Interest payments in Middle income
Middle income: Interest payments was 8.8% in 2022. ▼ Falling
Interest payments in Middle income, 2003–2022
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 Middle income is 8.8%, measured in 2022.
The figure is down 7.8% on the previous year and up 44.0% over ten years.
Over the whole period, interest payments in Middle income peaked at 12.4% in 2003 and was at its lowest, 5.8%, in 2011.
That places Middle income 24th out of 39 groups with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Interest payments in Middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 12.4% | — |
| 2004 | 11.4% | -7.6% |
| 2006 | 9.5% | -16.8% |
| 2007 | 7.8% | -17.7% |
| 2008 | 7.6% | -2.5% |
| 2009 | 7.2% | -5.5% |
| 2010 | 6.6% | -8.6% |
| 2011 | 5.8% | -12.6% |
| 2012 | 6.1% | +5.5% |
| 2013 | 6.7% | +10.8% |
| 2014 | 7.4% | +9.2% |
| 2015 | 7.8% | +5.7% |
| 2016 | 9.1% | +16.9% |
| 2017 | 8.7% | -4.6% |
| 2018 | 10.0% | +15.0% |
| 2019 | 9.9% | -0.9% |
| 2020 | 9.0% | -8.7% |
| 2021 | 9.5% | +5.4% |
| 2022 | 8.8% | -7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.3% | 7.2% | 12.4% | 6 |
| 2010s | 7.8% | 5.8% | 10.0% | 10 |
| 2020s | 9.1% | 8.8% | 9.5% | 3 |
Countries ranked near Middle income
More public sector data for Middle income
- Arms imports 11.09 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.85 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 -22.08 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.09 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 113.52 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 6.27 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 678.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 224.76 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Middle income?
- Interest payments in Middle income was 8.8% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Middle income?
- The highest recorded value was 12.4% in 2003.
- What is the lowest interest payments recorded in Middle income?
- The lowest recorded value was 5.8% in 2011.
- How does Middle income rank for interest payments?
- Middle income ranks 24th out of 39 groups with data for 2022.
- Is interest payments rising or falling in Middle income?
- Over the last ten years it is up 44.0%. The long-run trend across the full record is falling.
- Where does this 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.
Download this data
CSV · JSON — 19 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.