External balance on goods and services in Eritrea
Eritrea: External balance on goods and services was -3.52 billion current LCU in 2011. ▼ Falling
External balance on goods and services in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for external balance on goods and services in Eritrea is -3.52 billion current LCU, measured in 2011.
Compared with earlier readings it is up 41.7% on the previous year and up 18.0% over ten years.
Over the whole period, external balance on goods and services in Eritrea peaked at -733.20 million current LCU in 1992 and was at its lowest, -8.26 billion current LCU, in 2004.
That places Eritrea 100th out of 192 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.38 billion current LCU | -4.34 billion current LCU | -733.20 million current LCU | 8 |
| 2000s | -5.74 billion current LCU | -8.26 billion current LCU | -3.30 billion current LCU | 10 |
| 2010s | -4.78 billion current LCU | -6.04 billion current LCU | -3.52 billion current LCU | 2 |
Countries ranked near Eritrea
- 97 Montenegro -2.10 billion current LCU compare
- 98 Greenland -2.36 billion current LCU compare
- 101 Guam -3.88 billion current LCU compare
- 102 Solomon Islands -4.05 billion current LCU compare
- 103 Sao Tome and Principe -4.27 billion current LCU compare
More economy & growth data for Eritrea
- External balance on goods and services as a percent of GDP -11.1% (2011)
- GDP per capita 751.38 constant 2015 US$ (2011)
- Share of manufacturing in gross domestic product (GDP) 5.5% (2009)
- Gross domestic product (GDP) 2.25 billion constant 2015 US$ (2011)
- GDP per capita in international and market dollars 751.38 constant 2015 US$ (2011)
- DEC alternative conversion factor 15.07 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.43 billion current LCU (2009)
- Net secondary income (Net current transfers from abroad) 353.00 million current US$ (2009)
- Taxes less subsidies on products 795.00 million current LCU (2009)
- Taxes less subsidies on products 51.71 million current US$ (2009)
Frequently asked questions
- What is external balance on goods and services in Eritrea?
- External balance on goods and services in Eritrea was -3.52 billion current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Eritrea?
- The highest recorded value was -733.20 million current LCU in 1992.
- What is the lowest external balance on goods and services recorded in Eritrea?
- The lowest recorded value was -8.26 billion current LCU in 2004.
- How does Eritrea rank for external balance on goods and services?
- Eritrea ranks 100th out of 192 countries with data for 2011.
- Is external balance on goods and services rising or falling in Eritrea?
- Over the last ten years it is up 18.0%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.