Top 20 Countries Owing Debt to China in 2022

China has emerged as a major global lender, providing loans and financial assistance to countries across Asia, Africa, and Latin America. The top 20 countries with the highest debt owed to China in 2022 are as follows:

1. Pakistan – $26.6 Billion
2. Angola – $21.0 Billion
3. Sri Lanka – $8.9 Billion
4. Ethiopia – $6.8 Billion
5. Kenya – $6.7 Billion
6. Zambia – $6.1 Billion
7. Bangladesh – $6.1 Billion
8. Laos – $5.3 Billion
9. Egypt – $5.2 Billion
10. Nigeria – $4.3 Billion
11. Ecuador – $4.1 Billion
12. Cambodia – $4.0 Billion
13. Belarus – $3.9 Billion
14. Côte d’Ivoire – $3.9 Billion
15. Cameroon – $3.8 Billion
16. South Africa – $3.4 Billion
17. Congo (Brazzaville) – $3.4 Billion
18. Brazil – $3.4 Billion
19. Mongolia – $3.0 Billion
20. Argentina – $2.9 Billion

These figures represent external debt, which is the money a country owes to foreign lenders. China’s role as a lender has grown significantly, with major infrastructure, energy, and development projects funded through these loans. Countries with high debt to China often rely on these funds for development but may face challenges in repayment depending on their economic stability.

Source: World Bank

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