Azerbaijan vs Latvia: Share of government spending going to interest payments
Azerbaijan
2.1%
in 2022
Latvia
1.9%
in 2023
Azerbaijan rank
125th
Latvia rank
128th
Share of government spending going to interest payments over time
- Azerbaijan
- Latvia
How they compare
Azerbaijan currently reports 2.1% against 1.9% in Latvia, a difference of 0.2%.
That makes Azerbaijan's figure about 1.1 times Latvia's.
The two have swapped places 7 times across 21 shared years of data; in 1994 it was Latvia ahead.
Azerbaijan ranks 125th and Latvia ranks 128th of 152 countries.
Across the 4 decades both report, Azerbaijan averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | Azerbaijan | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.6% | 2.6% | 1.0% | Latvia |
| 2000s | 0.7% | 2.5% | 1.8% | Latvia |
| 2010s | 2.0% | 3.9% | 1.9% | Latvia |
| 2020s | 2.3% | 1.5% | 0.8% | Azerbaijan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher share of government spending going to interest payments, Azerbaijan or Latvia?
- Azerbaijan, at 2.1% against 1.9% in Latvia as of 2022.
- What is the difference in share of government spending going to interest payments between Azerbaijan and Latvia?
- 0.2%, with Azerbaijan ahead.
- How many years of comparable data are there for Azerbaijan and Latvia?
- 21 years are reported by both, from 1994 to 2022.
- How do Azerbaijan and Latvia rank globally for share of government spending going to interest payments?
- Azerbaijan ranks 125th and Latvia ranks 128th of 152 countries.
- Where does this data come from?
- International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as Share of government spending going to interest payments. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Interest expenditures on government debt, as share of total central government expenditures. Interest expenditures on government debt include payments on long-term bonds, long-term loans, and other debt instruments.