Debt service (PPG and IMF only, % of exports of goods, services and) in Sub-Saharan Africa
Sub-Saharan Africa: Debt service (PPG and IMF only, % of exports of goods, services and) was 10.3% in 2024. ▼ Falling
Debt service (PPG and IMF only, % of exports of goods, services and) in Sub-Saharan Africa, 1994–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
The most recent figure for debt service (ppg and imf only, % of exports of goods, services and) in Sub-Saharan Africa is 10.3%, measured in 2024.
Compared with earlier readings it is up 4.5% on the previous year and up 128.8% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Sub-Saharan Africa peaked at 11.0% in 1998 and was at its lowest, 2.4%, in 2011.
Sub-Saharan Africa ranks 6th of 32 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Debt service (PPG and IMF only, % of exports of goods, services and) in Sub-Saharan Africa, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 10.2% | — |
| 1995 | 9.5% | -6.9% |
| 1996 | 10.5% | +11.0% |
| 1997 | 10.1% | -4.0% |
| 1998 | 11.0% | +9.3% |
| 1999 | 8.5% | -23.4% |
| 2000 | 9.3% | +10.2% |
| 2001 | 10.6% | +13.9% |
| 2002 | 7.5% | -29.1% |
| 2003 | 6.9% | -7.9% |
| 2004 | 5.7% | -17.6% |
| 2005 | 8.6% | +49.9% |
| 2006 | 7.3% | -15.2% |
| 2007 | 4.0% | -44.9% |
| 2008 | 3.3% | -18.1% |
| 2009 | 3.9% | +20.3% |
| 2010 | 2.5% | -36.2% |
| 2011 | 2.4% | -3.9% |
| 2012 | 3.3% | +35.3% |
| 2013 | 4.4% | +35.7% |
| 2014 | 4.5% | +1.8% |
| 2015 | 9.1% | +101.2% |
| 2016 | 7.9% | -12.9% |
| 2017 | 7.0% | -11.2% |
| 2018 | 9.8% | +39.6% |
| 2019 | 9.1% | -7.2% |
| 2020 | 10.8% | +18.2% |
| 2021 | 9.8% | -8.4% |
| 2022 | 8.6% | -12.2% |
| 2023 | 9.9% | +14.3% |
| 2024 | 10.3% | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.0% | 8.5% | 11.0% | 6 |
| 2000s | 6.7% | 3.3% | 10.6% | 10 |
| 2010s | 6.0% | 2.4% | 9.8% | 10 |
| 2020s | 9.9% | 8.6% | 10.8% | 5 |
Countries ranked near Sub-Saharan Africa
More external debt data for Sub-Saharan Africa
- IFC, private nonguaranteed 590.20 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4575 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0003 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 34.76 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.7% (2024)
- Net financial flows, IDA 11.51 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.92 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0058 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 3.82 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 8.9% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Sub-Saharan Africa?
- Debt service (ppg and imf only, % of exports of goods, services and) in Sub-Saharan Africa was 10.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Sub-Saharan Africa?
- The highest recorded value was 11.0% in 1998.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Sub-Saharan Africa?
- The lowest recorded value was 2.4% in 2011.
- How does Sub-Saharan Africa rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Sub-Saharan Africa ranks 6th out of 32 groups with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Sub-Saharan Africa?
- Over the last ten years it is up 128.8%. The long-run trend across the full record is falling.
- Where does this Sub-Saharan Africa data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.