Interest payments in Latin America & Caribbean
Latin America & Caribbean: Interest payments was 13.9% in 2024. ▲ Rising
Interest payments in Latin America & Caribbean, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Latin America & Caribbean recorded 13.9% for interest payments in 2024. That is the highest value across all 27 years on record.
That represents a change of up 0.6% on the previous year and up 65.4% over ten years.
Over the whole period, interest payments in Latin America & Caribbean peaked at 13.9% in 2024 and was at its lowest, 8.0%, in 2007.
That places Latin America & Caribbean 5th out of 41 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
Interest payments in Latin America & Caribbean, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 11.3% | — |
| 1999 | 10.8% | -4.4% |
| 2000 | 11.1% | +2.7% |
| 2001 | 12.2% | +9.9% |
| 2002 | 12.7% | +3.8% |
| 2003 | 13.3% | +5.1% |
| 2004 | 11.7% | -12.4% |
| 2005 | 10.0% | -14.3% |
| 2006 | 8.4% | -16.2% |
| 2007 | 8.0% | -4.5% |
| 2008 | 9.2% | +14.6% |
| 2009 | 9.1% | -1.1% |
| 2010 | 9.0% | -0.3% |
| 2011 | 9.0% | +0.1% |
| 2012 | 8.6% | -5.0% |
| 2013 | 8.6% | +0.6% |
| 2014 | 8.4% | -2.7% |
| 2015 | 8.6% | +2.3% |
| 2016 | 11.0% | +28.3% |
| 2017 | 11.0% | -0.1% |
| 2018 | 11.0% | +0.2% |
| 2019 | 13.2% | +19.1% |
| 2020 | 11.9% | -9.8% |
| 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 | 11.0% | 10.8% | 11.3% | 2 |
| 2000s | 10.6% | 8.0% | 13.3% | 10 |
| 2010s | 9.9% | 8.4% | 13.2% | 10 |
| 2020s | 12.5% | 11.1% | 13.9% | 5 |
Countries ranked near Latin America & Caribbean
More public sector data for Latin America & Caribbean
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9725 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 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 110.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.2 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Latin America & Caribbean?
- Interest payments in Latin America & Caribbean 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?
- The highest recorded value was 13.9% in 2024.
- What is the lowest interest payments recorded in Latin America & Caribbean?
- The lowest recorded value was 8.0% in 2007.
- How does Latin America & Caribbean rank for interest payments?
- Latin America & Caribbean ranks 5th out of 41 groups with data for 2024.
- Is interest payments rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 65.4%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean 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.