External balance on goods and services in Eritrea
Eritrea: External balance on goods and services was -228.89 million current US$ 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 US$.
Analysis
The most recent figure for external balance on goods and services in Eritrea is -228.89 million current US$, measured in 2011.
That represents a change of up 41.7% on the previous year and up 39.7% over ten years.
Over the whole period, external balance on goods and services in Eritrea peaked at -159.97 million current US$ in 1992 and was at its lowest, -599.11 million current US$, in 2004.
That places Eritrea 88th out of 193 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
External balance on goods and services in Eritrea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | -159.97 million current US$ | — |
| 1993 | -191.58 million current US$ | +19.8% |
| 1994 | -291.59 million current US$ | +52.2% |
| 1995 | -349.97 million current US$ | +20.0% |
| 1996 | -403.29 million current US$ | +15.2% |
| 1997 | -385.70 million current US$ | -4.4% |
| 1998 | -486.52 million current US$ | +26.1% |
| 1999 | -531.78 million current US$ | +9.3% |
| 2000 | -342.87 million current US$ | -35.5% |
| 2001 | -379.56 million current US$ | +10.7% |
| 2002 | -386.74 million current US$ | +1.9% |
| 2003 | -531.92 million current US$ | +37.5% |
| 2004 | -599.11 million current US$ | +12.6% |
| 2005 | -535.75 million current US$ | -10.6% |
| 2006 | -381.05 million current US$ | -28.9% |
| 2007 | -303.34 million current US$ | -20.4% |
| 2008 | -299.55 million current US$ | -1.3% |
| 2009 | -351.19 million current US$ | +17.2% |
| 2010 | -392.84 million current US$ | +11.9% |
| 2011 | -228.89 million current US$ | -41.7% |
Eritrea compared with similar countries
- Eritrea's -228.89 million current US$ is above the median for low income countries, which is -1.17 billion current US$, 20% of the median. (22 countries reporting)
- Eritrea's -228.89 million current US$ is above the median for Sub-Saharan Africa, which is -545.92 million current US$, 42% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -350.05 million current US$ | -531.78 million current US$ | -159.97 million current US$ | 8 |
| 2000s | -411.11 million current US$ | -599.11 million current US$ | -299.55 million current US$ | 10 |
| 2010s | -310.87 million current US$ | -392.84 million current US$ | -228.89 million current US$ | 2 |
Countries ranked near Eritrea
- 85 Sao Tome and Principe -196.66 million current US$
- 86 Samoa -198.24 million current US$ compare
- 87 Guyana -207.09 million current US$ compare
- 89 Slovakia -236.80 million current US$ compare
- 90 Micronesia (country) -245.00 million current US$ compare
- 91 American Samoa -268.00 million current US$ 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -27.95 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 106.46 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0189 BoP, current US$ per US$ of GDP (2011)
- Foreign direct investment, net inflows (BoP, current US$), per capita -7.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.58 % change on previous year (2019)
- Total reserves (includes gold, current US$), per unit of GDP 0.0558 includes gold, current US$ per US$ of GDP (2011)
- Total reserves (includes gold, current US$), per capita 59.16 includes gold, current US$ per person (2019)
- Total reserves minus gold (current US$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is external balance on goods and services in Eritrea?
- External balance on goods and services in Eritrea was -228.89 million current US$ 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 -159.97 million current US$ in 1992.
- What is the lowest external balance on goods and services recorded in Eritrea?
- The lowest recorded value was -599.11 million current US$ in 2004.
- How does Eritrea rank for external balance on goods and services?
- Eritrea ranks 88th out of 193 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 39.7%. 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 US$). 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 indicator is expressed in United States dollars.