External balance on goods and services (current LCU), annual growth in Eritrea
Eritrea: External balance on goods and services (current LCU), annual growth was 41.74 % change on previous year in 2011. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Eritrea, 1993–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Eritrea recorded 41.74 % change on previous year for external balance on goods and services (current lcu), annual growth in 2011. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 451.9% on the previous year and up 238.8% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Eritrea peaked at 41.74 % change on previous year in 2011 and was at its lowest, -79.3 % change on previous year, in 1994.
That places Eritrea 27th out of 192 countries with data for 2011, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Eritrea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1993 | -36.63 % change on previous year | — |
| 1994 | -79.3 % change on previous year | +116.5% |
| 1995 | -24.7 % change on previous year | -68.9% |
| 1996 | -14.46 % change on previous year | -41.5% |
| 1997 | -8.33 % change on previous year | -42.4% |
| 1998 | -28.98 % change on previous year | +248.0% |
| 1999 | -21.04 % change on previous year | -27.4% |
| 2000 | 23.88 % change on previous year | -213.5% |
| 2001 | -30.07 % change on previous year | -225.9% |
| 2002 | -25.76 % change on previous year | -14.4% |
| 2003 | -36.75 % change on previous year | +42.7% |
| 2004 | -11.9 % change on previous year | -67.6% |
| 2005 | 0.3252 % change on previous year | -102.7% |
| 2006 | 28.84 % change on previous year | +8769.9% |
| 2007 | 20.39 % change on previous year | -29.3% |
| 2008 | 1.25 % change on previous year | -93.9% |
| 2009 | -17.24 % change on previous year | -1478.3% |
| 2010 | -11.86 % change on previous year | -31.2% |
| 2011 | 41.74 % change on previous year | -451.9% |
Eritrea compared with similar countries
- Eritrea's 41.74 % change on previous year is above the median for low income countries, which is -13.2 % change on previous year. (22 countries reporting)
- Eritrea's 41.74 % change on previous year is above the median for Sub-Saharan Africa, which is 2.45 % change on previous year, 17.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU), annual growth in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +8769.9% | 0.3252 % change on previous year | 28.84 % change on previous year |
| 2009 | -1478.3% | 1.25 % change on previous year | -17.24 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -30.49 % change on previous year | -79.3 % change on previous year | -8.33 % change on previous year | 7 |
| 2000s | -4.7 % change on previous year | -36.75 % change on previous year | 28.84 % change on previous year | 10 |
| 2010s | 14.94 % change on previous year | -11.86 % change on previous year | 41.74 % change on previous year | 2 |
Countries ranked near Eritrea
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 external balance on goods and services (current lcu), annual growth in Eritrea?
- External balance on goods and services (current lcu), annual growth in Eritrea was 41.74 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Eritrea?
- The highest recorded value was 41.74 % change on previous year in 2011.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Eritrea?
- The lowest recorded value was -79.3 % change on previous year in 1994.
- How does Eritrea rank for external balance on goods and services (current lcu), annual growth?
- Eritrea ranks 27th out of 192 countries with data for 2011.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Eritrea?
- Over the last ten years it is up 238.8%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.