Interest payments in Lower middle income
Lower middle income: Interest payments was 9.0% in 2021. ▲ Rising
Interest payments in Lower middle income, 2003–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2021, interest payments in Lower middle income stood at 9.0%.
The figure is down 13.1% on the previous year and up 105.1% over ten years.
Over the whole period, interest payments in Lower middle income peaked at 13.4% in 2003 and was at its lowest, 4.4%, in 2011.
That places Lower middle income 22nd 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 19 years of available data.
Interest payments in Lower middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2003 | 13.4% | — |
| 2004 | 10.1% | -24.4% |
| 2005 | 9.3% | -8.1% |
| 2006 | 7.9% | -15.0% |
| 2007 | 6.7% | -15.5% |
| 2008 | 6.1% | -8.8% |
| 2009 | 5.7% | -7.1% |
| 2010 | 4.5% | -19.9% |
| 2011 | 4.4% | -2.8% |
| 2012 | 5.1% | +15.3% |
| 2013 | 5.9% | +16.0% |
| 2014 | 5.4% | -7.7% |
| 2015 | 7.0% | +28.8% |
| 2016 | 8.2% | +17.1% |
| 2017 | 8.3% | +1.5% |
| 2018 | 10.4% | +24.3% |
| 2019 | 11.3% | +9.2% |
| 2020 | 10.4% | -8.0% |
| 2021 | 9.0% | -13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.5% | 5.7% | 13.4% | 7 |
| 2010s | 7.1% | 4.4% | 11.3% | 10 |
| 2020s | 9.7% | 9.0% | 10.4% | 2 |
Countries ranked near Lower middle income
- 19 Bahamas 20.0% compare
- 20 Dominican Republic 19.3% compare
- 21 Gabon 18.9% compare
- 22 Jordan 18.6% compare
- 23 South Africa 18.2% compare
- 24 Cote d'Ivoire 18.0% compare
- 25 Philippines 17.3% compare
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Lower middle income?
- Interest payments in Lower middle income was 9.0% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Lower middle income?
- The highest recorded value was 13.4% in 2003.
- What is the lowest interest payments recorded in Lower middle income?
- The lowest recorded value was 4.4% in 2011.
- How does Lower middle income rank for interest payments?
- Lower middle income ranks 22nd out of 39 groups with data for 2021.
- Is interest payments rising or falling in Lower middle income?
- Over the last ten years it is up 105.1%. The long-run trend across the full record is rising.
- Where does this Lower 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.
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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.