17) Cote d’Ivoire – $4,742,000,000
This West African country’s economy is largely market-based. In February, the nation issued a $1 billion bond with a staggering repayment schedule at a yield of 6.625 percent. It is repayable in three installments in 2026, 2027 and 2028. The nation’s external debt was estimated at $4.7 billion in 2012.
16) Mozambique – $4,880,000,000
Mozambique ranks among the lowest in GDP per capita, measures of inequality, human development and average life expectancy. The nation’s economy has taken a beating due to corruption scandals. Government debt to GDP in 2013 was 42.80 percent. In 2012 Mozambique had an external debt of $4.8 billion.
15) Libya – $5,278,000,000
The Libyan economy depends upon revenue from the oil sector, which accounts for 80 percent of GDP. World Bank defined Libya as an upper middle income economy. Libya’s national debt is increasing at an alarming rate. The debt was 3.29 percent of GDP in 2013. It increased to 39.3 percent in 2014. Libya had an external debt of $5.2 billion in 2012.