Interest payments in European Union
European Union: Interest payments was 2.9% in 2024. ▼ Falling
Interest payments in European Union, 1975–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, interest payments in European Union stood at 2.9%.
Compared with earlier readings it is up 1.5% on the previous year and down 46.4% over ten years.
Over the whole period, interest payments in European Union peaked at 10.5% in 1997 and was at its lowest, 2.6%, in 1975.
European Union ranks 37th of 41 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 49 years of available data.
Interest payments in European Union, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1975 | 2.6% | — |
| 1976 | 3.2% | +23.1% |
| 1978 | 4.1% | +29.8% |
| 1979 | 5.1% | +24.0% |
| 1980 | 6.3% | +23.5% |
| 1981 | 5.1% | -17.9% |
| 1982 | 6.0% | +17.6% |
| 1983 | 6.8% | +12.6% |
| 1984 | 7.4% | +8.5% |
| 1985 | 8.9% | +20.5% |
| 1986 | 9.4% | +5.5% |
| 1987 | 9.6% | +1.9% |
| 1988 | 9.5% | -0.3% |
| 1989 | 9.7% | +1.1% |
| 1990 | 10.3% | +6.5% |
| 1991 | 8.3% | -19.7% |
| 1992 | 9.7% | +17.3% |
| 1993 | 9.6% | -1.1% |
| 1994 | 9.9% | +3.6% |
| 1995 | 10.0% | +1.3% |
| 1996 | 9.5% | -5.0% |
| 1997 | 10.5% | +10.0% |
| 1998 | 9.6% | -8.6% |
| 1999 | 8.2% | -14.2% |
| 2000 | 7.9% | -4.4% |
| 2001 | 7.2% | -8.9% |
| 2002 | 6.9% | -4.1% |
| 2003 | 6.0% | -13.3% |
| 2004 | 5.7% | -4.0% |
| 2005 | 5.0% | -12.5% |
| 2006 | 4.4% | -12.7% |
| 2007 | 4.4% | +0.1% |
| 2008 | 4.3% | -1.6% |
| 2009 | 5.4% | +25.9% |
| 2010 | 5.4% | -0.6% |
| 2011 | 5.7% | +5.3% |
| 2012 | 6.0% | +5.7% |
| 2013 | 5.8% | -3.0% |
| 2014 | 5.4% | -6.6% |
| 2015 | 5.0% | -8.0% |
| 2016 | 4.7% | -6.0% |
| 2017 | 4.0% | -13.8% |
| 2018 | 3.8% | -5.3% |
| 2019 | 3.4% | -10.2% |
| 2020 | 3.3% | -3.0% |
| 2021 | 2.9% | -12.5% |
| 2022 | 3.0% | +1.2% |
| 2023 | 2.9% | -3.1% |
| 2024 | 2.9% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.7% | 2.6% | 5.1% | 4 |
| 1980s | 7.9% | 5.1% | 9.7% | 10 |
| 1990s | 9.6% | 8.2% | 10.5% | 10 |
| 2000s | 5.7% | 4.3% | 7.9% | 10 |
| 2010s | 4.9% | 3.4% | 6.0% | 10 |
| 2020s | 3.0% | 2.9% | 3.3% | 5 |
Countries ranked near European Union
- 34 Togo 14.0% compare
- 35 Colombia 13.9% compare
- 36 Tanzania, United Republic of 13.9% compare
- 37 Fiji 13.9% compare
- 38 Saint Lucia 13.6% compare
- 39 Zimbabwe 13.5% compare
- 40 Trinidad and Tobago 13.2% compare
More public sector data for European Union
- Arms imports 6.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.69 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 29.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 818.48 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0189 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 20.53 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 368.50 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,195 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in European Union?
- Interest payments in European Union was 2.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in European Union?
- The highest recorded value was 10.5% in 1997.
- What is the lowest interest payments recorded in European Union?
- The lowest recorded value was 2.6% in 1975.
- How does European Union rank for interest payments?
- European Union ranks 37th out of 41 groups with data for 2024.
- Is interest payments rising or falling in European Union?
- Over the last ten years it is down 46.4%. The long-run trend across the full record is falling.
- Where does this European Union 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 revenue). 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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.