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Africa’s World Bank debt reached $125 billion in 2022: Which country owes the most?

As of 2022, the top five African countries indebted to the World Bank — Nigeria, Egypt, Ethiopia, Kenya, and Tanzania — accounted for 46% of the continent's outstanding debt with the institution. Forty-eight African countries collectively owed around $125 billion, representing 31% of the total global debt of $408 billion. These are the top ten countries from 1970 to 2022.

Nigeria and South Africa have been among Africa’s top three economies since 1960

Over the past six decades, African economies have experienced both rapid growth and severe contractions. Nigeria and South Africa, often considered the continent’s economic heavyweights, have consistently ranked among Africa's top three economies since 1960. North African Libya, Algeria and Egypt have also been in the top three in the period. As of 2023, Egypt led the continent's GDP rankings.

Nigeria, Egypt, and Morocco have consistently led Africa's remittance receipts since 2000

Nigeria, Egypt, and Morocco have consistently led Africa's diaspora remittance, contributing 67% of the continent's total inflows since 2000. In 2023, African nations received $94.78 billion, with Egypt, Nigeria, and Morocco leading. Here are the top ten countries since 2000.

Nigeria ranks 7th in the world for child displacement due to conflict

As of December 2023, 28.6 million internally displaced people affected by conflict were under the age of 18, accounting for 38% of the global IDP population. Conflict-ravaged Sudan has the most internally displaced children globally, with 4.25 million under the age of 18. DR Congo and Syria follow with 3.57 million and 2.65 million displaced children, respectively. Nigeria's 1.65 million displaced children make it the 7th highest globally for child displacement due to conflict.

Five African countries accounted for 61% of the continent's daily oil consumption in 2022

In 2022, Egypt, South Africa, Nigeria, Algeria, and Morocco collectively consumed an average of 2.712 million barrels of oil per day (Mb/d), 61% of the continent's daily oil consumption (4.478 Mb/d). African countries consumed 4.7% of the global usage (99.8 Mb/d). Egypt used the most (850.5 thousand barrels per day (Kb/d)), followed by South Africa (601.2 Kb/d) and Nigeria (514.5 Kb/d).

16.3% of African-born immigrants living in the US in 2022 were Nigerians

In 2022, the US hosted a diverse African immigrant community, totaling over 2.75 million. Nigerians make up the largest group at 448,405 (16.3%), followed by Ethiopians (10.6%), Egyptians (8.3%), and Ghanaians (7.8%).

Africa and Asia most affected by lack of drinking water in children's schools

A recent UNICEF report shows that 293m children worldwide did not have drinking water in their schools in 2023. Six African and four Asian countries make up the top ten, with Ethiopia and Nigeria occupying first and second positions, respectively, with 33.2m and 29m children. The top five countries account for 42% of the total affected population.

Top 15 inflation rates in the world; Nigeria ranks 13th globally, with an inflation rate of 31.7%

Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024. The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

Only 3 African countries had 100% access to electricity as of 2021

Only 8% of South Sudan's population had access to electricity as of 2021, representing Africa's lowest percentage. Although eight countries boasted between 90% and 100% access to electricity, more than 50% of the population of 24 other countries were without electricity.

Chad and Nigeria had the lowest life expectancies in Africa as of 2023

The African countries with the highest life expectancies as of 2023 are: Algeria - 77 years, Tunisia - 77 years, Cape Verde - 77 years, Mauritius - 76 years. The African countries with the lowest life expectancies: Central African Republic - 55 years, Lesotho - 55 years, Nigeria - 54 years, Chad - 54 years.

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