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
For that indicator, we provide data for Eritrea from 1992 to 2011. The average value for Eritrea during that period was -44.67 percent with a minimum of -77.19 percent in 1999 and a maximum of -11.08 percent in 2011. The latest value from 2011 is -11.08 percent. For comparison, the world average in 2011 based on 169 countries is -3.99 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 - Trade balance, percent of GDP - Recent values chart

Historical chart
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).

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 Related indicators Latest value 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 0.47 2000 percent
 Remittances 3.28 2000 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
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