Interest payments in Sub-Saharan Africa (IDA & IBRD countries)
Sub-Saharan Africa (IDA & IBRD countries): Interest payments was 13.6% in 2023. ▲ Rising
Interest payments in Sub-Saharan Africa (IDA & IBRD countries), 2009–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2023, interest payments in Sub-Saharan Africa (IDA & IBRD countries) stood at 13.6%. That is the highest value across all 15 years on record.
The figure is up 25.5% on the previous year and up 222.6% over ten years.
Over the whole period, interest payments in Sub-Saharan Africa (IDA & IBRD countries) peaked at 13.6% in 2023 and was at its lowest, 3.3%, in 2011.
That places Sub-Saharan Africa (IDA & IBRD countries) 8th out of 41 groups with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Interest payments in Sub-Saharan Africa (IDA & IBRD countries), year by year
| Year | % of revenue | Change |
|---|---|---|
| 2009 | 4.5% | — |
| 2010 | 4.1% | -7.4% |
| 2011 | 3.3% | -20.7% |
| 2012 | 3.3% | +1.2% |
| 2013 | 4.2% | +27.4% |
| 2014 | 4.0% | -4.3% |
| 2015 | 5.7% | +40.6% |
| 2016 | 7.2% | +27.0% |
| 2017 | 7.5% | +4.3% |
| 2018 | 8.9% | +18.3% |
| 2019 | 8.2% | -7.5% |
| 2020 | 9.0% | +9.3% |
| 2021 | 9.4% | +4.0% |
| 2022 | 10.9% | +15.8% |
| 2023 | 13.6% | +25.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | 4.5% | 4.5% | 1 |
| 2010s | 5.7% | 3.3% | 8.9% | 10 |
| 2020s | 10.7% | 9.0% | 13.6% | 4 |
Countries ranked near Sub-Saharan Africa (IDA & IBRD countries)
More public sector data for Sub-Saharan Africa (IDA & IBRD countries)
- Arms imports 731.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.5807 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 25.82 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 731.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 16.8 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0109 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 21.67 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 30.58 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Sub-Saharan Africa (IDA & IBRD countries)?
- Interest payments in Sub-Saharan Africa (IDA & IBRD countries) was 13.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Sub-Saharan Africa (IDA & IBRD countries)?
- The highest recorded value was 13.6% in 2023.
- What is the lowest interest payments recorded in Sub-Saharan Africa (IDA & IBRD countries)?
- The lowest recorded value was 3.3% in 2011.
- How does Sub-Saharan Africa (IDA & IBRD countries) rank for interest payments?
- Sub-Saharan Africa (IDA & IBRD countries) ranks 8th out of 41 groups with data for 2023.
- Is interest payments rising or falling in Sub-Saharan Africa (IDA & IBRD countries)?
- Over the last ten years it is up 222.6%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (IDA & IBRD 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.