Interest payments in Togo
Togo: Interest payments was 16.2% in 2023. ▲ Rising
Interest payments in Togo, 2004–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Togo stood at 16.2%.
The figure is up 6.8% on the previous year and up 140.4% over ten years.
Over the whole period, interest payments in Togo peaked at 16.3% in 2020 and was at its lowest, 4.2%, in 2011.
That places Togo 22nd out of 152 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Interest payments in Togo, year by year
| Year | % of expense | Change |
|---|---|---|
| 2004 | 11.4% | — |
| 2005 | 6.5% | -43.4% |
| 2006 | 5.3% | -18.8% |
| 2007 | 5.9% | +13.0% |
| 2008 | 5.5% | -7.2% |
| 2009 | 5.5% | -0.8% |
| 2010 | 6.3% | +14.5% |
| 2011 | 4.2% | -33.0% |
| 2012 | 5.4% | +28.2% |
| 2013 | 6.7% | +25.3% |
| 2014 | 8.1% | +21.0% |
| 2015 | 10.3% | +26.7% |
| 2016 | 12.8% | +24.2% |
| 2017 | 11.4% | -11.2% |
| 2018 | 13.2% | +16.1% |
| 2019 | 15.6% | +18.3% |
| 2020 | 16.3% | +4.3% |
| 2021 | 16.0% | -2.0% |
| 2022 | 15.2% | -5.2% |
| 2023 | 16.2% | +6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.7% | 5.3% | 11.4% | 6 |
| 2010s | 9.4% | 4.2% | 15.6% | 10 |
| 2020s | 15.9% | 15.2% | 16.3% | 4 |
Countries ranked near Togo
- 19 Costa Rica 16.7% compare
- 20 Jordan 16.5% compare
- 21 Kenya 16.4% compare
- 23 Saint Lucia 16.1% compare
- 24 Mexico 15.8% compare
- 25 Philippines 15.3% compare
More public sector data for Togo
- Arms imports 2.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.2432 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -96.61 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 2.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 23.24 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0184 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -29.31 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 195.35 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.77 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Togo?
- Interest payments in Togo was 16.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Togo?
- The highest recorded value was 16.3% in 2020.
- What is the lowest interest payments recorded in Togo?
- The lowest recorded value was 4.2% in 2011.
- How does Togo rank for interest payments?
- Togo ranks 22nd out of 152 countries with data for 2023.
- Is interest payments rising or falling in Togo?
- Over the last ten years it is up 140.4%. The long-run trend across the full record is rising.
- Where does this Togo 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 — 20 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.