Home / Uncategorized / Africa’s top 10 most indebted countries according to World Bank revealed – The amount Nigeria owes will sh0ck you

Africa’s top 10 most indebted countries according to World Bank revealed – The amount Nigeria owes will sh0ck you

Most indebted countries: Being in debt is such an uncomfortable position to be as a person, company or a country.  Debt is nearly inevitable, and despite Africa’s fast-growing economy rate, there are countries which owe billions or even trillions of dollars, making them the most Indebted African Countries. Below are the top 10 indebted countries in Africa, according to World Bank and CIA World Factbook with information regarding the external debt of each country. External debt is the total public and private debt owed to nonresidents, repayable in internationally accepted currencies goods or services. The number one country will shock many people.

The country recorded a government debt equivalent to 50.10%t of the country’s GDP in 2015. The debt of the Government to GDP in South Africa was an average of 37.89 percent from 2000 until 2015.  The highest was  50.10 percent in 2015, and the lowest was 27.80 percent in 2008.

External debt is the total public and private debt owed to nonresidents, repayable in internationally accepted currencies goods or services. The number one country will shock many people.

About ogaboss

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: