Eritrea: Imports, percent of GDP

* indicates monthly or quarterly data series
 Eritrea

Imports of goods and services as percent of GDP

 Latest value 29.24
 Year 2011
 Measure percent
 Data availability 1992 - 2011
 Average 58.29
 Min - Max 23.44 - 87.38
 Source The World Bank
For that indicator, we provide data for Eritrea from 1992 to 2011. The average value for Eritrea during that period was 58.29 percent with a minimum of 23.44 percent in 2009 and a maximum of 87.38 percent in 1996. The latest value from 2011 is 29.24 percent. For comparison, the world average in 2011 based on 173 countries is 47.99 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Eritrea - Imports, percent of GDP - recent values

Historical chart
Eritrea - Imports, percent of GDP - historical chart - 1992-2011




The imports of Eritrea and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.


 Related indicators Latest value Reference Measure
 Terms of trade 106.48 2021 percent
 Trade openness 47.39 2011 percent
 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 12.20 2022 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
 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
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