8. Equatorial Guinea – Debt Deficit: 7.7% of GDP
Republic of Equatorial Guinea is located in central Africa. Just like Russia on the previous rank, it has only 7.7% public debt of its gross domestic product (GDP).
Like many other countries on this top 10 countries with least debt deficit list, Equatorial Guinea is enriched by organic resources, such as oil.
Since mid-1990s, this country has become one of the largest oil producers in the sub-Saharan Africa. These organic resources have permitted the country to achieve an affordable GDP per capital of $16,809.
Despite its financial stability in terms of public debt, Equatorial Guinea suffers from human rights issue. Significant human trafficking issues brought this country’s authoritarian government with the worst human rights records in the world.
