20 African countries with the highest debt-to-GDP ratio.
More than half of the world’s low-income nations, the majority of which are in Africa, are either already experiencing debt distress or are at risk of experiencing it, according to a recent World Bank research.
Moreover, Ghana, Kenya, Ethiopia, Zambia, and Angola were recently named by Standard Bank Group as African nations that may soon face significant debt difficulties.
The 20 African nations with the greatest debt-to-GDP ratios are shown below. This list was provided courtesy of a Statista report from December 2021.
You should be aware that the Gross Domestic Product (GDP) quantifies the total monetary worth of all goods and services generated in a nation over a specific time period.
Therefore, decision-makers and multilateral lenders can gain trustworthy insight/understanding about the country’s capacity with regard to repaying its debts by comparing the ratio of a country’s public debt to its GDP.
The precise amounts of these countries’ public debts were not released, but as you can see here, the ratio of debt to GDP is plainly stated.
- Cape Verde – 140.1%
- Mozambique – 117.2%
- Sao Tome and Principe – 110.8%
- Sudan – 92.2%
- The Gambia – 85.1%
- Zimbabwe – 84.6%
- Eritrea – 80.9%
- Djibouti – 78.6%
- Congo, Republic of – 77.6%
- Ghana – 76.9%
- Chad – 76.5%
- Cameroon – 76.1%
- South Sudan – 73.2%
- Egypt, Arab Rep. – 70.2%
- Angola – 70.0%
- Zambia – 69.9%
- Mauritania – 67.4%
- Cabo Verde – 65.4%
- Tunisia – 64.2%
- Liberia – 61.9%
It’s important to note that the debt-to-GDP ratio can fluctuate over time and is influenced by a variety of factors, including economic growth, government spending, and borrowing patterns.
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