External debt stocks in Eritrea
Eritrea: External debt stocks was 51.5% in 2011. ◆ Volatile
External debt stocks in Eritrea, 1994–2011
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2011, external debt stocks in Eritrea stood at 51.5%.
The figure is down 22.1% on the previous year and down 10.8% over ten years.
Over the whole period, external debt stocks in Eritrea peaked at 76.2% in 2003 and was at its lowest, 5.5%, in 1994.
Eritrea ranks 42nd of 121 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks in Eritrea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1994 | 5.5% | — |
| 1995 | 6.3% | +14.7% |
| 1996 | 6.5% | +3.1% |
| 1997 | 11.0% | +71.0% |
| 1998 | 19.5% | +76.5% |
| 1999 | 39.3% | +101.8% |
| 2000 | 46.6% | +18.6% |
| 2001 | 57.7% | +23.7% |
| 2002 | 74.8% | +29.6% |
| 2003 | 76.2% | +2.0% |
| 2004 | 69.5% | -8.8% |
| 2005 | 69.5% | +0.0% |
| 2006 | 68.4% | -1.6% |
| 2007 | 68.4% | -0.0% |
| 2008 | 72.9% | +6.6% |
| 2009 | 57.1% | -21.7% |
| 2010 | 66.1% | +15.8% |
| 2011 | 51.5% | -22.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.7% | 5.5% | 39.3% | 6 |
| 2000s | 66.1% | 46.6% | 76.2% | 10 |
| 2010s | 58.8% | 51.5% | 66.1% | 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)
- GDP deflator (base year varies by country), annual growth rate 19.54 % change on previous year (2011)
- Gross value added at basic prices (GVA) (current US$), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9721 current US$ per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current US$), per capita 625.02 current US$ per person (2009)
- Gross value added at basic prices (GVA) (current LCU), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 14.95 current LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current LCU), per capita 9,610 current LCU per person (2009)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.29 % change on previous year (2009)
Frequently asked questions
- What is external debt stocks in Eritrea?
- External debt stocks in Eritrea was 51.5% in 2011, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Eritrea?
- The highest recorded value was 76.2% in 2003.
- What is the lowest external debt stocks recorded in Eritrea?
- The lowest recorded value was 5.5% in 1994.
- How does Eritrea rank for external debt stocks?
- Eritrea ranks 42nd out of 121 countries with data for 2011.
- Is external debt stocks rising or falling in Eritrea?
- Over the last ten years it is down 10.8%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.