Interest payments in High income
High income: Interest payments was 3.5% in 2024. ▼ Falling
Interest payments in High income, 1974–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
High income recorded 3.5% for interest payments in 2024.
Compared with earlier readings it is down 2.6% on the previous year and down 33.0% over ten years.
Over the whole period, interest payments in High income peaked at 10.7% in 1986 and was at its lowest, 3.0%, in 1974.
High income ranks 35th of 39 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Interest payments in High income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1974 | 3.0% | — |
| 1975 | 3.6% | +18.3% |
| 1976 | 4.1% | +15.8% |
| 1977 | 4.7% | +12.8% |
| 1978 | 5.3% | +12.6% |
| 1979 | 6.6% | +24.8% |
| 1980 | 7.3% | +11.0% |
| 1981 | 6.6% | -8.8% |
| 1982 | 6.5% | -2.1% |
| 1983 | 7.2% | +10.4% |
| 1984 | 8.6% | +19.3% |
| 1985 | 9.9% | +15.7% |
| 1986 | 10.7% | +7.7% |
| 1987 | 9.7% | -9.2% |
| 1988 | 9.8% | +0.9% |
| 1989 | 9.7% | -1.2% |
| 1990 | 9.7% | -0.0% |
| 1991 | 8.3% | -13.6% |
| 1992 | 8.2% | -1.8% |
| 1993 | 8.4% | +2.5% |
| 1994 | 9.1% | +8.0% |
| 1995 | 8.9% | -2.3% |
| 1996 | 8.2% | -7.2% |
| 1997 | 9.8% | +19.8% |
| 1998 | 9.2% | -6.4% |
| 1999 | 8.0% | -13.1% |
| 2000 | 7.8% | -2.6% |
| 2001 | 6.9% | -11.1% |
| 2002 | 6.5% | -6.4% |
| 2003 | 6.0% | -7.8% |
| 2004 | 5.6% | -6.6% |
| 2005 | 5.0% | -9.8% |
| 2006 | 4.4% | -12.7% |
| 2007 | 4.4% | -0.1% |
| 2008 | 4.3% | -2.0% |
| 2009 | 5.4% | +25.0% |
| 2010 | 5.2% | -2.7% |
| 2011 | 5.5% | +4.8% |
| 2012 | 5.5% | +0.5% |
| 2013 | 5.5% | +0.1% |
| 2014 | 5.3% | -4.5% |
| 2015 | 5.0% | -5.0% |
| 2016 | 4.7% | -6.0% |
| 2017 | 4.0% | -13.8% |
| 2018 | 3.8% | -5.0% |
| 2019 | 3.7% | -4.2% |
| 2020 | 3.5% | -4.6% |
| 2021 | 3.1% | -12.4% |
| 2022 | 3.2% | +4.1% |
| 2023 | 3.6% | +12.9% |
| 2024 | 3.5% | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.5% | 3.0% | 6.6% | 6 |
| 1980s | 8.6% | 6.5% | 10.7% | 10 |
| 1990s | 8.8% | 8.0% | 9.8% | 10 |
| 2000s | 5.6% | 4.3% | 7.8% | 10 |
| 2010s | 4.8% | 3.7% | 5.5% | 10 |
| 2020s | 3.4% | 3.1% | 3.6% | 5 |
Countries ranked near High income
- 32 Papua New Guinea 14.2% compare
- 33 Seychelles 14.1% compare
- 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
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in High income?
- Interest payments in High income was 3.5% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in High income?
- The highest recorded value was 10.7% in 1986.
- What is the lowest interest payments recorded in High income?
- The lowest recorded value was 3.0% in 1974.
- How does High income rank for interest payments?
- High income ranks 35th out of 39 groups with data for 2024.
- Is interest payments rising or falling in High income?
- Over the last ten years it is down 33.0%. The long-run trend across the full record is falling.
- Where does this High 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 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.