San Marino: Interest payments (% of expense)

Key figures

What the numbers say

In 2023, San Marino's interest payments (% of expense) rose 2.86 percentage points on 2022 (from 3.02% to 5.88%).

Across the 20 yearly changes before that (2003 to 2022), the average change was +0.04 percentage points and a typical year strayed about 0.98 percentage points from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 2.99 percentage points in 2021 and the biggest yearly fall was 1.43 percentage points in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 0.43 percentage points a year. A straight line explains 56% 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 2023, San Marino had the 42nd highest value of the 78 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 San Marino in the 2023 ranking

• Uruguay — 38th of 78: 6.37%
• Madagascar — 39th of 78: 6.32%
• Spain — 40th of 78: 5.91%
• Georgia — 42nd of 78: 5.86%
• Ukraine — 43rd of 78: 5.8%
• Portugal — 44th of 78: 5.73%

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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.

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).

Regional and income-group figures are computed by the World Bank as a median.

All 23 values

Interest payments (% of expense) in nearby economies

• Albania — 7.84% (2023)
• Armenia — 12.74% (2023)
• Austria — 2.55% (2023)
• Azerbaijan — 2.05% (2022)
• Belarus — 5.39% (2023)
• Belgium — 3.2% (2022)
• Bosnia and Herzegovina — 2.11% (2023)
• Bulgaria — 1.3% (2023)
• Croatia — 4.18% (2023)
• Cyprus — 3.05% (2023)
• Czechia — 3.15% (2022)

More public sector data for San Marino

• Central government debt, total (current LCU) — 1.77 billion (2024)
• Grants and other revenue (current LCU) — 203.86 million (2024)
• Grants and other revenue (% of revenue) — 26.04% (2024)
• Social contributions (current LCU) — 240.73 million (2024)
• Social contributions (% of revenue) — 30.75% (2024)
• Revenue, excluding grants (current LCU) — 778.32 million (2024)
• Taxes on goods and services (current LCU) — 147.33 million (2024)
• Taxes on goods and services (% of revenue) — 18.82% (2024)
• Customs and other import duties (current LCU) — 2.33 million (2024)

Reading data like this

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Questions people ask

What is San Marino's interest payments (% of expense)?

5.88% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 5.13 percentage points from 0.75% in 1995. The highest value was 5.88% in 2023 and the lowest 0.63% in 2013.

How does San Marino rank?

42nd highest of 78 economies with data for 2023.

Is the latest change in interest payments (% of expense) unusual for San Marino?

In 2023, San Marino's interest payments (% of expense) rose 2.86 percentage points on 2022 (from 3.02% to 5.88%). Across the 20 yearly changes before that (2003 to 2022), the average change was +0.04 percentage points and a typical year strayed about 0.98 percentage points from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator GC.XPN.INTP.ZS, 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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