Average interest on new external debt commitments (%)
Definition: Interest represents the average interest rate on all new public and publicly guaranteed loans contracted during the year. To obtain the average, the interest rates for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity.
Description: The map below shows how Average interest on new external debt commitments (%) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Montenegro, with a value of 6.08. The country with the lowest value in the world is Eritrea, with a value of 0.00.
Source: World Bank, International Debt Statistics.