Share of government spending going to interest payments in Dominican Republic

Dominican Republic: Share of government spending going to interest payments was 17.5% in 2023. ◆ Volatile

Latest (2023)
17.5%
Change on year
up 10.7%
World rank
17th
of 152 countries
All-time high
17.9%
in 2021
All-time low
0.8%
in 1988
Years of data
51
1972–2023

Share of government spending going to interest payments in Dominican Republic, 1972–2023

05101520197219972023

Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of expense.

Analysis

The most recent figure for share of government spending going to interest payments in Dominican Republic is 17.5%, measured in 2023.

Compared with earlier readings it is up 10.7% on the previous year and up 19.6% over ten years.

Over the whole period, share of government spending going to interest payments in Dominican Republic peaked at 17.9% in 2021 and was at its lowest, 0.8%, in 1988.

Dominican Republic ranks 17th of 152 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Share of government spending going to interest payments in Dominican Republic, year by year

Annual values for Share of government spending going to interest payments in Dominican Republic, 1972 to 2023.
Year % of expense Change
1972 1.1%
1973 1.8% +58.8%
1974 2.0% +12.1%
1975 1.8% -8.2%
1976 2.3% +27.8%
1978 2.4% +4.4%
1979 7.1% +192.4%
1980 6.9% -1.6%
1981 7.8% +12.0%
1982 7.6% -1.8%
1983 9.3% +21.4%
1984 6.8% -26.3%
1985 3.1% -53.9%
1986 1.1% -63.8%
1987 1.2% +5.9%
1988 0.8% -35.6%
1989 9.5% +1128.5%
1990 6.8% -29.1%
1991 10.7% +58.1%
1992 6.4% -40.4%
1993 11.7% +84.1%
1994 8.8% -24.7%
1995 9.1% +3.7%
1996 5.5% -39.4%
1997 3.9% -30.0%
1998 4.0% +3.2%
1999 4.7% +17.9%
2000 5.7% +20.5%
2001 5.9% +3.8%
2002 7.8% +31.7%
2003 11.7% +50.4%
2004 12.4% +6.3%
2005 8.5% -31.4%
2006 9.5% +11.2%
2007 8.5% -10.4%
2008 9.9% +16.2%
2009 12.2% +23.7%
2010 12.7% +4.1%
2011 14.5% +13.9%
2012 15.1% +4.5%
2013 14.6% -3.3%
2014 15.3% +4.6%
2015 15.1% -1.2%
2016 15.5% +2.2%
2017 15.3% -1.0%
2018 16.3% +6.2%
2019 15.7% -3.7%
2020 15.2% -3.0%
2021 17.9% +17.8%
2022 15.8% -11.6%
2023 17.5% +10.7%

Averages by decade

DecadeAverage LowestHighest Years
1970s 2.6% 1.1% 7.1% 7
1980s 5.4% 0.8% 9.5% 10
1990s 7.2% 3.9% 11.7% 10
2000s 9.2% 5.7% 12.4% 10
2010s 15.0% 12.7% 16.3% 10
2020s 16.6% 15.2% 17.9% 4

Countries ranked near Dominican Republic

  1. 14 Uganda 19.5% compare
  2. 15 Bahrain 18.9% compare
  3. 16 Bahamas 18.4% compare
  4. 18 Lao People's Democratic Republic 17.0% compare
  5. 19 Costa Rica 16.7% compare
  6. 20 Jordan 16.5% compare

See the full ranking of 152 places →

More reference data data for Dominican Republic

All data for Dominican Republic →

Frequently asked questions

What is share of government spending going to interest payments in Dominican Republic?
Share of government spending going to interest payments in Dominican Republic was 17.5% in 2023, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
What is the highest share of government spending going to interest payments recorded in Dominican Republic?
The highest recorded value was 17.9% in 2021.
What is the lowest share of government spending going to interest payments recorded in Dominican Republic?
The lowest recorded value was 0.8% in 1988.
How does Dominican Republic rank for share of government spending going to interest payments?
Dominican Republic ranks 17th out of 152 countries with data for 2023.
Is share of government spending going to interest payments rising or falling in Dominican Republic?
Over the last ten years it is up 19.6%. The long-run trend across the full record is volatile.
Where does this Dominican Republic data come from?
The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Share of government spending going to interest payments. Statizoid updates them automatically from the source API.

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Share of government spending going to interest payments in Dominican Republic. Statizoid, drawing on International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/share-of-government-expenditure-going-to-interest-payments/dominican-republic/

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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

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.