Is Egypt in debt?

In 2020, the national debt of Egypt amounted to around 334.09 billion U.S. dollars.

How much is Egypts debt?

In the long-term, the Egypt Total External Debt is projected to trend around 164000.00 USD Million in 2022 and 168000.00 USD Million in 2023, according to our econometric models.

Who owns Egypts debt?

The government remains the main obligor, with a share of around 59.8% of external debt. Its debt rose by $13.1bn in June 2021 compared to end-June 2020, reaching $82.4bn.

Does Egypt have debts?

In terms of absolute figures, Egypt’s external debt nearly quadrupled from $36.775 billion in 2010 to $137.8 billion in June 2021. The public sector’s debt stood at $98.857 billion. … Long-term external debt totaled $121.5 billion, or 90.2% of gross external debt, in March 2021, CBE data showed.

What country is in debt?

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%.

Debt to GDP Ratio by Country 2021.

IT IS INTERESTING:  Best answer: How did the French leave Algeria?
Name National Debt to GDP Ratio Population
Japan 237.54% 126,050,804
Venezuela 214.45% 28,704,954
Sudan 177.87%
Greece 174.15% 10,370,744

Why is Egypt in debt?

Key to Egypt’s position is the foreign investment that’s piled into the debt market since a 2016 currency devaluation. Overseas holdings in local bonds and bills tumbled in early 2020 due to the pandemic, before rebounding to reach about $33 billion in August.

How much money does Egypt have?

$438.3 billion (nominal, 2022 est.) $1.493 trillion (PPP, 2022 est.)

How much money does Egypt owe to China?

In addition, $6.5bn of the total debt was owed to China. The structure of Egypt’s external debt by debtor revealed the government was still the main debtor, with a share of 52.7% of external debt in FY 2018/19, up $9.6bn compared to FY 2017/18, reaching $57.3bn.

Does Egypt have a budget deficit?

The IMF now sees the budget deficit narrowing to 6.3% of GDP by the end of the current fiscal year, compared to 7.3% in FY2020-2021. Although that may seem promising, the 6.3% figure is up 0.5 percentage points from the fund’s previous forecast for the FY2021-2022.

Is South Africa in debt?

South African government debt neared 100% of the National Treasury’s forecast for the fiscal year through March 2022 within seven months, heightening the risk that liabilities may overshoot official estimates. Gross debt amounted to 4.2 trillion rand ($261 billion), or 97.3% of the government’s estimate by Oct.

What is the unemployment rate in Egypt?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Egypt unemployment rate for 2020 was 10.45%, a 0.72% increase from 2019. Egypt unemployment rate for 2019 was 9.73%, a 0.09% decline from 2018.

IT IS INTERESTING:  Can tourists get married in Doha?

How much debt does Saudi Arabia have?

In 2020, Saudi Arabia’s national debt amounted to approximately 32.54 percent of the gross domestic product.

Saudi Arabia: National debt in relation to gross domestic product (GDP) from 2016 to 2026.

Characteristic National debt in relation to GDP
2021* 29.68%
2022* 30.84%
2023* 30.44%
2024* 29.48%

Who owns most of Japan’s debt?

As of 2022, the Japanese public debt is estimated to be approximately US$12.20 trillion US Dollars (1.4 quadrillion yen), or 266% of GDP, and is the highest of any developed nation. 45% of this debt is held by the Bank of Japan.

Is there a country with no debt?

Not always. There is only one “debt-free” country as per the IMF database. For many countries, the unusually low national debt could be due to failing to report actual figures to the IMF.

What country has most debt?

As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. In 1992, Japans’s Nikkei (stock market) crashed.

Which country has highest debt?

List

Rank Country/Region External debt US dollars
1 United States 3×1013
2 United Kingdom 9.019×1012
3 France 7.3239×1012
4 Germany 5.7358032×1012