Gross domestic savings in Eritrea
Eritrea: Gross domestic savings was -7.87 billion current LCU in 2011. ◆ Volatile
Gross domestic savings in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Eritrea recorded -7.87 billion current LCU for gross domestic savings in 2011.
That represents a change of up 29.2% on the previous year and down 509.0% over ten years.
Over the whole period, gross domestic savings in Eritrea peaked at -562.40 million current LCU in 1992 and was at its lowest, -11.12 billion current LCU, in 2010.
That places Eritrea 172nd out of 187 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | -562.40 million current LCU | — |
| 1993 | -597.40 million current LCU | +6.2% |
| 1994 | -981.90 million current LCU | +64.4% |
| 1995 | -1.42 billion current LCU | +44.1% |
| 1996 | -1.35 billion current LCU | -4.8% |
| 1997 | -1.23 billion current LCU | -8.6% |
| 1998 | -1.81 billion current LCU | +47.0% |
| 1999 | -1.78 billion current LCU | -1.7% |
| 2000 | -1.80 billion current LCU | +1.4% |
| 2001 | -1.29 billion current LCU | -28.4% |
| 2002 | -2.39 billion current LCU | +84.9% |
| 2003 | -4.18 billion current LCU | +74.7% |
| 2004 | -5.16 billion current LCU | +23.6% |
| 2005 | -4.80 billion current LCU | -7.0% |
| 2006 | -3.31 billion current LCU | -31.0% |
| 2007 | -2.10 billion current LCU | -36.7% |
| 2008 | -1.91 billion current LCU | -9.0% |
| 2009 | -2.76 billion current LCU | +44.4% |
| 2010 | -11.12 billion current LCU | +303.8% |
| 2011 | -7.87 billion current LCU | -29.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.22 billion current LCU | -1.81 billion current LCU | -562.40 million current LCU | 8 |
| 2000s | -2.97 billion current LCU | -5.16 billion current LCU | -1.29 billion current LCU | 10 |
| 2010s | -9.50 billion current LCU | -11.12 billion current LCU | -7.87 billion current LCU | 2 |
Countries ranked near Eritrea
- 169 Namibia -1.49 billion current LCU compare
- 170 Sao Tome and Principe -2.40 billion current LCU
- 171 Tajikistan -6.17 billion current LCU compare
- 173 Lesotho -15.28 billion current LCU compare
- 174 Republic of Moldova -17.59 billion current LCU compare
- 175 Haiti -29.59 billion current LCU 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)
- Gross domestic savings (current US$), annual growth rate 29.25 % change on previous year (2011)
- Gross domestic savings (current US$), per unit of GDP -0.2479 current US$ per US$ of GDP (2011)
- Gross domestic savings (current US$), per capita -170.72 current US$ per person (2011)
- Gross domestic savings (current LCU), annual growth rate 29.25 % change on previous year (2011)
- Gross domestic savings (current LCU), per unit of GDP -3.81 current LCU per US$ of GDP (2011)
- Gross domestic savings (current LCU), per capita -2,625 current LCU per person (2011)
- GNI, Atlas method (current US$), annual growth rate 18.91 % change on previous year (2011)
- GNI, Atlas method (current US$), per unit of GDP 0.9399 current US$ per US$ of GDP (2011)
Frequently asked questions
- What is gross domestic savings in Eritrea?
- Gross domestic savings in Eritrea was -7.87 billion current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Eritrea?
- The highest recorded value was -562.40 million current LCU in 1992.
- What is the lowest gross domestic savings recorded in Eritrea?
- The lowest recorded value was -11.12 billion current LCU in 2010.
- How does Eritrea rank for gross domestic savings?
- Eritrea ranks 172nd out of 187 countries with data for 2011.
- Is gross domestic savings rising or falling in Eritrea?
- Over the last ten years it is down 509.0%. The long-run trend across the full record is volatile.
- 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 Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.