Developing world faces debt time bomb

Many countries face a growing debt crisis after years of borrowing, with a substantial number owing more in debt repayments than their entire annual output


FRONTIER MARKETS* WITH DEBT GREATER THAN GDP
(debt as percentage of GDP, Q2, 2023)

	0% 100% 200% 300%
Bahrain 
Sri Lanka 
Jordan 
Croatia 
Laos 
Maldives 
Jamaica 
Tunisia 
Grenada 
Morocco 
El Salvador 
Mozambique 
Rep. of Congo 
Mongolia 
Ghana 
Costa Rica 
Trinidad & Tobago 
Zambia 
Oman 
Kuwait 
Ecuador 
Senegal

Private sector	Government


*More established than least developed countries but still less established than emerging markets 


Sources: Bloomberg, Investopedia 
© GRAPHIC NEWS