Eritrea: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Eritrea

Trade balance as percent of GDP

 Latest value -11.08
 Year 2011
 Measure percent
 Data availability 1992 - 2011
 Average -44.67
 Min - Max -77.19 - -11.08
 Source The World Bank
The latest value from 2011 is -11.08 percent, an increase from -24.71 percent in 2010. In comparison, the world average is -4.19 percent, based on data from 171 countries. Historically, the average for Eritrea from 1992 to 2011 is -44.67 percent. The minimum value, -77.19 percent, was reached in 1999 while the maximum of -11.08 percent was recorded in 2011. 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 data
Eritrea - Trade balance, percent of GDP - Recent values chart

Historical series
Eritrea - Trade balance, percent of GDP - historical chart - 1992-2011




The trade balance for Eritrea and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 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 0.00 1998 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 6.13 2023 percent
 Short-term debt to reserves 17.05 2019 percent
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