Interest payments in Least developed countries
Least developed countries: Interest payments was 8.0% in 2021. ▲ Rising
Interest payments in Least developed countries, 2010–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2021, interest payments in Least developed countries stood at 8.0%. That is the highest value across all 10 years on record.
That represents a change of up 10.4% on the previous year and up 113.5% over ten years.
Over the whole period, interest payments in Least developed countries peaked at 8.0% in 2021 and was at its lowest, 3.4%, in 2012.
That places Least developed countries 25th out of 39 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 10 years of available data.
Interest payments in Least developed countries, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2010 | 3.7% | — |
| 2012 | 3.4% | -9.2% |
| 2014 | 3.8% | +11.1% |
| 2015 | 4.9% | +30.0% |
| 2016 | 6.1% | +25.4% |
| 2017 | 5.2% | -15.6% |
| 2018 | 7.7% | +48.4% |
| 2019 | 6.2% | -19.0% |
| 2020 | 7.2% | +16.0% |
| 2021 | 8.0% | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.1% | 3.4% | 7.7% | 8 |
| 2020s | 7.6% | 7.2% | 8.0% | 2 |
Countries ranked near Least developed countries
- 22 Jordan 18.6% compare
- 23 South Africa 18.2% compare
- 24 Côte d'Ivoire 18.0% compare
- 25 Philippines 17.3% compare
- 26 Costa Rica 16.6% compare
- 27 Malaysia 15.6% compare
- 28 Mozambique 15.1% compare
More public sector data for Least developed countries
- Arms imports 748.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.645 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -26.74 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 748.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 19.79 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0152 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 23.48 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.74 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Least developed countries?
- Interest payments in Least developed countries was 8.0% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Least developed countries?
- The highest recorded value was 8.0% in 2021.
- What is the lowest interest payments recorded in Least developed countries?
- The lowest recorded value was 3.4% in 2012.
- How does Least developed countries rank for interest payments?
- Least developed countries ranks 25th out of 39 groups with data for 2021.
- Is interest payments rising or falling in Least developed countries?
- Over the last ten years it is up 113.5%. The long-run trend across the full record is rising.
- Where does this Least developed countries 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.