Interest payments in Upper middle income
Upper middle income: Interest payments was 10.4% in 2024. ▼ Falling
Interest payments in Upper middle income, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, interest payments in Upper middle income stood at 10.4%.
Compared with earlier readings it is up 9.4% on the previous year and up 50.2% over ten years.
Over the whole period, interest payments in Upper middle income peaked at 13.2% in 1998 and was at its lowest, 3.6%, in 2007.
Upper middle income ranks 12th of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Interest payments in Upper middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1995 | 11.1% | — |
| 1996 | 11.5% | +4.1% |
| 1997 | 12.5% | +9.0% |
| 1998 | 13.2% | +5.0% |
| 1999 | 13.1% | -0.6% |
| 2000 | 12.7% | -2.6% |
| 2002 | 12.1% | -5.4% |
| 2003 | 11.4% | -5.5% |
| 2004 | 11.3% | -0.5% |
| 2005 | 6.4% | -43.4% |
| 2006 | 5.9% | -8.2% |
| 2007 | 3.6% | -38.9% |
| 2008 | 4.9% | +36.5% |
| 2009 | 5.8% | +17.8% |
| 2010 | 5.8% | +0.8% |
| 2011 | 5.7% | -2.2% |
| 2012 | 5.1% | -10.2% |
| 2013 | 5.9% | +15.4% |
| 2014 | 6.9% | +17.4% |
| 2015 | 7.9% | +14.4% |
| 2016 | 9.0% | +13.3% |
| 2017 | 7.6% | -15.0% |
| 2018 | 8.6% | +12.8% |
| 2019 | 8.0% | -6.8% |
| 2020 | 9.5% | +18.7% |
| 2021 | 8.4% | -12.2% |
| 2022 | 7.3% | -12.6% |
| 2023 | 9.5% | +30.1% |
| 2024 | 10.4% | +9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.3% | 11.1% | 13.2% | 5 |
| 2000s | 8.2% | 3.6% | 12.7% | 9 |
| 2010s | 7.1% | 5.1% | 9.0% | 10 |
| 2020s | 9.0% | 7.3% | 10.4% | 5 |
Countries ranked near Upper middle income
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 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 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Upper middle income?
- Interest payments in Upper middle income was 10.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Upper middle income?
- The highest recorded value was 13.2% in 1998.
- What is the lowest interest payments recorded in Upper middle income?
- The lowest recorded value was 3.6% in 2007.
- How does Upper middle income rank for interest payments?
- Upper middle income ranks 12th out of 39 groups with data for 2024.
- Is interest payments rising or falling in Upper middle income?
- Over the last ten years it is up 50.2%. The long-run trend across the full record is falling.
- Where does this Upper 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 — 29 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.