Interest payments in World
World: Interest payments was 6.9% in 2023. ▼ Falling
Interest payments in World, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for interest payments in World is 6.9%, measured in 2023.
That represents a change of up 27.4% on the previous year and up 29.2% over ten years.
Over the whole period, interest payments in World peaked at 10.3% in 1998 and was at its lowest, 4.7%, in 2008.
World ranks 28th of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Interest payments in World, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 10.3% | — |
| 1999 | 9.8% | -5.2% |
| 2002 | 7.9% | -19.3% |
| 2003 | 7.9% | -0.6% |
| 2004 | 6.9% | -12.6% |
| 2005 | 6.1% | -11.5% |
| 2006 | 5.8% | -4.6% |
| 2007 | 4.8% | -18.0% |
| 2008 | 4.7% | -0.8% |
| 2009 | 5.4% | +14.0% |
| 2010 | 4.9% | -8.9% |
| 2011 | 5.2% | +5.7% |
| 2012 | 5.2% | +0.0% |
| 2013 | 5.4% | +3.5% |
| 2014 | 5.2% | -3.2% |
| 2015 | 5.4% | +4.1% |
| 2016 | 6.3% | +17.5% |
| 2017 | 6.1% | -3.1% |
| 2018 | 6.3% | +3.0% |
| 2019 | 6.1% | -3.8% |
| 2020 | 6.4% | +4.7% |
| 2021 | 6.0% | -5.4% |
| 2022 | 5.4% | -9.9% |
| 2023 | 6.9% | +27.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.1% | 9.8% | 10.3% | 2 |
| 2000s | 6.2% | 4.7% | 7.9% | 8 |
| 2010s | 5.6% | 4.9% | 6.3% | 10 |
| 2020s | 6.2% | 5.4% | 6.9% | 4 |
Countries ranked near World
- 25 Philippines 17.3% compare
- 26 Costa Rica 16.6% compare
- 27 Malaysia 15.6% compare
- 28 Mozambique 15.1% compare
- 29 Iceland 14.9% compare
- 30 Namibia 14.7% compare
- 31 El Salvador 14.3% compare
More public sector data for World
- Arms imports 28.82 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.54 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 -2.86 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 28.82 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 325.74 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0237 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 11.18 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 2.65 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 228.6 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in World?
- Interest payments in World was 6.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in World?
- The highest recorded value was 10.3% in 1998.
- What is the lowest interest payments recorded in World?
- The lowest recorded value was 4.7% in 2008.
- How does World rank for interest payments?
- World ranks 28th out of 39 groups with data for 2023.
- Is interest payments rising or falling in World?
- Over the last ten years it is up 29.2%. The long-run trend across the full record is falling.
- Where does this World 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.