 7.2% | 9.9% | 2 |
| 2010s | 7.8% | 5.4% | 10.8% | 10 |
| 2020s | 10.1% | 10.0% | 10.2% | 2 |
Countries ranked near Lower middle income
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Lower middle income?
- Interest payments in Lower middle income was 10.2% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Lower middle income?
- The highest recorded value was 10.8% in 2018.
- What is the lowest interest payments recorded in Lower middle income?
- The lowest recorded value was 5.4% in 2011.
- How does Lower middle income rank for interest payments?
- Lower middle income ranks 12th out of 39 groups with data for 2021.
- Is interest payments rising or falling in Lower middle income?
- Over the last ten years it is up 90.6%. The long-run trend across the full record is rising.
- Where does this Lower 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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CSV · JSON — 14 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.