Balanced trade in services in Eritrea
Eritrea: Balanced trade in services was 0.1241 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Eritrea, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Eritrea is 0.1241 US dollars, exchange rate converted, measured in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 18.8% on the previous year and up 63.2% over ten years.
Over the whole period, balanced trade in services in Eritrea peaked at 0.1241 US dollars, exchange rate converted in 2024 and was at its lowest, 0.0246 US dollars, exchange rate converted, in 2008.
Eritrea ranks 166th of 174 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Eritrea, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.035 US dollars, exchange rate converted | — |
| 2006 | 0.0299 US dollars, exchange rate converted | -14.6% |
| 2007 | 0.0263 US dollars, exchange rate converted | -11.9% |
| 2008 | 0.0246 US dollars, exchange rate converted | -6.6% |
| 2009 | 0.0378 US dollars, exchange rate converted | +54.0% |
| 2010 | 0.0423 US dollars, exchange rate converted | +11.7% |
| 2011 | 0.0511 US dollars, exchange rate converted | +21.0% |
| 2012 | 0.0588 US dollars, exchange rate converted | +15.0% |
| 2013 | 0.0592 US dollars, exchange rate converted | +0.8% |
| 2014 | 0.0761 US dollars, exchange rate converted | +28.4% |
| 2015 | 0.0777 US dollars, exchange rate converted | +2.2% |
| 2016 | 0.0804 US dollars, exchange rate converted | +3.5% |
| 2017 | 0.0838 US dollars, exchange rate converted | +4.2% |
| 2018 | 0.0834 US dollars, exchange rate converted | -0.4% |
| 2019 | 0.0819 US dollars, exchange rate converted | -1.8% |
| 2020 | 0.0628 US dollars, exchange rate converted | -23.4% |
| 2021 | 0.093 US dollars, exchange rate converted | +48.1% |
| 2022 | 0.0946 US dollars, exchange rate converted | +1.8% |
| 2023 | 0.1045 US dollars, exchange rate converted | +10.4% |
| 2024 | 0.1241 US dollars, exchange rate converted | +18.8% |
Eritrea compared with similar countries
- Eritrea's 0.1241 US dollars, exchange rate converted is below the median for low income countries, which is 0.7643 US dollars, exchange rate converted, 16% of the median. (20 countries reporting)
- Eritrea's 0.1241 US dollars, exchange rate converted is below the median for Sub-Saharan Africa, which is 1.05 US dollars, exchange rate converted, 12% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0307 US dollars, exchange rate converted | 0.0246 US dollars, exchange rate converted | 0.0378 US dollars, exchange rate converted | 5 |
| 2010s | 0.0695 US dollars, exchange rate converted | 0.0423 US dollars, exchange rate converted | 0.0838 US dollars, exchange rate converted | 10 |
| 2020s | 0.0958 US dollars, exchange rate converted | 0.0628 US dollars, exchange rate converted | 0.1241 US dollars, exchange rate converted | 5 |
Countries ranked near Eritrea
- 163 Gambia 0.151 US dollars, exchange rate converted compare
- 164 Samoa 0.1421 US dollars, exchange rate converted compare
- 165 Vanuatu 0.13 US dollars, exchange rate converted compare
- 167 Tonga 0.1133 US dollars, exchange rate converted compare
- 168 Guinea-Bissau 0.1069 US dollars, exchange rate converted compare
- 169 Solomon Islands 0.1025 US dollars, exchange rate converted compare
More economy & growth data for Eritrea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- SDRs holdings, US dollar, annual growth rate 2.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2011)
- SDRs holdings, US dollar, per capita 6.53 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.25 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0017 units per US$ of GDP (2011)
- SDRs holdings, SDR, per capita 4.77 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0118 units per US$ of GDP (2011)
Frequently asked questions
- What is balanced trade in services in Eritrea?
- Balanced trade in services in Eritrea was 0.1241 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Eritrea?
- The highest recorded value was 0.1241 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Eritrea?
- The lowest recorded value was 0.0246 US dollars, exchange rate converted in 2008.
- How does Eritrea rank for balanced trade in services?
- Eritrea ranks 166th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Eritrea?
- Over the last ten years it is up 63.2%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html