The United Arab Emirates tops the list with immigrants making up 88% of its total population.
Qatar follows closely with 87% of its residents being immigrants.
Kuwait (73%) and Bahrain (55%) also feature prominently, showing a regional trend where nationals are a minority and foreign workers form the economic backbone
Middle Eastern dominance in the top rankings highlights how the Gulf region’s economic model is heavily dependent on imported labor and expatriate populations.
Argentina, Egypt, and Ukraine were the IMF’s top three debtors as of June 26, 2024, accounting for $51 billion (46%) of the total debt. Egypt, Angola, and Kenya occupy the top three spots in Africa on the IMF’s debtors’ list.
As of December 2023, Kenya's public debt stood at Ksh11.14 trillion (approximately $76.8 billion). By June 2024, its debt to the IMF had increased by 245% from $744 million in August 2020.
This increase has coincided with protests in Kenya, where citizens opposed a proposed finance bill aiming to raise additional taxes to reduce the budget deficit and state borrowing.
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