Which Government Pays the Most on Interest Payments?

Interest Payments on Government Debt (As % of Government Expense) (%), 2024 or latest
Economy | September 1, 2025
$2.99
Excel Sheet

Based on a comparison of 104 countries in 2024, Sri Lanka ranked the highest in interest payments on government debt as a share of government expense with 49.4% followed by Ghana and Malawi. On the other end of the scale was East Timor with 0.133%, Somalia with 0.339% and Singapore with 0.440%.

Data for more countries are available at Interest Payments on Government Debt (As % of Government Expense) indicator page.

Interest Payments on Government Debt (As % of Government Expense) Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Bahamas % 10.9% 14.1% 13.4% 12.9% 14.2%
Brazil % 27.1% 26.7% 22.5% 16.2% 22.6%
Costa Rica % 10.1% 11.9% 13.8% 14.6% 15.4%
Dominican Republic % 15.3% 16.3% 15.7% 15.2% 17.9%
Ghana % 29.8% 29.1% 31.7% 28.7% 35.0% ...
India % 19.8% 19.4% ... ... ... ...
Jordan % 11.3% 12.4% 13.4% 14.2% 15.0%
Kenya % 11.1% 14.8% 19.6% 20.5% 17.5%
Laos % ... ... ... 11.0% 13.8% 14.2% 13.3% 11.0% ...
Malawi % ... ... ... ... ... ... 21.4% 17.6% 18.5% 18.0% 20.3% ...
Mexico % ... ... ... ... ... 13.3% 13.4% 13.2% 13.3% 13.9%
Philippines % 13.8% 13.5% 12.5% 10.8% 11.6%
Sri Lanka % 33.3% 36.3% 35.6% 32.9% 34.1%
Togo % ... 11.4% 13.2% 15.6% 16.3% 16.0%
Uganda % 19.3% 15.9% 14.1% 15.4% 17.5%