External balance on goods and services in Eritrea
Eritrea: External balance on goods and services was -11.1% in 2011. ▲ Rising
External balance on goods and services in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services in Eritrea is -11.1%, measured in 2011. That is the highest value across all 20 years on record.
That represents a change of up 55.2% on the previous year and up 78.0% over ten years.
Over the whole period, external balance on goods and services in Eritrea peaked at -11.1% in 2011 and was at its lowest, -77.2%, in 1999.
Eritrea ranks 134th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
External balance on goods and services in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | -33.5% | — |
| 1993 | -40.9% | +22.1% |
| 1994 | -54.8% | +33.9% |
| 1995 | -60.5% | +10.4% |
| 1996 | -58.1% | -4.0% |
| 1997 | -56.2% | -3.4% |
| 1998 | -65.3% | +16.1% |
| 1999 | -77.2% | +18.3% |
| 2000 | -48.5% | -37.1% |
| 2001 | -50.4% | +3.9% |
| 2002 | -53.0% | +5.1% |
| 2003 | -61.1% | +15.3% |
| 2004 | -54.0% | -11.6% |
| 2005 | -48.8% | -9.7% |
| 2006 | -31.5% | -35.5% |
| 2007 | -23.0% | -26.8% |
| 2008 | -21.7% | -5.7% |
| 2009 | -18.9% | -12.8% |
| 2010 | -24.7% | +30.7% |
| 2011 | -11.1% | -55.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -55.8% | -77.2% | -33.5% | 8 |
| 2000s | -41.1% | -61.1% | -18.9% | 10 |
| 2010s | -17.9% | -24.7% | -11.1% | 2 |
Countries ranked near Eritrea
- 131 Greenland -10.3% compare
- 132 Togo -10.8% compare
- 133 United States Virgin Islands -10.9% compare
- 135 Cape Verde -11.4% compare
- 136 Madagascar -11.6% compare
- 137 Egypt -11.7% 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)
- Imports of goods and services (current US$), annual growth rate 22.17 % change on previous year (2011)
- Imports of goods and services (current US$), per unit of GDP 0.2924 current US$ per US$ of GDP (2011)
- Imports of goods and services (current US$), per capita 201.36 current US$ per person (2011)
- Imports of goods and services (current LCU), annual growth rate 22.17 % change on previous year (2011)
- Imports of goods and services (current LCU), per unit of GDP 4.5 current LCU per US$ of GDP (2011)
- Imports of goods and services (current LCU), per capita 3,096 current LCU per person (2011)
- External balance on goods and services (current US$), annual growth 41.74 % change on previous year (2011)
- External balance on goods and services (current LCU), annual growth 41.74 % change on previous year (2011)
Frequently asked questions
- What is external balance on goods and services in Eritrea?
- External balance on goods and services in Eritrea was -11.1% 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 -11.1% in 2011.
- What is the lowest external balance on goods and services recorded in Eritrea?
- The lowest recorded value was -77.2% in 1999.
- How does Eritrea rank for external balance on goods and services?
- Eritrea ranks 134th 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 78.0%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 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.