Estonia's interest payments (current LCU) was 225.8 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 697.88% from 28.3 million in 2014 (23.08% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 225.8 million | 2024 |
| Five years earlier | 14.9 million | 2019 |
| Ten years earlier | 28.3 million | 2014 |
| Highest | 225.8 million | 2024 |
| Lowest | 63,912 | 1991 |
| Average since 2015 | 54.96 million | 2015–2024 |
| First recorded | 63,912 |
What the numbers say
In 2024, Estonia's interest payments (current LCU) rose 62% on 2023 (from 139.4 million to 225.8 million).
Across the 28 yearly changes before that (1996 to 2023), the average change was +16.1% and a typical year strayed about 53.3% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 249.4% in 2023 and the biggest yearly fall was 34.4% in 1997. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 16.59 million a year. A straight line explains 51% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Estonia had the 84th highest value of the 86 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Estonia in the 2024 ranking
- Latvia — 81st of 86: 390.92 million
- Malta — 82nd of 86: 268.3 million
- Luxembourg — 83rd of 86: 243.7 million
- Solomon Islands — 85th of 86: 72.85 million
- San Marino — 86th of 86: 39.06 million
What this measures
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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 31 values
| Year | Interest payments (current LCU) |
|---|---|
| 2024 | 225,800,000 |
| 2023 | 139,400,000 |
| 2022 | 39,900,000 |
| 2021 | 22,800,000 |
| 2020 | 21,600,000 |
| 2019 | 14,900,000 |
| 2018 | 16,000,000 |
| 2017 | 19,300,000 |
| 2016 | 24,000,000 |
| 2015 | 25,900,000 |
| 2014 |
Interest payments (current LCU) in nearby economies
- Albania — 54.46 billion (2024)
- Armenia — 313.58 billion (2024)
- Austria — 6.94 billion (2024)
- Azerbaijan — 445.48 million (2024)
- Belarus — 3.31 billion (2024)
- Belgium — 10.62 billion (2024)
- Bosnia and Herzegovina — 488.61 million (2024)
- Bulgaria — 519.73 million (2024)
- Croatia — 1.26 billion (2023)
- Cyprus — 399.4 million (2024)
- Czechia — 104.72 billion (2024)
More public sector data for Estonia
- Grants and other revenue (current LCU) — 1.9 billion (2024)
- Grants and other revenue (% of revenue) — 11.94% (2024)
- Social contributions (current LCU) — 5 billion (2024)
- Social contributions (% of revenue) — 31.36% (2024)
- Revenue, excluding grants (current LCU) — 15.26 billion (2024)
- Revenue, excluding grants (% of GDP) — 38.31% (2024)
- Taxes on goods and services (current LCU) — 5.47 billion (2024)
- Taxes on goods and services (% of revenue) — 34.36% (2024)
- Tax revenue (current LCU) — 9.03 billion (2024)
- Tax revenue (% of GDP) — 22.67% (2024)
Reading data like this
Questions people ask
- What is Estonia's interest payments (current LCU)?
- 225.8 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1991?
- It is up 353,200% from 63,912 in 1991 (28.09% a year on average, compounded). The highest value was 225.8 million in 2024 and the lowest 63,912 in 1991.
- How does Estonia rank?
- 84th highest of 86 economies with data for 2024.
- Is the latest change in interest payments (current LCU) unusual for Estonia?
- In 2024, Estonia's interest payments (current LCU) rose 62% on 2023 (from 139.4 million to 225.8 million). Across the 28 yearly changes before that (1996 to 2023), the average change was +16.1% and a typical year strayed about 53.3% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.INTP.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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