Interest payments in OECD members
OECD members: Interest payments was 4.6% in 2023. ▼ Falling
Interest payments in OECD members, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in OECD members is 4.6%, measured in 2023.
The figure is up 39.4% on the previous year and down 17.4% over ten years.
Over the whole period, interest payments in OECD members peaked at 11.3% in 1988 and was at its lowest, 2.8%, in 2021.
The long-run direction has been consistently falling across the 52 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.6% | 3.5% | 6.7% | 8 |
| 1980s | 8.9% | 7.0% | 11.3% | 10 |
| 1990s | 9.3% | 7.8% | 10.6% | 10 |
| 2000s | 5.7% | 4.6% | 7.5% | 10 |
| 2010s | 4.9% | 3.8% | 5.8% | 10 |
| 2020s | 3.5% | 2.8% | 4.6% | 4 |
More public sector data for OECD members
- Arms imports 11.87 billion SIPRI trend indicator values (2024)
- Tax revenue 15.7% (2024)
- Taxes on income, profits and capital gains 27.5% (2024)
- Taxes on goods and services 28.3% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 4.5% (2024)
- Grants and other revenue 10.6% (2024)
- Other taxes 1.7% (2024)
- Compensation of employees 13.5% (2023)
Frequently asked questions
- What is interest payments in OECD members?
- Interest payments in OECD members was 4.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in OECD members?
- The highest recorded value was 11.3% in 1988.
- What is the lowest interest payments recorded in OECD members?
- The lowest recorded value was 2.8% in 2021.
- Is interest payments rising or falling in OECD members?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is falling.
- Where does this OECD members 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 expense). 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 percentage of total expenses which is any decrease in net worth resulting from a transaction.