Eritrea: Reserves

* indicates monthly or quarterly data series
 Eritrea

Foreign exchange reserves including gold, billion USD

 Latest value 0.19
 Year 2019
 Measure billion U.S. dollars
 Data availability 1995 - 2019
 Average 0.09
 Min - Max 0.02 - 0.23
 Source The World Bank
For that indicator, we provide data for Eritrea from 1995 to 2019. The average value for Eritrea during that period was 0.09 billion U.S. dollars with a minimum of 0.02 billion U.S. dollars in 2003 and a maximum of 0.23 billion U.S. dollars in 1997. The latest value from 2019 is 0.19 billion U.S. dollars. For comparison, the world average in 2019 based on 166 countries is 78.74 billion U.S. dollars. 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 - Reserves - recent values

Historical chart
Eritrea - Reserves - historical chart - 1995-2019




The reserves of Eritrea and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.


 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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