Debt - Intelpoint

Algeria’s debt service per GDP dropped from 0.77% in 2009 to a projected 0.09% in 2025.
The country’s debt service per GDP declined at a -11.9% CAGR from 2009–2025.
A high of 0.73% occurred in 2012 before the consistent decline resumed.
By 2015, the country's debt service fell to 0.27%, showing progress in reduction.
The lowest point is forecast for 2025, at 0.09% of GDP.
Algeria’s debt burden is among the lowest in Africa, contrasting with the rising trend in many other nations.
This low debt service level allows for greater fiscal flexibility in public spending and investment.

Nigeria's debt service per GDP rose from 0.9% in 2009 to a projected 15.1% in 2025.
Overall CAGR from 2009 to 2025 is 17.8%.
President Muhammadu Buhari’s tenure saw the fastest growth (29.1% CAGR).
Under President Goodluck Jonathan, growth was slower (6.5% CAGR).
President Bola Ahmed Tinubu’s term so far shows a 27.6% CAGR.

Debt service in Angola hit 68.3% of GDP in 2024.
Even with a projected fall to 67.7% in 2025, the debt burden remains high.
Between 2009 and 2025, the debt service ratio grew at a CAGR of 11.2%.
The ratio stayed below 15% from 2009 to 2014 before surging to 41.9% in 2016.
Angola has faced multiple spikes above 50% since 2019, showing recurring debt strain.
The sharp drop to 31.2% in 2022 was short-lived, followed by a steep increase.

Guinea-Bissau showed the highest agricultural contribution to its GDP at 36.8% in 2024.
Contributions range widely, with high reliance seen in Comoros (36.6%) and Ethiopia (34.9%), contrasting with lower percentages in DR Congo (17.1%) and Angola (16.4%).
Agriculture, forestry, and fishing contributed a notable 20.4% to Nigeria's GDP in 2024.
Countries with high agricultural GDP contributions are predominantly located in West and East Africa.

Burkina Faso's GDP per capita rose from $248.9 in 2000 to an estimated $987.3 in 2024, marking a nearly 297% increase over 25 years.
The country saw its largest single-year jump between 2007 and 2008, rising $104.7 from $514.7 to $619.4.
Economic downturns were visible in 2009 (-2.9%), 2015 (-17.6%), and 2022 (-6.6%), showing vulnerability to shocks.
Since 2020, GDP per capita has grown 19.6%, with 2024 recording the highest value in the dataset.

Sudan’s debt-to-GDP ratio of 238.8% is the highest in Africa and over twice the size of its economy.
Three African countries—Sudan, Cabo Verde, and Zambia—have debt burdens exceeding 100% of their GDP.
Egypt, Mozambique, and the Congo Republic follow closely with ratios above 88% each, despite efforts at economic reform.
Ghana and Sierra Leone are also in the top 10, showing that West Africa isn’t exempt from debt pressure.
Nigeria, while not in the top 10, has a debt-to-GDP ratio of 41.3% and ranks 43rd in Africa.
A high debt-to-GDP ratio often limits a country’s ability to invest in growth-driving sectors, even if the economy is growing nominally.

DR Congo has the lowest debt-to-GDP ratio in Africa, at just 11.1%.
Africa’s average debt-to-GDP ratio stands at 63.2%, meaning most countries on the bottom 10 list are performing better than the continental average.
Nigeria, despite its size and challenges, still maintains a relatively moderate debt load of 41.3%.
Botswana’s debt ratio of 18.1% places it among Africa’s most fiscally conservative economies.
Ethiopia and Guinea, both undergoing major economic transitions, still keep debt levels below 32%.
The presence of both low-income and resource-rich countries on the list shows that low debt isn’t exclusive to one economic model.

Nigeria’s GDP per capita stayed above the Sub-Saharan African average from 2002 to 2023.
In 2014, Nigeria peaked at $3,088.7, far ahead of the region’s $1,886.5.
The post-2014 oil crash triggered a prolonged economic slide for Nigeria.
By 2023, Nigeria ($1,596.6) and Sub-Saharan Africa ($1,580.8) were nearly identical.
In 2024, Nigeria fell sharply to $806.9, $710 below the regional average of $1,516.4, its widest gap in over two decades.

1 2 3 … 8 Next