Foreign debt rose 8.67% to USD 6,452 bil in Madagascar in 2023, according to the National Statistical Office.
Historically, foreign debt in Madagascar reached an all time high of USD 6,452 bil in 2023 and an all time low of USD 190 bil in 1976. When compared to Madagascar's main peers, foreign debt in Mozambique amounted to USD 66,848 bil, USD 165,787 bil in South Africa, USD 1,241 bil in Swaziland and USD 34,598 bil in Tanzania in 2023.
Madagascar has been ranked 79th within the group of 110 countries we follow in terms of foreign debt, 7 places above the position seen 10 years ago.
| Foreign Debt (USD) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Botswana | USD bil | 1,732 | 1,774 | 1,564 | 1,603 | 1,997 | ||||||||||||||||
| Kenya | USD bil | 26,951 | 31,434 | 34,970 | 38,038 | 41,219 | ||||||||||||||||
| Lesotho | USD bil | 1,504 | 1,463 | 1,583 | 1,738 | 1,833 | ||||||||||||||||
| Madagascar | USD bil | 3,383 | 3,720 | 4,045 | 4,841 | 5,345 | ||||||||||||||||
| Malawi | USD bil | 2,162 | 2,266 | 2,427 | 2,943 | 3,198 | ||||||||||||||||
| Mozambique | USD bil | 45,974 | 49,810 | 54,212 | 58,664 | 62,668 | ||||||||||||||||
| Namibia | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| South Africa | USD bil | 175,014 | 180,184 | 190,738 | 175,417 | 169,438 | ||||||||||||||||
| Swaziland | USD bil | 873 | 766 | 834 | 957 | 1,179 | ||||||||||||||||
| Tanzania | USD bil | 21,437 | 22,372 | 24,184 | 25,566 | 28,526 | ||||||||||||||||
| Uganda | USD bil | 11,680 | 12,329 | 13,993 | 17,236 | 19,974 | ||||||||||||||||
| Zambia | USD bil | 23,779 | 24,659 | 29,392 | 29,546 | 26,939 |
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