St. Kitts and Nevis Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
St. Kitts and Nevis's interest payments to revenue was 2.66% in 2020, ranked 35th globally. This represents a 45.6% decrease from 2019. Data from World Bank, covering 1990–2020.
Overview
St. Kitts and Nevis's interest payments to revenue stood at 2.66% in 2020, a decline of +2.23pp from 2017. St. Kitts and Nevis ranked 35th globally.
St. Kitts and Nevis has experienced a significant decline in interest payments to revenue over the years, with the latest value standing at 2.66% in 2020, ranking 35th globally. This is a substantial decrease from its all-time peak of 23.32% in 2010, during a period of heightened global economic uncertainty. In comparison to its peers, St. Kitts and Nevis has a slightly higher ratio than the Russian Federation, which had an interest payment to revenue ratio of 2.36% in 2020, but lower than that of Burundi, at 2.74%. The country's ability to manage its debt and reduce interest payments has contributed to this decline. As the country continues to navigate its fiscal policy, a potential increase in borrowing costs or a shift in economic conditions could alter the trajectory of this trend, potentially affecting the country's future interest payments to revenue ratio.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2020 | 2.66% | −2.23pp | #35 |
| 2017 | 4.88% | −16.16pp | #62 |
| 2016 | 21.05% | +16.02pp | #132 |
| 2015 | 5.02% | −3.11pp | #66 |
| 2014 | 8.13% | −0.31pp | #94 |
| 2013 | 8.44% | −5.60pp | #88 |
| 2012 | 14.04% | −3.47pp | #118 |
| 2011 | 17.51% | −5.82pp | #117 |
| 2010 | 23.32% | +2.93pp | #118 |
| 2009 | 20.39% | −2.07pp | #114 |
| 2008 | 22.46% | +12.70pp | #111 |
| 2007 | 9.77% | −1.04pp | #82 |
| 2006 | 10.80% | −0.19pp | #81 |
| 2005 | 10.99% | +2.97pp | #75 |
| 2004 | 8.02% | −0.61pp | #57 |
Detected Pattern
Analysis
St. Kitts and Nevis matched the Fiscal Dominance Trap pattern in 1981. Historically, 72% of countries showing this pattern (278 out of 386) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
St. Kitts and Nevis's interest payments to revenue was 2.66% in 2020. Ranked 35th globally. This represents a 45.6% decrease from the previous year.
St. Kitts and Nevis's interest payments to revenue peaked at 23.32% in 2010.
The lowest interest payments to revenue in St. Kitts and Nevis was 2.66% in 2020.
St. Kitts and Nevis ranks 35th globally in interest payments to revenue as of 2020.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
The interest payments to revenue of St. Kitts and Nevis in 2020 was 2.66%. This ranks 35th in the world.
Cite this page
@misc{historysaid_st-kitts-and-nevis_interest-to-revenue,
title = {St. Kitts and Nevis Interest Payments to Revenue},
url = {https://historysaid.com/st-kitts-and-nevis/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}