Interest payments in Small states
Small states: Interest payments was 1.9% in 2022. ▼ Falling
Interest payments in Small states, 1991–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Small states recorded 1.9% for interest payments in 2022. That is the lowest value across all 29 years on record.
That represents a change of down 53.1% on the previous year and down 57.1% over ten years.
Over the whole period, interest payments in Small states peaked at 9.5% in 1991 and was at its lowest, 1.9%, in 2022.
Small states ranks 40th of 41 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Interest payments in Small states, year by year
| Year | % of expense | Change |
|---|---|---|
| 1991 | 9.5% | — |
| 1995 | 6.8% | -27.8% |
| 1996 | 7.3% | +7.3% |
| 1997 | 7.0% | -4.3% |
| 1998 | 7.4% | +6.0% |
| 1999 | 3.2% | -57.0% |
| 2000 | 4.2% | +30.8% |
| 2001 | 9.0% | +113.9% |
| 2002 | 8.5% | -4.8% |
| 2003 | 8.7% | +1.8% |
| 2004 | 7.7% | -11.4% |
| 2005 | 7.8% | +0.9% |
| 2006 | 7.2% | -7.5% |
| 2007 | 7.2% | +1.0% |
| 2008 | 6.4% | -11.5% |
| 2009 | 5.3% | -17.5% |
| 2010 | 4.4% | -16.1% |
| 2011 | 4.1% | -8.4% |
| 2012 | 4.5% | +9.8% |
| 2013 | 6.1% | +37.9% |
| 2014 | 5.3% | -13.5% |
| 2015 | 4.3% | -18.2% |
| 2016 | 6.8% | +56.4% |
| 2017 | 5.5% | -19.8% |
| 2018 | 5.7% | +5.1% |
| 2019 | 5.2% | -9.3% |
| 2020 | 4.6% | -11.8% |
| 2021 | 4.1% | -11.1% |
| 2022 | 1.9% | -53.1% |
Biggest year-on-year movements
Years where Interest payments in Small states 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 |
|---|---|---|---|
| 2001 | +113.9% | 4.2% | 9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.9% | 3.2% | 9.5% | 6 |
| 2000s | 7.2% | 4.2% | 9.0% | 10 |
| 2010s | 5.2% | 4.1% | 6.8% | 10 |
| 2020s | 3.5% | 1.9% | 4.6% | 3 |
Countries ranked near Small states
- 37 Colombia 13.2% compare
- 38 United States 12.9% compare
- 39 Armenia 12.7% compare
- 40 Tanzania 12.6% compare
- 41 Papua New Guinea 12.3% compare
- 42 Guatemala 12.0% compare
- 43 Burkina Faso 11.9% compare
More public sector data for Small states
- Arms imports 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 8.25 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per square kilometre 215.46 SIPRI trend indicator values per square kilometre (2021)
- Tax revenue 20.5% (2019)
- Taxes on income, profits and capital gains 24.1% (2022)
- Taxes on goods and services 33.4% (2022)
- Net investment in nonfinancial assets 3.0% (2019)
- Net lending (+) / net borrowing (-) -2.2% (2019)
- Interest payments 1.8% (2022)
Frequently asked questions
- What is interest payments in Small states?
- Interest payments in Small states was 1.9% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Small states?
- The highest recorded value was 9.5% in 1991.
- What is the lowest interest payments recorded in Small states?
- The lowest recorded value was 1.9% in 2022.
- How does Small states rank for interest payments?
- Small states ranks 40th out of 41 groups with data for 2022.
- Is interest payments rising or falling in Small states?
- Over the last ten years it is down 57.1%. The long-run trend across the full record is falling.
- Where does this Small states 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.