Global investors often take into account a country’s debt-to-GDP ratio when making investment decisions. A lower ratio is more attractive to investors because it indicates a lower risk of default, which could lead to lower interest rates on government bonds.
However, the following are the African countries with the highest debt-to-GDP ratio. This list below is provided by Trading Economics, a data platform that offers its clients accurate data on 196 countries, including historical data and forecasts for more than 20 million economic indicators, currency rates, stock market indices, government bond yields, and commodity prices.
The list also highlights numbers dating back to December 2022.
Rank | nation | Debt to GDP ratio |
1. | Eritrea | 164% |
2. | green head | 127% |
3. | Mozambique | 101% |
4. | Republic of the Congo | 99.57% |
5. | Sierra Leone | 98.8% |
6. | Ghana | 88.8% |
7. | Egypt | 87.2% |
8. | Gambia | 80.8% |
9. | Senegal | 75% |
10. | Morocco | 71.6% |