Interest payments in Upper middle income
Upper middle income: Interest payments was 8.8% in 2023. ▼ Falling
Interest payments in Upper middle income, 1997–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Upper middle income stood at 8.8%.
That represents a change of up 13.1% on the previous year and up 47.4% over ten years.
Over the whole period, interest payments in Upper middle income peaked at 14.0% in 1998 and was at its lowest, 5.0%, in 2007.
Upper middle income ranks 23rd of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Interest payments in Upper middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 1997 | 12.5% | — |
| 1998 | 14.0% | +12.1% |
| 1999 | 12.6% | -9.8% |
| 2000 | 13.0% | +3.5% |
| 2003 | 12.2% | -6.6% |
| 2004 | 11.7% | -3.8% |
| 2006 | 7.6% | -35.2% |
| 2007 | 5.0% | -34.7% |
| 2008 | 5.4% | +9.1% |
| 2009 | 6.4% | +17.2% |
| 2010 | 6.7% | +5.2% |
| 2011 | 6.5% | -3.1% |
| 2012 | 6.1% | -6.1% |
| 2013 | 5.9% | -2.3% |
| 2014 | 7.4% | +24.3% |
| 2015 | 7.4% | -0.1% |
| 2016 | 9.8% | +33.0% |
| 2017 | 8.6% | -12.5% |
| 2018 | 9.6% | +11.7% |
| 2019 | 8.9% | -6.7% |
| 2020 | 8.3% | -7.8% |
| 2021 | 7.9% | -4.7% |
| 2022 | 7.7% | -1.5% |
| 2023 | 8.8% | +13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.0% | 12.5% | 14.0% | 3 |
| 2000s | 8.8% | 5.0% | 13.0% | 7 |
| 2010s | 7.7% | 5.9% | 9.8% | 10 |
| 2020s | 8.2% | 7.7% | 8.8% | 4 |
Countries ranked near Upper middle income
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 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 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Upper middle income?
- Interest payments in Upper middle income was 8.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Upper middle income?
- The highest recorded value was 14.0% in 1998.
- What is the lowest interest payments recorded in Upper middle income?
- The lowest recorded value was 5.0% in 2007.
- How does Upper middle income rank for interest payments?
- Upper middle income ranks 23rd out of 39 groups with data for 2023.
- Is interest payments rising or falling in Upper middle income?
- Over the last ten years it is up 47.4%. The long-run trend across the full record is falling.
- Where does this Upper 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.
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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.