Public debt: Mauritius ranks 14th in Sub-Saharan Africa

Mauritius is the 14th most indebted country in Sub-Saharan Africa according to figures compiled by analysist Mays Mouissi. The latter compiles data regarding public debt of 45 African countries on his website. In 2016, the level of public debt in Mauritius stood at 58.3% of its GDP. According to the Public Debt Management Framework. The first place of its ranking is held by Eritrea who public debt stands at a whopping 125.6% of GDP, closely followed by Cape Verde at 121.7% of GDP and Gambia with 96.9% of GDP. Mauritius has adopted a Public Debt Management Act in 2008 to reduce the level of its public debt to 50% by end-2018. At the bottom of the table, the least indebted countries are Nigeria with a public debt of 13.3% of its GDP, the Botswana at 15.6% and the Democratic Republic of Congo at 19.8%. On a comparative basis, the level of public indebtedness of African countries (52% of GDP) is far below those of European countries which boast an average of 92%.