As of 2021, Africa's total debt outstanding to commercial banks reached approximately 103.8 billion U.S. dollars. This exhibited an increase in loans owed to commercial banks, as the continent registered an amount of nearly 93 billion U.S. dollars in debt outstanding in the previous year.
Debt outstanding to commercial banks in Africa in 2020 and 2021
(in million U.S. dollars)
Figures have been rounded to provide a better understanding of the data.
The source explains that debt outstanding "indicates total loans disbursed less amounts repaid, cancelled or converted to grants at the end of the year. It concerns only debt due to commercial banks."
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AfDB. (June 11, 2020). Debt outstanding to commercial banks in Africa in 2020 and 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1242756/debt-outstanding-to-commercial-banks-in-africa/
AfDB. "Debt outstanding to commercial banks in Africa in 2020 and 2021 (in million U.S. dollars)." Chart. June 11, 2020. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1242756/debt-outstanding-to-commercial-banks-in-africa/
AfDB. (2020). Debt outstanding to commercial banks in Africa in 2020 and 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1242756/debt-outstanding-to-commercial-banks-in-africa/
AfDB. "Debt Outstanding to Commercial Banks in Africa in 2020 and 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 11 Jun 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1242756/debt-outstanding-to-commercial-banks-in-africa/
AfDB, Debt outstanding to commercial banks in Africa in 2020 and 2021 (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1242756/debt-outstanding-to-commercial-banks-in-africa/ (last visited November 13, 2024)
Debt outstanding to commercial banks in Africa in 2020 and 2021 (in million U.S. dollars) [Graph], AfDB, June 11, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1242756/debt-outstanding-to-commercial-banks-in-africa/
