Of the economies in the World Bank's latest release, Sri Lanka has the highest interest payments (% of expense) (49.44% in 2023) and Afghanistan the lowest (0.13% in 2017). The world figure is 5.77% (2022).
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).
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Sri Lanka | 49.44% | 2023 |
| 2 | Ghana | 32.79% | 2022 |
| 3 | Angola | 31.91% | 2019 |
| 4 | Zambia | 26.53% | 2021 |
| 5 | Malawi | 26.35% | 2022 |
| 6 | Egypt, Arab Rep. | 24.23% | 2015 |
| 7 | Brazil | 24.14% | 2023 |
| 8 | Bangladesh | 24.03% | 2021 |
| 9 | India | 23.23% | 2022 |
| 10 | Barbados | 22.53% | 2016 |
| 11 | Jamaica | 21.99% | 2020 |
| 12 | Gabon | 20.36% | 2021 |
| 13 | Bahrain | 18.91% | 2020 |
| 14 | Bahamas, The | 18.44% | 2023 |
| 15 | Dominican Republic | 17.5% | 2023 |
| 16 | Lao PDR | 16.99% | 2022 |
| 17 | Costa Rica | 16.72% | 2023 |
| 18 | Jordan | 16.51% | 2023 |
| 19 | Kenya | 16.38% | 2023 |
| 20 | Togo | 16.19% | 2023 |
| 21 | St. Lucia | 16.07% | 2017 |
| 22 | Mexico | 15.77% | 2023 |
| 23 | Philippines | 15.31% | 2023 |
| 24 | Lebanon | 15.23% | 2021 |
| 25 | Malaysia | 14.93% | 2023 |
| 26 | Iceland | 14.74% | 2023 |
| 27 | Fiji | 14.58% | 2023 |
| 28 | South Africa | 14.29% | 2022 |
| 29 | Côte d'Ivoire | 14.14% | 2023 |
| 30 | Namibia | 14.14% | 2023 |
| 31 | El Salvador | 14.1% | 2023 |
| 32 | Colombia | 13.19% | 2023 |
| 33 | United States | 12.9% | 2023 |
| 34 | Armenia | 12.74% | 2023 |
| 35 | Tanzania | 12.56% | 2024 |
| 36 | Papua New Guinea | 12.28% | 2023 |
| 37 | Guatemala | 11.96% | 2023 |
| 38 | Burkina Faso | 11.93% | 2023 |
| 39 | Congo, Rep. | 11.51% | 2021 |
| 40 | Mozambique | 11.3% | 2022 |
| 41 | Türkiye | 11.04% | 2023 |
| 42 | Belize | 10.34% | 2017 |
| 43 | Honduras | 9.95% | 2020 |
| 44 | Equatorial Guinea | 9.94% | 2022 |
| 45 | Rwanda | 9.85% | 2023 |
| 46 | Trinidad and Tobago | 9.58% | 2019 |
| 47 | Nicaragua | 9.21% | 2023 |
| 48 | Ethiopia | 9.03% | 2023 |
| 49 | Maldives | 8.84% | 2021 |
| 50 | St. Vincent and the Grenadines | 8.83% | 2017 |
| 51 | Cabo Verde | 8.76% | 2020 |
| 52 | Paraguay | 8.76% | 2023 |
| 53 | Kazakhstan | 8.68% | 2023 |
| 54 | Mali | 8.48% | 2020 |
| 55 | Mauritius | 8.41% | 2023 |
| 56 | Morocco | 7.93% | 2023 |
| 57 | Albania | 7.84% | 2023 |
| 58 | Cameroon | 7.79% | 2021 |
| 59 | United Kingdom | 7.77% | 2023 |
| 60 | Israel | 7.65% | 2023 |
| 61 | Italy | 7.65% | 2023 |
| 62 | Canada | 7.62% | 2023 |
| 63 | Eswatini | 7.62% | 2021 |
| 64 | Argentina | 7.29% | 2023 |
| 65 | Greece | 7.27% | 2023 |
| 66 | Hungary | 6.64% | 2022 |
| 67 | Uruguay | 6.37% | 2023 |
| 68 | Madagascar | 6.32% | 2023 |
| 69 | Peru | 6.09% | 2021 |
| 70 | Mongolia | 6.01% | 2021 |
| 71 | Spain | 5.91% | 2023 |
| 72 | San Marino | 5.88% | 2023 |
| 73 | Georgia | 5.86% | 2023 |
| 74 | Ukraine | 5.8% | 2023 |
| 75 | Portugal | 5.73% | 2023 |
| 76 | Thailand | 5.49% | 2023 |
| 77 | Belarus | 5.39% | 2023 |
| 78 | Central African Republic | 5.17% | 2021 |
| 79 | Moldova | 5.07% | 2023 |
| 80 | Poland | 4.79% | 2023 |
| 81 | Ecuador | 4.74% | 2022 |
| 82 | Korea, Rep. | 4.43% | 2023 |
| 83 | Chile | 4.32% | 2023 |
| 84 | North Macedonia | 4.29% | 2023 |
| 85 | Croatia | 4.18% | 2023 |
| 86 | Nepal | 4.11% | 2021 |
| 87 | Botswana | 4.04% | 2023 |
| 88 | Serbia | 4% | 2022 |
| 89 | Lesotho | 3.99% | 2022 |
| 90 | Romania | 3.87% | 2022 |
| 91 | Saudi Arabia | 3.41% | 2023 |
| 92 | France | 3.4% | 2023 |
| 93 | Burundi | 3.33% | 2021 |
| 94 | Ireland | 3.3% | 2022 |
| 95 | Belgium | 3.2% | 2022 |
| 96 | Kyrgyz Republic | 3.16% | 2023 |
| 97 | Czechia | 3.15% | 2022 |
| 98 | Malta | 3.09% | 2023 |
| 99 | Cyprus | 3.05% | 2023 |
| 100 | Australia | 2.97% | 2022 |
| 101 | New Zealand | 2.97% | 2022 |
| 102 | Vanuatu | 2.96% | 2023 |
| 103 | Uzbekistan | 2.95% | 2023 |
| 104 | St. Kitts and Nevis | 2.94% | 2020 |
| 105 | Slovenia | 2.79% | 2023 |
| 106 | Slovak Republic | 2.66% | 2022 |
| 107 | Austria | 2.55% | 2023 |
| 108 | Russian Federation | 2.35% | 2020 |
| 109 | Bosnia and Herzegovina | 2.11% | 2023 |
| 110 | Cambodia | 2.1% | 2023 |
| 111 | Azerbaijan | 2.05% | 2022 |
| 112 | Finland | 2% | 2023 |
| 113 | Bhutan | 1.9% | 2020 |
| 114 | Latvia | 1.86% | 2023 |
| 115 | Tonga | 1.69% | 2023 |
| 116 | Samoa | 1.66% | 2023 |
| 117 | Netherlands | 1.59% | 2023 |
| 118 | Norway | 1.56% | 2023 |
| 119 | Lithuania | 1.45% | 2023 |
| 120 | Denmark | 1.39% | 2023 |
| 121 | Sweden | 1.37% | 2022 |
| 122 | Germany | 1.36% | 2022 |
| 123 | Bulgaria | 1.3% | 2023 |
| 124 | Solomon Islands | 1.27% | 2022 |
| 125 | Switzerland | 0.98% | 2023 |
| 126 | Estonia | 0.96% | 2023 |
| 127 | Kiribati | 0.75% | 2023 |
| 128 | Congo, Dem. Rep. | 0.68% | 2022 |
| 129 | Luxembourg | 0.6% | 2023 |
| 130 | Micronesia, Fed. Sts. | 0.6% | 2020 |
| 131 | Palau | 0.5% | 2020 |
| 132 | Marshall Islands | 0.46% | 2020 |
| 133 | Singapore | 0.44% | 2023 |
| 134 | Afghanistan | 0.13% | 2017 |
Regions and income groups
More public sector indicators
- Net acquisition of financial assets (current LCU)
- Net acquisition of financial assets (% of GDP)
- Central government debt, total (current LCU)
- Central government debt, total (% of GDP)
- Net incurrence of liabilities, total (current LCU)
- Net incurrence of liabilities, total (% of GDP)
- Net investment in nonfinancial assets (current LCU)
- Net investment in nonfinancial assets (% of GDP)
- Net lending (+) / net borrowing (-) (current LCU)
- Net lending (+) / net borrowing (-) (% of GDP)
- Grants and other revenue (current LCU)
- Grants and other revenue (% of revenue)
Reading data like this
Source
World Bank, World Development Indicators, GC.XPN.INTP.ZS, CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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