Public and publicly guaranteed debt service in Africa Western and Central
Africa Western and Central: Public and publicly guaranteed debt service was 2.5% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Africa Western and Central, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for public and publicly guaranteed debt service in Africa Western and Central is 2.5%, measured in 2024.
The figure is up 52.1% on the previous year and up 359.9% over ten years.
Over the whole period, public and publicly guaranteed debt service in Africa Western and Central peaked at 5.1% in 1994 and was at its lowest, 0.4%, in 2012.
That places Africa Western and Central 7th out of 32 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Public and publicly guaranteed debt service in Africa Western and Central, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.3% | — |
| 1971 | 1.3% | +3.2% |
| 1972 | 1.3% | -2.9% |
| 1973 | 1.6% | +21.8% |
| 1974 | 1.5% | -0.4% |
| 1975 | 1.9% | +22.5% |
| 1976 | 2.1% | +9.6% |
| 1977 | 2.4% | +17.2% |
| 1978 | 3.0% | +22.4% |
| 1979 | 3.6% | +19.4% |
| 1980 | 4.1% | +14.1% |
| 1981 | 4.4% | +9.0% |
| 1982 | 4.5% | +1.2% |
| 1983 | 4.0% | -10.8% |
| 1984 | 3.8% | -5.4% |
| 1985 | 3.5% | -8.8% |
| 1986 | 4.6% | +33.6% |
| 1987 | 4.1% | -11.7% |
| 1988 | 3.8% | -6.5% |
| 1989 | 3.2% | -15.5% |
| 1990 | 3.5% | +9.6% |
| 1991 | 3.3% | -5.8% |
| 1992 | 2.8% | -15.0% |
| 1993 | 2.6% | -7.3% |
| 1994 | 5.1% | +93.4% |
| 1995 | 4.3% | -14.8% |
| 1996 | 4.6% | +6.9% |
| 1997 | 3.9% | -14.6% |
| 1998 | 4.0% | +0.8% |
| 1999 | 4.1% | +4.1% |
| 2000 | 3.9% | -6.8% |
| 2001 | 2.7% | -29.8% |
| 2002 | 2.6% | -4.9% |
| 2003 | 2.0% | -21.5% |
| 2004 | 1.9% | -6.2% |
| 2005 | 1.5% | -22.1% |
| 2006 | 1.1% | -25.7% |
| 2007 | 1.7% | +59.4% |
| 2008 | 1.0% | -41.7% |
| 2009 | 0.6% | -40.1% |
| 2010 | 0.4% | -27.1% |
| 2011 | 0.4% | -2.6% |
| 2012 | 0.4% | -14.5% |
| 2013 | 0.5% | +47.6% |
| 2014 | 0.6% | +0.4% |
| 2015 | 0.6% | +0.2% |
| 2016 | 0.8% | +45.1% |
| 2017 | 1.1% | +32.0% |
| 2018 | 1.2% | +11.6% |
| 2019 | 1.0% | -14.0% |
| 2020 | 1.2% | +18.9% |
| 2021 | 1.3% | +10.6% |
| 2022 | 1.3% | -0.1% |
| 2023 | 1.7% | +24.9% |
| 2024 | 2.5% | +52.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.0% | 1.3% | 3.6% | 10 |
| 1980s | 4.0% | 3.2% | 4.6% | 10 |
| 1990s | 3.8% | 2.6% | 5.1% | 10 |
| 2000s | 1.9% | 0.6% | 3.9% | 10 |
| 2010s | 0.7% | 0.4% | 1.2% | 10 |
| 2020s | 1.6% | 1.2% | 2.5% | 5 |
Countries ranked near Africa Western and Central
More external debt data for Africa Western and Central
- IFC, private nonguaranteed 523.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.01 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0007 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 14.02 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA 5.89 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 11.31 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.008 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 938.69 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.8% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 548.05 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Africa Western and Central?
- Public and publicly guaranteed debt service in Africa Western and Central was 2.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Africa Western and Central?
- The highest recorded value was 5.1% in 1994.
- What is the lowest public and publicly guaranteed debt service recorded in Africa Western and Central?
- The lowest recorded value was 0.4% in 2012.
- How does Africa Western and Central rank for public and publicly guaranteed debt service?
- Africa Western and Central ranks 7th out of 32 groups with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Africa Western and Central?
- Over the last ten years it is up 359.9%. The long-run trend across the full record is volatile.
- Where does this Africa Western and Central data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.