Interest payments in Saint Kitts and Nevis
Saint Kitts and Nevis: Interest payments was 2.9% in 2020. ▲ Rising
Interest payments in Saint Kitts and Nevis, 1990–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2020, interest payments in Saint Kitts and Nevis stood at 2.9%. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 52.8% on the previous year and down 88.1% over ten years.
Over the whole period, interest payments in Saint Kitts and Nevis peaked at 25.6% in 2016 and was at its lowest, 2.9%, in 2020.
Saint Kitts and Nevis ranks 117th of 152 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Interest payments in Saint Kitts and Nevis, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 12.2% | — |
| 1991 | 13.7% | +11.7% |
| 1992 | 12.8% | -6.3% |
| 1993 | 10.7% | -16.6% |
| 1994 | 8.4% | -21.7% |
| 2000 | 14.4% | +72.5% |
| 2001 | 17.1% | +18.2% |
| 2002 | 9.6% | -44.0% |
| 2003 | 10.2% | +7.0% |
| 2004 | 9.6% | -6.4% |
| 2005 | 11.6% | +21.5% |
| 2006 | 12.1% | +4.3% |
| 2007 | 12.0% | -1.4% |
| 2008 | 23.9% | +100.2% |
| 2009 | 22.6% | -5.6% |
| 2010 | 24.7% | +9.4% |
| 2011 | 21.1% | -14.5% |
| 2012 | 21.3% | +1.0% |
| 2013 | 14.5% | -32.3% |
| 2014 | 12.5% | -13.3% |
| 2015 | 7.4% | -40.9% |
| 2016 | 25.6% | +245.9% |
| 2017 | 6.2% | -75.7% |
| 2020 | 2.9% | -52.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.6% | 8.4% | 13.7% | 5 |
| 2000s | 14.3% | 9.6% | 23.9% | 10 |
| 2010s | 16.7% | 6.2% | 25.6% | 8 |
| 2020s | 2.9% | 2.9% | 2.9% | 1 |
Countries ranked near Saint Kitts and Nevis
More public sector data for Saint Kitts and Nevis
- Tax revenue 15.0% (2020)
- Capital stock, General government, Current prices, Domestic currency 2.15 (2019)
- Taxes on income, profits and capital gains 15.5% (2020)
- Capital stock, General government, Constant prices, Percent of GDP 89.02 (2019)
- Capital stock, General government, Constant prices, Purchasing power 1.04 (2019)
- Taxes on goods and services 21.0% (2020)
- Net investment in nonfinancial assets 5.1% (2020)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) -2.3% (2020)
Frequently asked questions
- What is interest payments in Saint Kitts and Nevis?
- Interest payments in Saint Kitts and Nevis was 2.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Saint Kitts and Nevis?
- The highest recorded value was 25.6% in 2016.
- What is the lowest interest payments recorded in Saint Kitts and Nevis?
- The lowest recorded value was 2.9% in 2020.
- How does Saint Kitts and Nevis rank for interest payments?
- Saint Kitts and Nevis ranks 117th out of 152 countries with data for 2020.
- Is interest payments rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is down 88.1%. The long-run trend across the full record is rising.
- Where does this Saint Kitts and Nevis 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 — 24 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.