Public and publicly guaranteed debt service in Sub-Saharan Africa
Sub-Saharan Africa: Public and publicly guaranteed debt service was 2.7% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Sub-Saharan Africa, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for public and publicly guaranteed debt service in Sub-Saharan Africa is 2.7%, measured in 2024.
The figure is up 13.6% on the previous year and up 135.1% over ten years.
Over the whole period, public and publicly guaranteed debt service in Sub-Saharan Africa peaked at 2.9% in 1998 and was at its lowest, 0.7%, in 2010.
That places Sub-Saharan Africa 4th out of 32 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 32 years of available data.
Public and publicly guaranteed debt service in Sub-Saharan Africa, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1978 | 2.0% | — |
| 1994 | 2.4% | +24.1% |
| 1995 | 2.4% | -0.9% |
| 1996 | 2.8% | +14.9% |
| 1997 | 2.4% | -13.2% |
| 1998 | 2.9% | +19.5% |
| 1999 | 2.4% | -16.7% |
| 2000 | 2.6% | +8.1% |
| 2001 | 2.7% | +2.1% |
| 2002 | 2.2% | -17.9% |
| 2003 | 1.8% | -16.3% |
| 2004 | 1.5% | -20.1% |
| 2005 | 1.7% | +18.5% |
| 2006 | 1.8% | +2.0% |
| 2007 | 1.5% | -14.4% |
| 2008 | 1.0% | -33.6% |
| 2009 | 1.0% | +0.7% |
| 2010 | 0.7% | -27.7% |
| 2011 | 0.8% | +3.7% |
| 2012 | 1.0% | +26.1% |
| 2013 | 1.2% | +29.0% |
| 2014 | 1.1% | -8.1% |
| 2015 | 1.9% | +70.7% |
| 2016 | 1.7% | -10.9% |
| 2017 | 1.7% | -3.9% |
| 2018 | 2.4% | +45.3% |
| 2019 | 1.9% | -19.4% |
| 2020 | 2.1% | +8.3% |
| 2021 | 2.1% | +1.4% |
| 2022 | 2.1% | -1.1% |
| 2023 | 2.3% | +11.2% |
| 2024 | 2.7% | +13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.0% | 2.0% | 2.0% | 1 |
| 1990s | 2.6% | 2.4% | 2.9% | 6 |
| 2000s | 1.8% | 1.0% | 2.7% | 10 |
| 2010s | 1.4% | 0.7% | 2.4% | 10 |
| 2020s | 2.3% | 2.1% | 2.7% | 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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 432.4 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Sub-Saharan Africa?
- Public and publicly guaranteed debt service in Sub-Saharan Africa was 2.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Sub-Saharan Africa?
- The highest recorded value was 2.9% in 1998.
- What is the lowest public and publicly guaranteed debt service recorded in Sub-Saharan Africa?
- The lowest recorded value was 0.7% in 2010.
- How does Sub-Saharan Africa rank for public and publicly guaranteed debt service?
- Sub-Saharan Africa ranks 4th out of 32 groups with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Sub-Saharan Africa?
- Over the last ten years it is up 135.1%. 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 Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
Download this data
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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.