Interest payments (% of revenue) by country
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.
Countries reporting
155
Highest
79.9%
Sri Lanka
Lowest
0.0%
Iraq
Median
6.8%
Years covered
53
1972–2024
Data points
5,564
What the numbers show
Interest payments (% of revenue) is currently reported for 155 countries. The highest value is 79.9% in Sri Lanka; the lowest is 0.0% in Iraq.
The median across all reporting countries is 6.8%, and the mean is 9.4%.
The gap between the highest and lowest reporting country is a factor of about 13,693.
Over the past decade 91 countries rose and 61 fell. The largest increase was in East Timor (up 1,131,720.0%), and the largest decrease in Iraq (down 99.1%).
Interest payments: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Sri Lanka | 79.9% | 2023 | up 107.5% | rising |
| 2 | Malawi | 35.8% | 2024 | up 103.5% | rising |
| 3 | India | 34.0% | 2022 | up 36.4% | rising |
| 4 | Egypt | 33.3% | 2015 | up 48.3% | rising |
| 5 | Bahrain | 31.9% | 2020 | up 667.4% | volatile |
| 6 | Brazil | 30.1% | 2024 | down 1.9% | flat |
| 7 | Panama | 28.9% | 2024 | up 114.9% | rising |
| 8 | Zambia | 28.3% | 2024 | up 83.3% | volatile |
| 9 | Barbados | 25.6% | 2016 | up 75.5% | rising |
| 10 | Angola | 25.2% | 2024 | up 657.2% | volatile |
| 11 | Kenya | 24.3% | 2023 | up 120.5% | rising |
| 12 | Jamaica | 22.4% | 2020 | down 44.8% | falling |
| 13 | Ghana | 21.6% | 2023 | down 9.5% | rising |
| 14 | Uganda | 21.0% | 2024 | up 95.4% | rising |
| 15 | Guinea-Bissau | 21.0% | 2024 | up 472.8% | volatile |
| 16 | Bangladesh | 20.8% | 2021 | up 31.3% | rising |
| 17 | United States | 20.3% | 2024 | up 115.6% | flat |
| 18 | Mexico | 20.0% | 2024 | up 59.4% | volatile |
| 19 | Bahamas | 20.0% | 2024 | up 37.4% | rising |
| 20 | Dominican Republic | 19.3% | 2024 | up 22.4% | volatile |
| 21 | Gabon | 18.9% | 2021 | up 469.0% | rising |
| 22 | Jordan | 18.6% | 2023 | up 45.6% | rising |
| 23 | South Africa | 18.2% | 2024 | up 79.6% | rising |
| 24 | Cote d'Ivoire | 18.0% | 2023 | up 124.8% | falling |
| 25 | Philippines | 17.3% | 2024 | up 1.7% | falling |
| 26 | Costa Rica | 16.6% | 2024 | up 53.6% | rising |
| 27 | Malaysia | 15.6% | 2024 | up 51.9% | rising |
| 28 | Mozambique | 15.1% | 2024 | up 355.7% | rising |
| 29 | Iceland | 14.9% | 2023 | down 35.5% | volatile |
| 30 | Namibia | 14.7% | 2024 | up 256.9% | volatile |
| 31 | El Salvador | 14.3% | 2024 | up 23.8% | rising |
| 32 | Papua New Guinea | 14.2% | 2024 | up 80.4% | flat |
| 33 | Seychelles | 14.1% | 2008 | down 33.7% | rising |
| 34 | Togo | 14.0% | 2023 | up 161.3% | rising |
| 35 | Colombia | 13.9% | 2024 | up 68.0% | falling |
| 36 | Tanzania | 13.9% | 2024 | up 64.6% | rising |
| 37 | Fiji | 13.9% | 2024 | up 31.2% | rising |
| 38 | Saint Lucia | 13.6% | 2017 | up 19.9% | rising |
| 39 | Zimbabwe | 13.5% | 2018 | up 503.2% | volatile |
| 40 | Trinidad and Tobago | 13.2% | 2019 | up 56.3% | volatile |
| 41 | Ethiopia | 12.6% | 2024 | up 319.2% | volatile |
| 42 | Armenia | 12.6% | 2024 | up 146.6% | volatile |
| 43 | Guatemala | 12.5% | 2024 | up 6.9% | rising |
| 44 | Senegal | 12.3% | 2023 | up 75.7% | rising |
| 45 | Hungary | 12.2% | 2024 | up 29.3% | volatile |
| 46 | Laos | 11.8% | 2022 | up 240.7% | rising |
| 47 | Turkey | 11.7% | 2024 | up 72.5% | volatile |
| 48 | Indonesia | 11.1% | 2009 | down 48.9% | volatile |
| 49 | Cape Verde | 10.9% | 2020 | up 87.4% | rising |
| 50 | Honduras | 10.6% | 2020 | up 173.0% | rising |
| 51 | Mauritius | 10.4% | 2024 | up 38.8% | falling |
| 52 | Paraguay | 10.3% | 2024 | up 460.8% | volatile |
| 53 | Maldives | 9.7% | 2021 | up 25.6% | rising |
| 54 | Burkina Faso | 9.7% | 2024 | up 190.3% | volatile |
| 55 | Myanmar | 9.6% | 2019 | up 41.7% | rising |
| 56 | Belize | 9.4% | 2017 | down 37.9% | volatile |
| 57 | Israel | 9.4% | 2024 | up 31.4% | falling |
| 58 | Italy | 9.4% | 2024 | down 15.6% | falling |
| 59 | Congo | 9.0% | 2021 | up 2,341.8% | volatile |
| 60 | Kazakhstan | 9.0% | 2023 | up 335.4% | flat |
| 61 | Argentina | 8.5% | 2024 | down 0.8% | volatile |
| 62 | Canada | 8.4% | 2024 | up 12.6% | volatile |
| 63 | United Kingdom | 8.3% | 2024 | down 1.2% | falling |
| 64 | Ukraine | 8.3% | 2024 | up 0.2% | volatile |
| 65 | Saint Vincent and the Grenadines | 8.1% | 2017 | down 16.7% | falling |
| 66 | Nepal | 8.0% | 2023 | up 93.2% | volatile |
| 67 | Morocco | 8.0% | 2023 | down 11.0% | falling |
| 68 | Bolivia | 8.0% | 2007 | down 11.1% | rising |
| 69 | Rwanda | 7.7% | 2023 | up 167.7% | volatile |
| 70 | Mali | 7.6% | 2020 | up 270.5% | rising |
| 71 | Greece | 7.5% | 2024 | down 17.5% | volatile |
| 72 | Albania | 7.4% | 2024 | down 34.2% | volatile |
| 73 | Eswatini | 7.4% | 2021 | up 70.7% | rising |
| 74 | Romania | 7.3% | 2024 | up 45.6% | volatile |
| 75 | Niger | 7.2% | 1980 | — | rising |
| 76 | Nicaragua | 7.0% | 2024 | up 42.5% | falling |
| 77 | Uruguay | 6.9% | 2024 | down 5.9% | volatile |
| 78 | Cameroon | 6.8% | 2021 | up 232.8% | volatile |
| 79 | Peru | 6.6% | 2021 | up 20.3% | volatile |
| 80 | Spain | 6.5% | 2024 | down 39.0% | volatile |
| 81 | North Macedonia | 5.9% | 2024 | up 63.1% | rising |
| 82 | Thailand | 5.8% | 2024 | up 6.3% | volatile |
| 83 | Moldova | 5.6% | 2023 | up 267.1% | volatile |
| 84 | Tunisia | 5.6% | 2012 | down 44.5% | rising |
| 85 | Georgia | 5.5% | 2024 | up 87.9% | volatile |
| 86 | Lebanon | 5.4% | 2024 | down 87.6% | falling |
| 87 | Portugal | 5.4% | 2024 | down 56.4% | falling |
| 88 | South Korea | 5.3% | 2024 | down 0.1% | flat |
| 89 | Chile | 5.2% | 2024 | up 98.0% | volatile |
| 90 | Poland | 5.2% | 2023 | down 28.4% | volatile |
| 91 | Sudan | 5.1% | 2016 | down 19.1% | falling |
| 92 | San Marino | 5.0% | 2024 | up 316.9% | volatile |
| 93 | Madagascar | 4.8% | 2024 | up 15.2% | volatile |
| 94 | Ecuador | 4.7% | 2022 | up 79.8% | rising |
| 95 | New Zealand | 4.7% | 2024 | up 4.3% | volatile |
| 96 | Belgium | 4.5% | 2024 | down 35.4% | falling |
| 97 | Mongolia | 4.3% | 2024 | down 50.9% | volatile |
| 98 | France | 4.2% | 2024 | down 10.3% | rising |
| 99 | Central African Republic | 4.2% | 2021 | down 24.4% | volatile |
| 100 | Croatia | 4.2% | 2023 | down 55.8% | rising |
| 101 | Belarus | 4.2% | 2024 | up 33.3% | volatile |
| 102 | Equatorial Guinea | 4.2% | 2022 | up 322.0% | volatile |
| 103 | Kuwait | 3.9% | 1998 | down 72.8% | volatile |
| 104 | Serbia | 3.6% | 2022 | down 29.0% | rising |
| 105 | Saudi Arabia | 3.5% | 2024 | up 943.5% | volatile |
| 106 | Slovakia | 3.5% | 2024 | down 35.4% | falling |
| 107 | Lesotho | 3.5% | 2024 | up 191.4% | volatile |
| 108 | Malta | 3.5% | 2024 | down 50.7% | volatile |
| 109 | Czechia | 3.5% | 2024 | up 2.3% | falling |
| 110 | China | 3.4% | 2021 | up 3.7% | falling |
| 111 | Botswana | 3.4% | 2023 | up 143.8% | rising |
| 112 | Uzbekistan | 3.3% | 2023 | up 3,178.9% | volatile |
| 113 | Austria | 3.1% | 2024 | down 41.4% | falling |
| 114 | Australia | 3.1% | 2022 | down 16.4% | falling |
| 115 | United Arab Emirates | 3.0% | 2024 | up 150,689.0% | volatile |
| 116 | Tajikistan | 2.9% | 2024 | — | volatile |
| 117 | Finland | 2.9% | 2024 | down 10.6% | volatile |
| 118 | Slovenia | 2.9% | 2024 | down 61.6% | rising |
| 119 | Cyprus | 2.8% | 2024 | down 64.3% | falling |
| 120 | Latvia | 2.7% | 2024 | down 41.5% | falling |
| 121 | Saint Kitts and Nevis | 2.7% | 2020 | down 88.6% | falling |
| 122 | Kyrgyzstan | 2.6% | 2024 | up 9.9% | falling |
| 123 | Germany | 2.5% | 2024 | down 19.4% | falling |
| 124 | Vanuatu | 2.4% | 2023 | down 29.2% | falling |
| 125 | Bosnia and Herzegovina | 2.4% | 2024 | up 20.5% | rising |
| 126 | Russia | 2.4% | 2020 | up 47.5% | volatile |
| 127 | Burundi | 2.4% | 2021 | down 22.4% | volatile |
| 128 | Ireland | 2.3% | 2024 | down 80.6% | volatile |
| 129 | Lithuania | 1.9% | 2024 | down 66.5% | volatile |
| 130 | Cambodia | 1.8% | 2023 | down 1.3% | rising |
| 131 | Netherlands | 1.7% | 2024 | down 50.0% | volatile |
| 132 | Norway | 1.6% | 2024 | up 75.2% | volatile |
| 133 | Bhutan | 1.5% | 2020 | down 76.8% | volatile |
| 134 | Andorra | 1.5% | 2024 | down 3.5% | rising |
| 135 | Solomon Islands | 1.5% | 2024 | up 350.6% | volatile |
| 136 | Denmark | 1.4% | 2024 | down 48.9% | volatile |
| 137 | Bulgaria | 1.4% | 2024 | down 41.8% | volatile |
| 138 | Estonia | 1.4% | 2024 | up 267.3% | volatile |
| 139 | Tonga | 1.3% | 2023 | down 57.4% | falling |
| 140 | Samoa | 1.2% | 2023 | down 54.9% | falling |
| 141 | Sweden | 1.1% | 2024 | down 33.2% | volatile |
| 142 | Switzerland | 0.9% | 2024 | down 48.9% | falling |
| 143 | Azerbaijan | 0.9% | 2024 | up 147.0% | volatile |
| 144 | Kiribati | 0.7% | 2023 | down 33.3% | volatile |
| 145 | Somalia | 0.6% | 2024 | — | volatile |
| 146 | Luxembourg | 0.6% | 2024 | down 35.9% | volatile |
| 147 | Palau | 0.6% | 2020 | down 24.9% | falling |
| 148 | Iran | 0.6% | 2009 | up 1,041,780.0% | volatile |
| 149 | Democratic Republic of Congo | 0.5% | 2022 | down 74.5% | volatile |
| 150 | Singapore | 0.5% | 2024 | up 37,746.0% | volatile |
| 151 | Marshall Islands | 0.4% | 2020 | down 56.1% | falling |
| 152 | Micronesia (country) | 0.4% | 2020 | down 34.4% | falling |
| 153 | East Timor | 0.1% | 2022 | up 1,131,720.0% | volatile |
| 154 | Afghanistan | 0.1% | 2017 | up 59.3% | volatile |
| 155 | Iraq | 0.0% | 2019 | down 99.1% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- South Asia 43.9%
- South Asia (IDA & IBRD) 43.9%
- Africa Eastern and Southern 14.7%
- North America 14.3%
- Latin America & Caribbean (excluding high income) 13.9%
- Latin America & Caribbean 13.9%
- Latin America & the Caribbean (IDA & IBRD countries) 13.9%
- Sub-Saharan Africa (excluding high income) 13.6%
- Sub-Saharan Africa 13.6%
- Sub-Saharan Africa (IDA & IBRD countries) 13.6%
- Caribbean small states 13.2%
- Upper middle income 10.4%
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.