Eritrea: Liquid liabilities, percent of GDP

The latest value from 2014 is 172.68 percent, a decline from 203.42 percent in 2013. In comparison, the world average is 66.43 percent, based on data from 175 countries. Historically, the average for Eritrea from 1995 to 2014 is 163.25 percent. The minimum value, 105.46 percent, was reached in 1995 while the maximum of 211.31 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.