Interest payments in Middle income
Middle income: Interest payments was 10.4% in 2023. ▲ Rising
Interest payments in Middle income, 2002–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2023, interest payments in Middle income stood at 10.4%.
The figure is up 9.5% on the previous year and up 75.8% over ten years.
Over the whole period, interest payments in Middle income peaked at 12.5% in 2002 and was at its lowest, 4.6%, in 2010.
That places Middle income 13th out of 39 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
Interest payments in Middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2002 | 12.5% | — |
| 2003 | 11.4% | -9.2% |
| 2004 | 10.5% | -7.5% |
| 2005 | 8.3% | -21.7% |
| 2006 | 7.7% | -7.1% |
| 2007 | 5.9% | -23.4% |
| 2008 | 5.4% | -8.9% |
| 2009 | 5.8% | +8.0% |
| 2010 | 4.6% | -20.2% |
| 2011 | 5.1% | +9.7% |
| 2012 | 5.1% | +1.0% |
| 2013 | 5.9% | +15.4% |
| 2014 | 6.0% | +1.8% |
| 2015 | 7.5% | +25.4% |
| 2016 | 8.5% | +13.1% |
| 2017 | 8.2% | -3.8% |
| 2018 | 10.0% | +21.9% |
| 2019 | 9.4% | -6.0% |
| 2020 | 9.8% | +4.9% |
| 2021 | 8.9% | -9.7% |
| 2022 | 9.5% | +6.5% |
| 2023 | 10.4% | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | 5.4% | 12.5% | 8 |
| 2010s | 7.0% | 4.6% | 10.0% | 10 |
| 2020s | 9.6% | 8.9% | 10.4% | 4 |
Countries ranked near Middle income
More public sector data for Middle income
- Arms imports 11.09 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.85 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 -22.08 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.09 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 113.52 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 6.27 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 678.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 224.76 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Middle income?
- Interest payments in Middle income was 10.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Middle income?
- The highest recorded value was 12.5% in 2002.
- What is the lowest interest payments recorded in Middle income?
- The lowest recorded value was 4.6% in 2010.
- How does Middle income rank for interest payments?
- Middle income ranks 13th out of 39 groups with data for 2023.
- Is interest payments rising or falling in Middle income?
- Over the last ten years it is up 75.8%. The long-run trend across the full record is rising.
- Where does this 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.