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

18. Algeria – $4,344,000,000

Algeria’s economy is largely based on hydrocarbons. It is Africa’s 10th richest country (GDP per capita) and the second largest oil producer in Africa.

The nation is classified as an upper middle income country by the World Bank. Algeria’s external debt of $4.3 billion (2012) is low when compared to other African nations.