Interest payments (% of expense) in Mexico
Mexico: Interest payments (% of expense) was 15.8% in 2023. ◆ Volatile
Interest payments in Mexico, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Mexico recorded 15.8% for interest payments in 2023.
The figure is up 6.1% on the previous year and up 50.5% over ten years.
Over the whole period, interest payments in Mexico peaked at 64.0% in 1987 and was at its lowest, 8.8%, in 1972.
Mexico ranks 24th of 152 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments (% of expense) in Mexico, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 8.8% | — |
| 1973 | 9.7% | +10.8% |
| 1974 | 10.5% | +7.8% |
| 1975 | 10.1% | -3.2% |
| 1976 | 11.1% | +9.5% |
| 1977 | 13.3% | +20.0% |
| 1978 | 13.9% | +3.9% |
| 1979 | 13.1% | -5.3% |
| 1980 | 14.6% | +11.4% |
| 1981 | 20.8% | +42.2% |
| 1982 | 18.2% | -12.2% |
| 1983 | 40.6% | +122.7% |
| 1984 | 39.2% | -3.6% |
| 1985 | 42.4% | +8.2% |
| 1986 | 56.5% | +33.4% |
| 1987 | 64.0% | +13.2% |
| 1988 | 62.2% | -2.8% |
| 1989 | 54.5% | -12.5% |
| 1990 | 47.8% | -12.2% |
| 1991 | 33.2% | -30.6% |
| 1992 | 25.3% | -23.9% |
| 1993 | 17.9% | -29.0% |
| 1994 | 14.7% | -18.3% |
| 1995 | 19.2% | +31.4% |
| 1996 | 19.8% | +2.9% |
| 1997 | 14.6% | -26.3% |
| 1998 | 15.4% | +5.7% |
| 1999 | 16.9% | +9.3% |
| 2000 | 13.3% | -21.0% |
| 2009 | 11.5% | -14.1% |
| 2010 | 11.0% | -4.1% |
| 2011 | 10.1% | -7.9% |
| 2012 | 10.3% | +1.7% |
| 2013 | 10.5% | +1.9% |
| 2014 | 10.6% | +1.0% |
| 2015 | 10.0% | -5.7% |
| 2016 | 11.0% | +10.6% |
| 2017 | 13.3% | +20.8% |
| 2018 | 13.4% | +0.3% |
| 2019 | 13.2% | -1.5% |
| 2020 | 13.3% | +0.8% |
| 2021 | 13.9% | +4.7% |
| 2022 | 14.9% | +6.9% |
| 2023 | 15.8% | +6.1% |
Mexico compared with similar countries
- Mexico's 15.8% is above the median for upper middle income countries, which is 8.8%, 1.8× the median. (47 countries reporting)
- Mexico's 15.8% is above the median for Latin America & Caribbean, which is 10.3%, 1.5× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Interest payments (% of expense) in Mexico changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +122.7% | 18.2% | 40.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.3% | 8.8% | 13.9% | 8 |
| 1980s | 41.3% | 14.6% | 64.0% | 10 |
| 1990s | 22.5% | 14.6% | 47.8% | 10 |
| 2000s | 12.4% | 11.5% | 13.3% | 2 |
| 2010s | 11.3% | 10.0% | 13.4% | 10 |
| 2020s | 14.5% | 13.3% | 15.8% | 4 |
Countries ranked near Mexico
More public sector data for Mexico
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 9.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.3515 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -98.76 % change on previous year (2021)
Frequently asked questions
- What is interest payments in Mexico?
- Interest payments in Mexico was 15.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Mexico?
- The highest recorded value was 64.0% in 1987.
- What is the lowest interest payments recorded in Mexico?
- The lowest recorded value was 8.8% in 1972.
- How does Mexico rank for interest payments?
- Mexico ranks 24th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Mexico?
- Over the last ten years it is up 50.5%. The long-run trend across the full record is volatile.
- Where does this Mexico 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.