Morocco is the 17th most indebted country to the International Monetary Fund (IMF) in the world, with 1.34 billion dollars in outstanding debt, as per financial analytics website “Insider Monkey’s” recent report, published on Monday.
According to the same source, Morocco’s Gross domestic product (GDP) stood at 130.91 billion dollars in 2022.
Argentina topped the list with a cumulative debt of over 32 Bln dollars, while its total GDP exceeded 631 Bln dollars, followed by Egypt with 10.98 Bln in debt, Ukraine (8.4 Bln dollars), Pakistan (5.97 Bln dollars), and Ecuador coming fifth (5.83 Bln dollars).
For the Middle East and North Africa, Tunisia ranked 20th worldwide, with a total debt of 1.14 Bln dollars, while Jordan fell in the 14th spot (1.5 Bln dollars). Egypt came in second globally, accumulating a debt of over 11 Bln dollars, with a GDP of 476 Bln dollars.
On the African continent, South Africa ranked ninth worldwide, with 2.29 Bln dollars in debt. Senegal got in the 18th place (1.20 Bln dollars) and the Democratic Republic of Congo came in 15th, with a total debt of around 1.45 Bln dollars.
The rankings are based on data provided by IMF to Insider Monkey up to March 2024.