Eritrea: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Eritrea

Fiscal balance, percent of GDP

 Latest value -2.2
 Year 2022
 Measure percent
 Data availability 2008 - 2022
 Average -10.41
 Min - Max -21.1 - 4.2
 Source African Development Bank
For that indicator, we provide data for Eritrea from 2008 to 2022. The average value for Eritrea during that period was -10.41 percent with a minimum of -21.1 percent in 2008 and a maximum of 4.2 percent in 2018. The latest value from 2022 is -2.2 percent. For comparison, the world average in 2022 based on 148 countries is -2.67 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 - Fiscal balance, percent of GDP - recent values

Historical chart
Eritrea - Fiscal balance, percent of GDP - historical chart - 2008-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 26.62 2011 percent
 Government spending, in dollars 0.55 2011 billion U.S. dollars
 Fiscal balance, percent of GDP -2.20 2022 percent
 Government debt 260.39 2019 percent
 Commercial tax rate 83.70 2019 percent
 Tax preparation time 216 2019 hours
 Number of taxes 30 2019 taxes
 Foreign aid 41.44 2021 million U.S. dollars
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