Interest payments in Low & middle income
Low & middle income: Interest payments was 10.1% in 2023. ▲ Rising
Interest payments in Low & middle income, 2008–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Low & middle income recorded 10.1% for interest payments in 2023. That is the highest value across all 16 years on record.
The figure is up 15.8% on the previous year and up 96.0% over ten years.
Over the whole period, interest payments in Low & middle income peaked at 10.1% in 2023 and was at its lowest, 4.4%, in 2010.
Low & middle income ranks 15th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Interest payments in Low & middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 4.8% | — |
| 2009 | 5.4% | +11.1% |
| 2010 | 4.4% | -17.7% |
| 2011 | 4.4% | +0.1% |
| 2012 | 4.9% | +9.8% |
| 2013 | 5.2% | +6.1% |
| 2014 | 4.9% | -5.0% |
| 2015 | 6.3% | +28.1% |
| 2016 | 7.6% | +20.9% |
| 2017 | 7.6% | +0.5% |
| 2018 | 9.0% | +18.0% |
| 2019 | 8.1% | -10.4% |
| 2020 | 9.2% | +14.5% |
| 2021 | 8.4% | -9.4% |
| 2022 | 8.7% | +4.4% |
| 2023 | 10.1% | +15.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.1% | 4.8% | 5.4% | 2 |
| 2010s | 6.2% | 4.4% | 9.0% | 10 |
| 2020s | 9.1% | 8.4% | 10.1% | 4 |
Countries ranked near Low & middle income
- 12 Jamaica 22.4% compare
- 13 Ghana 21.6% compare
- 14 Uganda 21.0% compare
- 15 Guinea-Bissau 21.0% compare
- 16 Bangladesh 20.8% compare
- 17 United States of America 20.3% compare
- 18 Mexico 20.0% compare
More public sector data for Low & middle income
- Arms imports 11.23 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.67 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 -22.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.23 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 102.29 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.41 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 687.69 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 186.09 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Low & middle income?
- Interest payments in Low & middle income was 10.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Low & middle income?
- The highest recorded value was 10.1% in 2023.
- What is the lowest interest payments recorded in Low & middle income?
- The lowest recorded value was 4.4% in 2010.
- How does Low & middle income rank for interest payments?
- Low & middle income ranks 15th out of 41 groups with data for 2023.
- Is interest payments rising or falling in Low & middle income?
- Over the last ten years it is up 96.0%. The long-run trend across the full record is rising.
- Where does this Low & middle 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.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.