Eritrea: Fiscal balance, percent of GDP

The latest value from 2019 is 2.72 percent, a decline from 5.22 percent in 2018. In comparison, the world average is -1.72 percent, based on data from 186 countries. Historically, the average for Eritrea from 1992 to 2019 is -12.16 percent. The minimum value, -59.74 percent, was reached in 1999 while the maximum of 8.69 percent was recorded in 1994. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. The value is expressed as percent of GDP to relate it to the size of the economy. The source for these data is: 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.