Current account balance in Eritrea
Eritrea: Current account balance was -14.8% in 2000. ◆ Volatile
Current account balance in Eritrea, 1992–2000
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Eritrea is -14.8%, measured in 2000.
The figure is up 51.1% on the previous year and down 137.6% over ten years.
Over the whole period, current account balance in Eritrea peaked at 39.4% in 1992 and was at its lowest, -39.3%, in 1998.
Eritrea ranks 180th of 199 countries on this measure, in the bottom quarter.
Current account balance in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 39.4% | — |
| 1993 | 22.9% | -41.8% |
| 1994 | 23.2% | +1.4% |
| 1995 | -5.4% | -123.4% |
| 1996 | -8.6% | +58.2% |
| 1997 | 0.7% | -108.4% |
| 1998 | -39.3% | -5531.3% |
| 1999 | -30.3% | -22.8% |
| 2000 | -14.8% | -51.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3% | -39.3% | 39.4% | 8 |
| 2000s | -14.8% | -14.8% | -14.8% | 1 |
Countries ranked near Eritrea
- 177 Saint Kitts and Nevis -13.7% compare
- 178 Burundi -13.7% compare
- 179 Sierra Leone -14.1% compare
- 181 Afghanistan -15.7%
- 182 Palestine, State of -15.8% compare
- 183 Saint Vincent and the Grenadines -16.1% 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)
- GDP deflator (base year varies by country), annual growth rate 19.54 % change on previous year (2011)
- Gross value added at basic prices (GVA) (current US$), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9721 current US$ per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current US$), per capita 625.02 current US$ per person (2009)
- Gross value added at basic prices (GVA) (current LCU), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 14.95 current LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current LCU), per capita 9,610 current LCU per person (2009)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.29 % change on previous year (2009)
Frequently asked questions
- What is current account balance in Eritrea?
- Current account balance in Eritrea was -14.8% in 2000, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Eritrea?
- The highest recorded value was 39.4% in 1992.
- What is the lowest current account balance recorded in Eritrea?
- The lowest recorded value was -39.3% in 1998.
- How does Eritrea rank for current account balance?
- Eritrea ranks 180th out of 199 countries with data for 2000.
- Is current account balance rising or falling in Eritrea?
- Over the last ten years it is down 137.6%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.