October 19, 2021
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As of 2021, the total external public debt in Africa amounted to 726.55 billion U.S Dollars, and only West Africa recorded about 164 billion U.S. dollars. Compared to the previous year, the amount of foreign public debt increased from 696.69 billion U.S. dollars. To break them down into countries, Nigeria and Ghana recorded the highest levels of debt in West Africa. Thus, approximately 79.54 billion US dollars. However, Gambia and Guinea-Bissau registered the lowest values, at 823 million US dollars and 381m US dollars respectively. Overall in Africa, a total external public debt of around 727 billion US dollars was reached at the same date.
The total external public debt in West Africa from the entire Africa amounted to around 164 billion U.S. dollars as of 2021. Nigeria and Ghana recorded the highest levels of debt in the region, at approximately 79.54 billion US dollars and 21.91 billion USD respectively. External debt is the portion of a country's debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions.
See below, the total external public debt of countries in West Africa:
1. Nigeria - 79,536 billion US dollars
2. Ghana - 21,907 billion US dollars
3. Cote D'Ivoire - 19,521 billion US dollars
5. Senegal - 13,665 billion US dollars
6. Mali - 5,128 billion US dollars
7. Guinea - 4,859 billion US dollars
8. Niger - 4,220 billion US dollars
9. Benin - 3,814 billion US dollars
10. Burkina Faso - 3,732 billion US dollars
11. Cape Verde - 1,951 billion US dollars
12. Sierra Leone - 1,826 billion US dollars
13. Togo - 1,426 billion US dollars
14. Liberia - 1,360 billion US dollars
15. Gambia - 823 billion US dollars
16. Guinea-Bissau - 382 billion US dollars
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