The list of the 20 most indebted African countries + See how much they owe!

2. Egypt – $48,760,000,000

Egypt recorded a government debt to GDP of a whopping 87.10 percent in 2013. Government debt to GDP in the country averaged 86.46 percent from 2002 until 2013.

As of the 31 December 2013, Egypt had an external debt of $49 billion.