Eritrea: External debt

* indicates monthly or quarterly data series
 Eritrea

External debt, percent of Gross National Income

 Latest value 51.48
 Year 2011
 Measure percent
 Data availability 1994 - 2011
 Average 48.16
 Min - Max 5.46 - 76.24
 Source The World Bank
The latest value from 2011 is 51.48 percent, a decline from 66.07 percent in 2010. In comparison, the world average is 41.81 percent, based on data from 120 countries. Historically, the average for Eritrea from 1994 to 2011 is 48.16 percent. The minimum value, 5.46 percent, was reached in 1994 while the maximum of 76.24 percent was recorded in 2003. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Eritrea - External debt - Recent values chart

Historical series
Eritrea - External debt - historical chart - 1994-2011




The external debt of Eritrea and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 106.48 2021 percent
 Trade openness 47.39 2011 percent
 Financial openness -1.931 2021 index points
 Exports, percent of GDP 18.15 2011 percent
 Exports, billion dollars 0.37 2011 billion U.S. dollars
 Growth of exports 575.74 2011 percent
 Imports, percent of GDP 29.24 2011 percent
 Imports, billion dollars 0.60 2011 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.89 2011 percent
 Foreign Direct Investment, billion dollars -0.03 2022 billion U.S. dollars
 Current account, percent of GDP 14.10 2023 percent
 Current account, in dollars -0.10 2000 billion U.S. dollars
 Trade balance, percent of GDP -11.08 2011 percent
 Trade balance, in dollars -0.40 2000 billion U.S. dollars
 Reserves 0.19 2019 billion U.S. dollars
 Remittances, percent of GDP 0.00 2011 percent
 Remittances 0.00 2023 million U.S. dollars
 Net errors and omissions -22.87 2000 million USD
 External debt 51.48 2011 percent
 Short-term external debt 5.63 2022 percent
 Short-term debt to reserves 17.05 2019 percent
This site uses cookies.
Learn more here


OK