Know the per capita external debt of low and middle income Arab countries

محمد بنكسم Free Membership

A recent World Bank census of foreign debt of the world's low and middle income countries showed that the volume of these debts increased by 5.2% in 2018, compared to 2017, to a total of about 7.8 trillion dollars.

MENA countries' external debt to low- and middle-income countries was $ 321 billion last year, up from $ 299 billion a year earlier.

The World Bank attributed the increased financial burden on these countries (91 middle-income and 29 low-income countries) in 2018 to a number of internal and external factors, including increased interest rates in the United States, the rise in the dollar exchange rate, trade tensions between Washington and Beijing, and slow growth International Economy.

The International Finance Corporation is classified as low-income countries in Yemen, Syria and Somalia, while middle-income countries are classified as Jordan, Algeria, Egypt, Lebanon, Mauritania, Sudan and Tunisia.

It is noteworthy that Lebanon, Jordan and Tunisia top the list of Arab countries in terms of the weight of this share, while significantly lower this share in other countries, especially Egypt and Somalia.

Lebanon
Lebanon's foreign debts last year amounted to $ 79.3 billion, compared to $ 74 billion in 2017.All of the Lebanese debts amounted to $ 11,661, and foreign debts represented 140% of the Lebanese economy, estimated at $ 56.6 billion.

Jordan
The country's external debt in 2018 was estimated at more than $ 32 billion, up by $ 2 billion compared to 2017, which was $ 30.1 billion.The per capita foreign debt in Jordan amounted to $ 3.232 billion.This external debt constituted 75.8% of the size of the economy. Which amounted to 42.2 billion dollars.

Tunisia
The country's foreign debt increased in 2018 to $ 34.663 billion, up from $ 33.4 billion in 2017, with per capita income of $ 3,144 billion.These debts accounted for 87% of the economy, valued at $ 39.8 billion.

Morocco, West, sunset
The country's external debt reached 49 billion and 29 million dollars in 2018 compared to 49 billion and 796 million dollars in 2017, bringing the share of each Moroccan debt of this $ 1361, and foreign debt constitutes 41.5% of the Moroccan economy, which is worth about 118 billion dollars.

Mauritania
Last year, the country's external debt amounted to four billion and 984 million dollars, compared to four billion and 968 million dollars, making each person in Mauritania's external debts 1132 dollars, representing 94% of the GDP that reflects the size of the economy.

Sudan
According to World Bank statistics, Sudan's external debt fell in 2018 to $ 21.5 billion compared to $ 21.7 billion in the previous year.The per capita share of these external debts was $ 514, and the total external debt represented 53% of the Sudanese economy estimated at 40.5%. Billion dollar.

Syria
Last year, Syria's foreign debt shrank to $ 4.598 billion, up from $ 4,605 ​​million in 2017.Every Syrian's share of that debt was $ 271, and foreign debt accounted for 11.3% of GDP ($ 40.4 billion).

To whom
The foreign debt of Yemen, which is torn by war and epidemics, is estimated at seven billion and 37 million dollars in 2018 compared to seven billion and 193 million dollars in 2017, and the share of each of these debts amounted to 247 dollars, and foreign debt accounted for 26% of the size of the Yemeni economy, estimated at 27 Billion dollar.

Algeria
The country's external debt was estimated at $ 5 billion and $ 710 million in 2018, up from $ 5 billion and $ 707 million in 2017, and per capita debt did not exceed $ 219, and these debts accounted for 3.1% of the size of the Algerian economy of $ 180 billion.

Somalia
Somalia's foreign debt stood at $ 2.932 billion in 2018, compared to $ 1.948 billion in 2017, and its per capita external debt was estimated at $ 195.These debts accounted for 62.3% of the local economy ($ 4.7 billion).

Egypt
Egypt's foreign debt was estimated at $ 98.7 billion in 2018, up from $ 84.4 billion in 2017.Thus, Egypt's share of its foreign debts is $ 100, and foreign debts accounted for 39.4% of the domestic economy, which is estimated at a quarter of a trillion dollars.

It should be noted that most of the external debt of the Middle East and North Africa countries is long-term debt (due after more than a year), and most of these loans were granted to international financial institutions, such as the International Monetary Fund, the World Bank and the Paris Club ...