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% |