According to recent data from the World Bank, in 1988, the 3 African countries with the top 3 highest Total External Debt Stocks were:
- Egypt: US$ 46.15B
- Nigeria: US$ 29.62B
- Algeria: US$ 26.10B
On the other hand, the 3 African countries with the 3 lowest total external debt stocks in 1988 were:
- Sao Tome and Principe: US$ 109.18M
- Cape Verde: US$ 124.35M
- Djibouti: US$ 158.29M
Use the interactive visualization and table below to explore this data for each African country for the year 1988. You can also see links at the bottom of this page for a comparison of this data for the different african regions, as well as links to the historical Total External Debt Stocks information for each African country.
The World Bank defines Total External Debt Stocks as "debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt".
See also: Current Account Balance of Africa in 1988.
| Country | Total External Debt Stocks (US$) |
|---|---|
| Algeria | 26101327226.20 |
| Benin | 1170205810.00 |
| Botswana | 532601060.40 |
| Burkina Faso | 845249596.10 |
| Burundi | 800694146.90 |
| Cape Verde | 124352364.00 |
| Cameroon | 4812725442.20 |
| Republic of Congo | 4050960428.60 |
| Ivory Coast | 13342278908.30 |
| Democratic Republic of the Congo | 8553690732.60 |
| Djibouti | 158287377.70 |
| Central African Republic | 668836055.30 |
| Chad | 395720698.40 |
| Egypt | 46148551466.90 |
| Eswatini | 259436559.30 |
| Ethiopia | 7717008720.80 |
| Gabon | 2844956364.80 |
| Gambia | 325153968.40 |
| Ghana | 3131102815.60 |
| Guinea | 2261520052.60 |
| Guinea-Bissau | 569144690.30 |
| Kenya | 5809644178.80 |
| Lesotho | 287087570.20 |
| Liberia | 1817042772.20 |
| Madagascar | 3683557860.60 |
| Malawi | 1359054452.10 |
| Mali | 2019888080.40 |
| Mauritania | 2046882263.20 |
| Mauritius | 824028164.40 |
| Morocco | 21117139131.00 |
| Mozambique | 4113840888.90 |
| Zambia | 6694151924.70 |
| Zimbabwe | 2730954474.80 |
| Tanzania | 6009342992.50 |
| Uganda | 1940761841.10 |
| Tunisia | 6800232969.00 |
| Togo | 1221898000.10 |
| Sudan | 11530990242.80 |
| Somalia | 1947394726.10 |
| Sierra Leone | 1036485425.20 |
| Senegal | 3893072265.50 |
| Rwanda | 653567381.90 |
| Niger | 1700418784.00 |
| Nigeria | 29624118543.40 |
| Comoros | 199821386.30 |
| Sao Tome and Principe | 109175723.80 |
Total External Debt Stocks of African Regions in 1988
Use the links below to see a comparison of the Total External Debt Stocks for african regions in 1988.
Total External Debt Stocks of African Countries
Use the links below to see the historical Total External Debt Stocks for each African country.