Interest payments in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Interest payments was 13.9% in 2024. ▲ Rising
Interest payments in Latin America & Caribbean (excluding high income), 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Latin America & Caribbean (excluding high income) recorded 13.9% for interest payments in 2024. That is the highest value across all 25 years on record.
That represents a change of up 0.6% on the previous year and up 63.0% over ten years.
Over the whole period, interest payments in Latin America & Caribbean (excluding high income) peaked at 13.9% in 2024 and was at its lowest, 8.0%, in 2007.
Latin America & Caribbean (excluding high income) ranks 5th of 41 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Interest payments in Latin America & Caribbean (excluding high income), year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 13.6% | — |
| 1999 | 11.9% | -12.4% |
| 2000 | 12.3% | +3.2% |
| 2003 | 11.8% | -3.8% |
| 2004 | 11.7% | -1.4% |
| 2005 | 10.0% | -14.3% |
| 2006 | 8.4% | -16.2% |
| 2007 | 8.0% | -4.5% |
| 2008 | 9.7% | +21.6% |
| 2009 | 12.5% | +28.3% |
| 2010 | 12.5% | +0.3% |
| 2011 | 10.9% | -13.0% |
| 2012 | 10.1% | -7.0% |
| 2013 | 9.7% | -3.7% |
| 2014 | 8.5% | -12.4% |
| 2015 | 8.9% | +3.9% |
| 2016 | 11.5% | +29.5% |
| 2017 | 11.5% | +0.2% |
| 2018 | 11.9% | +3.6% |
| 2019 | 12.6% | +5.4% |
| 2020 | 11.9% | -5.6% |
| 2021 | 11.1% | -6.6% |
| 2022 | 11.9% | +7.7% |
| 2023 | 13.8% | +15.9% |
| 2024 | 13.9% | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.8% | 11.9% | 13.6% | 2 |
| 2000s | 10.5% | 8.0% | 12.5% | 8 |
| 2010s | 10.8% | 8.5% | 12.6% | 10 |
| 2020s | 12.5% | 11.1% | 13.9% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is interest payments in Latin America & Caribbean (excluding high income)?
- Interest payments in Latin America & Caribbean (excluding high income) was 13.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 13.9% in 2024.
- What is the lowest interest payments recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 8.0% in 2007.
- How does Latin America & Caribbean (excluding high income) rank for interest payments?
- Latin America & Caribbean (excluding high income) ranks 5th out of 41 groups with data for 2024.
- Is interest payments rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 63.0%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding 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.