Eritrea: External debt
* indicates monthly or quarterly data series
| Eritrea |
External debt, percent of GDP |
|---|---|
| Latest value | 39.32 |
| Year | 2019 |
| Measure | percent |
| Data availability | 1994 - 2019 |
| Average | 54.55 |
| Min - Max | 6.71 - 108.10 |
| Source | The World Bank |
The latest value from 2019 is 39.32 percent, a decline from 39.75 percent in 2018. In comparison, the world average is 128.56 percent, based on data from 169 countries. Historically, the average for Eritrea from 1994 to 2019 is 54.55 percent. The minimum value, 6.71 percent, was reached in 1994 while the maximum of 108.1 percent was recorded in 2008.
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Definition: The total debt of public and private borrowers held by non-residents as percent of GDP. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 99.00 | 2024 | percent |
| Trade openness | 47.39 | 2011 | percent |
| Financial openness | -1.935 | 2022 | 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 | 2024 | billion U.S. dollars |
| Current account, percent of GDP | -14.82 | 2000 | 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 | 0.47 | 2000 | percent |
| Remittances | 3.28 | 2000 | million U.S. dollars |
| Net errors and omissions | -22.87 | 2000 | million USD |
| External debt | 39.32 | 2019 | percent |
| Short-term external debt | 6.04 | 2023 | percent |
| Short-term debt to reserves | 17.07 | 2019 | percent |