Africa Debt to GDP Ratio Ranking (2024)
In 2024, Debt to GDP Ratio in Africa was highest in Egypt at 82.90%, followed by Mauritius at 82.10% and South Africa at 76.90%. The average ratio across countries in Africa was 61.73%, the median was 65.50%, and Ethiopia recorded the lowest ratio at 32%, according to data from various central banks.
Data is available for the period 1990 to 2024 across 11 countries.
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 82.9% | 95.8% | 2024 | |
| 2 | 82.1% | 81.8% | 2024 | |
| 3 | 76.9% | 73.4% | 2024 | |
| 4 | 70.5% | 76.4% | 2024 | |
| 5 | 70% | 69.5% | 2024 | |
| 6 | 65.5% | 72% | 2024 | |
| 7 | 52.9% | 48.7% | 2024 | |
| 8 | 51.8% | 50.2% | 2024 | |
| 9 | 48.2% | 47.4% | 2024 | |
| 10 | 46.2% | 47.7% | 2024 | |
| 11 | 32% | 38% | 2024 |
Africa Debt to GDP Ratio Ranking (2024) : Definition
Debt to GDP Ratio is a measure of a country's debt compared to the size of its economy.