Eritrea: Trade openness
* indicates monthly or quarterly data series
| Eritrea |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 47.39 |
| Year | 2011 |
| Measure | percent |
| Data availability | 1992 - 2011 |
| Average | 71.91 |
| Min - Max | 27.97 - 116.62 |
| Source | The World Bank |
The latest value from 2011 is 47.39 percent, an increase from 37.47 percent in 2010. In comparison, the world average is 91.63 percent, based on data from 169 countries. Historically, the average for Eritrea from 1992 to 2011 is 71.91 percent. The minimum value, 27.97 percent, was reached in 2009 while the maximum of 116.62 percent was recorded in 1996.
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* indicates monthly or quarterly data series
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Definition: Exports plus imports as percent of GDP.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| 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 |