Interest Payments on Government Debt (As % of Government Expense) rose to 11.3% in Laos in 2017

Interest Payments on Government Debt (As % of Government Expense) (%)
Economy | Laos | May 17, 2019
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Interest payments on government debt as a share of government expense reached 11.3 % in 2017 in Laos, according to the National Statistical Office. This is 46.5 % more than in the previous year.

Historically, interest payments on government debt as a share of government expense in Laos reached an all time high of 11.3 % in 2017 and an all time low of 4.61 % in 2009. When compared to Laos's main peers, interest payments on government debt as a share of government expense in Cambodia amounted to 2.25 % and 5.01 % in Thailand in 2017.

Laos has been ranked 19th within the group of 103 countries we follow in terms of interest payments on government debt as a share of government expense, 53 places above the position seen 10 years ago.

Interest payments include interest payments on government debt including long-term bonds, long-term loans, and other debt instruments to domestic and foreign residents.

Interest Payments on Government Debt (As % of Government Expense) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cambodia % 2.42% 2.81% 2.81% 2.72% 2.52%
China % ... ... ... ... 3.23% 2.49% 3.16% ...
India % 18.3% 19.5% 19.5% ... ... ... ...
Japan % 9.22% 9.33% 9.26% 9.44% 9.48%
Laos % 5.92% 6.59% 6.37% 5.32% 6.45%
Malaysia % 9.85% 9.59% 9.90% 10.4% 11.3%
Myanmar % ... ... ... 12.6% 9.45% 8.17% 7.00%
Russia % 1.94% 2.03% 2.12% 2.07% 2.66%
Thailand % 6.08% 6.07% 5.77% 5.73% 5.30%
USA % 10.8% 10.9% 10.8% 11.0% 10.5%
Vietnam % 5.83% 6.05% 7.00% ... ... ... ...