How many years of comparable data are there for Guinea-Bissau and Iceland?

7 years are reported by both, from 2017 to 2023.

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.

Guinea-Bissau vs Iceland: Share of government spending going to interest payments

Guinea-Bissau

14.9%

in 2023

Iceland

14.7%

in 2023

Guinea-Bissau rank

28th

Iceland rank

29th

Share of government spending going to interest payments over time

Guinea-Bissau
Iceland

How they compare

Guinea-Bissau currently reports 14.9% against 14.7% in Iceland, a difference of 0.2%.

The two have swapped places 1 time across 7 shared years of data; in 2017 it was Iceland ahead.

Guinea-Bissau ranks 28th and Iceland ranks 29th of 152 countries.

Iceland has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Guinea-Bissau	Iceland	Difference	Ahead
2010s	5.2%	15.0%	9.7%	Iceland
2020s	10.3%	12.5%	2.2%	Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher share of government spending going to interest payments, Guinea-Bissau or Iceland?: Guinea-Bissau, at 14.9% against 14.7% in Iceland as of 2023.
What is the difference in share of government spending going to interest payments between Guinea-Bissau and Iceland?: 0.2%, with Guinea-Bissau ahead.
How many years of comparable data are there for Guinea-Bissau and Iceland?: 7 years are reported by both, from 2017 to 2023.
How do Guinea-Bissau and Iceland rank globally for share of government spending going to interest payments?: Guinea-Bissau ranks 28th and Iceland ranks 29th 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.

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Guinea-Bissau vs Iceland: Share of government spending going to interest payments. Statizoid, drawing on International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Retrieved 02 September 2026, from https://reference.statizoid.com/compare/share-of-government-expenditure-going-to-interest-payments/guinea-bissau/iceland/

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<a href="https://reference.statizoid.com/compare/share-of-government-expenditure-going-to-interest-payments/guinea-bissau/iceland/">Guinea-Bissau vs Iceland: Share of government spending going to interest payments</a> — Statizoid

About this data

Indicator: Share of government spending going to interest payments
Unit: % of expense
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 152 places, 4,278 data points, 1972–2024
Last refreshed: 28 August 2026

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.