Canada vs Italy: Share of government spending going to interest payments
Canada
7.6%
in 2023
Italy
7.6%
in 2023
Canada rank
72nd
Italy rank
71st
Share of government spending going to interest payments over time
- Canada
- Italy
How they compare
Italy currently reports 7.6% against 7.6% in Canada, a difference of 0.0%.
The two have swapped places 3 times across 34 shared years of data; in 1990 it was Canada ahead.
Canada ranks 72nd and Italy ranks 71st of 152 countries.
Across the 4 decades both report, Canada averaged higher in 2 and Italy in 2.
Head to head by decade
| Decade | Canada | Italy | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.9% | 21.0% | 1.9% | Canada |
| 2000s | 14.7% | 12.3% | 2.4% | Canada |
| 2010s | 7.4% | 9.7% | 2.2% | Italy |
| 2020s | 5.4% | 7.5% | 2.1% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher share of government spending going to interest payments, Canada or Italy?
- Italy, at 7.6% against 7.6% in Canada as of 2023.
- What is the difference in share of government spending going to interest payments between Canada and Italy?
- 0.0%, with Italy ahead.
- How many years of comparable data are there for Canada and Italy?
- 34 years are reported by both, from 1990 to 2023.
- How do Canada and Italy rank globally for share of government spending going to interest payments?
- Canada ranks 72nd and Italy ranks 71st 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.