External balance on goods and services (current US$) (US current) in Eritrea
Eritrea: External balance on goods and services (current US$) (US current) 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$, in 2004.
That places Eritrea 88th out of 193 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
External balance on goods and services (current US$) (US current) 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
- Real gdp growth, annual growth rate -70.56 % change on previous year (2019)
- 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)
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.