Sudan, Cabo Verde, Mozambique, Republic of the Congo, and Egypt have been listed as countries with the highest debt to GDP ratio in the African continent.
This came in a report by Yahoo Finance which listed 30 countries with the highest debt to GDP ratio. The report noted that Emerging economies and low-income economies are the most affected by debt vulnerabilities.
Sudan was ranked the second most indebted nation globally with a GDP of 117.09 billion dollars and a debt-to-GDP ratio of 238.8.
The small island nation of Cabo Verde was the 12th globally with a debt to GDP ratio of 109.7 and a GDP of only 6.1 billion dollars.
In the 21st rank, Mozambique had a debt-to-GDP ratio of 92.4, with the country’s GDP at 57.65 billion dollars.
The republic of the Congo took the 24th place with a debt to GDP ratio of 91 and a GDP of 29.9 billion dollars.
Egypt, one of the largest African economies, came 27th with a debt to GDP ratio of 88.1 and a GDP of 1.92 trillion dollars.
