Interest payments in United Kingdom
United Kingdom: Interest payments was 83.89 billion current LCU in 2024. ◆ Volatile
Interest payments in United Kingdom, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for interest payments in United Kingdom is 83.89 billion current LCU, measured in 2024.
Compared with earlier readings it is down 4.9% on the previous year and up 62.5% over ten years.
Over the whole period, interest payments in United Kingdom peaked at 109.41 billion current LCU in 2022 and was at its lowest, 1.76 billion current LCU, in 1972.
That places United Kingdom 56th out of 155 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.08 billion current LCU | 1.76 billion current LCU | 7.58 billion current LCU | 8 |
| 1980s | 13.95 billion current LCU | 9.42 billion current LCU | 18.24 billion current LCU | 10 |
| 1990s | 23.25 billion current LCU | 16.37 billion current LCU | 30.70 billion current LCU | 10 |
| 2000s | 28.46 billion current LCU | 22.52 billion current LCU | 36.27 billion current LCU | 10 |
| 2010s | 51.95 billion current LCU | 46.40 billion current LCU | 57.84 billion current LCU | 10 |
| 2020s | 77.69 billion current LCU | 43.52 billion current LCU | 109.41 billion current LCU | 5 |
Countries ranked near United Kingdom
More public sector data for United Kingdom
- Arms imports 643.00 million SIPRI trend indicator values (2024)
- Tax revenue 26.9% (2024)
- Taxes on income, profits and capital gains 40.6% (2024)
- Taxes on goods and services 31.1% (2024)
- Net investment in nonfinancial assets 2.4% (2024)
- Net lending (+) / net borrowing (-) -6.9% (2024)
- Interest payments 8.3% (2024)
- Grants and other revenue 5.6% (2024)
- Interest payments 7.8% (2023)
- Other taxes 4.9% (2024)
Frequently asked questions
- What is interest payments in United Kingdom?
- Interest payments in United Kingdom was 83.89 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in United Kingdom?
- The highest recorded value was 109.41 billion current LCU in 2022.
- What is the lowest interest payments recorded in United Kingdom?
- The lowest recorded value was 1.76 billion current LCU in 1972.
- How does United Kingdom rank for interest payments?
- United Kingdom ranks 56th out of 155 countries with data for 2024.
- Is interest payments rising or falling in United Kingdom?
- Over the last ten years it is up 62.5%. The long-run trend across the full record is volatile.
- Where does this United Kingdom data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.