India - Debt Service 2023
10.16%
+1.90% from 2022
India's debt service was 10.16% in 2023, increased +1.90% from 8.27% in 2022. This was the 41st highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Iran, Islamic Republic of | 0.33% | 103.6% |
| 2nd | Algeria | 0.76% | 77.4% |
| 3rd | Somalia, Fed. Rep. | 1.23% | 14.6% |
| 4th | Congo, Democratic Republic of | 1.63% | -47.3% |
| 5th | Djibouti | 1.64% | 24.7% |
| 6th | Timor-Leste | 2.06% | 164.1% |
| 7th | Guinea | 2.58% | 9.7% |
| 8th | Guyana | 2.65% | 116.7% |
| 9th | Botswana | 3.67% | 90.0% |
| 10th | Iraq | 3.99% | 10.6% |
| 11th | St. Lucia | 4.66% | 20.1% |
| 12th | Solomon Islands | 4.88% | 102.4% |
| 13th | São Tomé and Principe | 5.08% | -29.5% |
| 14th | Vanuatu | 5.46% | -10.8% |
| 15th | Mali | 5.54% | 8.4% |
| 16th | Kosovo | 5.66% | -26.1% |
| 17th | Azerbaijan | 5.86% | 78.3% |
| 18th | Madagascar | 6.10% | 33.8% |
| 19th | Haiti | 6.36% | 152.4% |
| 20th | Grenada | 6.59% | -10.1% |
| 21st | Myanmar | 6.99% | -0.5% |
| 22nd | Belize | 7.35% | 31.9% |
| 23rd | Gambia, The | 7.49% | -49.2% |
| 24th | Viet Nam | 7.54% | 11.5% |
| 25th | Eswatini | 7.86% | 105.1% |
| 26th | Mexico | 8.15% | -5.4% |
| 27th | Zambia | 8.22% | -30.0% |
| 28th | Mauritius | 8.45% | 94.0% |
| 29th | Chad | 8.46% | 10.8% |
| 30th | Albania | 8.54% | -7.0% |
| 31st | Lesotho | 8.92% | 81.1% |
| 32nd | Fiji | 9.10% | 15.0% |
| 33rd | Morocco | 9.20% | -9.0% |
| 34th | Mauritania | 9.42% | 17.1% |
| 35th | Paraguay | 9.56% | -32.1% |
| 36th | Liberia | 9.64% | 42.6% |
| 37th | Cambodia | 9.65% | -8.6% |
| 38th | Malawi | 9.71% | 6.1% |
| 39th | Central African Republic | 10.09% | 71.0% |
| 40th | Maldives | 10.13% | -25.2% |
| 41st | India | 10.16% | 22.9% |
| 42nd | Tajikistan | 10.30% | 12.8% |
| 43rd | Samoa | 10.35% | -49.5% |
| 44th | Bulgaria | 10.74% | -24.2% |
| 45th | Burundi | 10.96% | 19.2% |
| 46th | Tonga | 11.05% | 0.6% |
| 47th | Togo | 11.09% | -5.2% |
| 48th | St. Vincent and the Grenadines | 11.10% | -6.6% |
| 49th | Sierra Leone | 11.24% | 12.1% |
| 50th | Comoros | 11.54% | 323.5% |
| 51st | Burkina Faso | 11.67% | -33.6% |
| 52nd | China | 11.83% | 4.4% |
| 53rd | Nepal | 11.87% | 16.2% |
| 54th | Thailand | 11.96% | 50.7% |
| 55th | Serbia | 12.04% | -19.8% |
| 56th | Ukraine | 12.21% | -9.0% |
| 57th | Philippines | 12.26% | 42.8% |
| 58th | Bangladesh | 12.59% | 12.1% |
| 59th | Russian Federation | 12.74% | -14.9% |
| 60th | Lao PDR | 12.81% | -17.3% |
| 61st | Congo, Republic of | 13.29% | -2.5% |
| 62nd | Guatemala | 13.30% | -37.1% |
| 63rd | Bosnia and Herzegovina | 13.53% | 71.2% |
| 64th | Niger | 14.10% | -22.5% |
| 65th | Bolivia, Plurinational State of | 14.21% | -12.7% |
| 66th | Guinea-Bissau | 15.08% | -16.7% |
| 67th | Cabo Verde | 15.17% | 26.7% |
| 68th | Ghana | 15.28% | -30.9% |
| 69th | Rwanda | 15.32% | 33.3% |
| 70th | Nigeria | 15.39% | 27.9% |
| 71st | Tanzania | 15.56% | -5.2% |
| 72nd | Bhutan | 15.61% | -3.6% |
| 73rd | Sri Lanka | 16.07% | -20.8% |
| 74th | Belarus | 16.13% | 14.7% |
| 75th | Jordan | 16.24% | -29.7% |
| 76th | South Africa | 16.50% | -11.4% |
| 77th | North Macedonia | 17.00% | 61.6% |
| 78th | Honduras | 17.10% | 0.0% |
| 79th | Peru | 17.11% | 78.5% |
| 80th | Armenia | 17.81% | 1.6% |
| 81st | Benin | 18.10% | 60.6% |
| 82nd | Dominican Republic | 18.93% | 33.4% |
| 83rd | Moldova | 19.09% | 88.8% |
| 84th | Montenegro | 19.14% | -18.2% |
| 85th | Zimbabwe | 19.52% | 220.8% |
| 86th | Côte d'Ivoire | 20.05% | 55.3% |
| 87th | Cameroon | 20.15% | -2.1% |
| 88th | Indonesia | 20.28% | -13.0% |
| 89th | Nicaragua | 20.74% | -12.6% |
| 90th | Georgia | 20.85% | -0.7% |
| 91st | Türkiye | 20.91% | 6.2% |
| 92nd | Kenya | 21.11% | 16.5% |
| 93rd | Dominica | 22.75% | 8.4% |
| 94th | Ecuador | 22.89% | 58.5% |
| 95th | Tunisia | 24.12% | 2.2% |
| 96th | Suriname | 25.06% | 70.3% |
| 97th | Kyrgyz Republic | 27.40% | 64.2% |
| 98th | Uganda | 29.97% | 78.0% |
| 99th | Senegal | 30.24% | 67.3% |
| 100th | Egypt, Arab Republic of | 30.39% | 31.4% |
| 101st | Mongolia | 31.63% | -10.5% |
| 102nd | Uzbekistan | 32.61% | 9.0% |
| 103rd | Angola | 33.45% | 10.1% |
| 104th | Lebanon | 34.50% | 20.2% |
| 105th | Colombia | 36.72% | 8.6% |
| 106th | Jamaica | 38.04% | 68.3% |
| 107th | Papua New Guinea | 42.24% | 41.6% |
| 108th | Pakistan | 43.60% | 3.7% |
| 109th | Mozambique | 46.16% | -22.0% |
| 110th | Kazakhstan | 50.26% | -1.8% |
| 111th | Argentina | 51.36% | 62.1% |
| 112th | Brazil | 53.54% | 79.1% |
| 113th | El Salvador | 83.07% | 158.4% |
FAQ
What was India's debt service in 2023?▾
India's debt service in 2023 was 10.16%. This ranked 41st globally.
How did India's debt service change in 2023?▾
India's debt service increased by 22.9% in 2023 compared to 2022.
Which country had the highest debt service in 2023?▾
El Salvador had the highest debt service in 2023 at 83.07%.
What is the debt service of India in 2023?▾
The debt service of India in 2023 was 10.16%. This ranked 41st globally.
How does 2023 compare to 2022 for India's debt service?▾
India's debt service went from 8.27% in 2022 to 10.16% in 2023, a 22.9% increase.
Related
2022
2024
All years
Full ranking 2023
External Debt
External Debt to GNI
Short-term Debt
Domestic Credit
Interest Payments to Revenue
Peak: 1986
Lowest: 2009
Debt Service 1990s
Debt Service 2000s
Debt Service 2010s
Debt Service 2020s
Highest ever
Lowest ever
Average
vs Cambodia
vs Kyrgyz Republic
vs Bangladesh
vs Angola
G20 Debt Service
BRICS+ Debt Service
Shanghai Cooperation Organisation Debt Service
Global Ranking