Gross domestic savings (% of GDP) in Eritrea
Eritrea: Gross domestic savings (% of GDP) was -24.8% in 2011. ▲ Rising
Gross domestic savings in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2011, gross domestic savings in Eritrea stood at -24.8%.
The figure is up 45.5% on the previous year and down 63.2% over ten years.
Over the whole period, gross domestic savings in Eritrea peaked at -9.0% in 2008 and was at its lowest, -45.5%, in 2010.
That places Eritrea 181st out of 188 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Gross domestic savings (% of GDP) in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | -25.7% | — |
| 1993 | -24.4% | -5.1% |
| 1994 | -30.0% | +22.8% |
| 1995 | -38.3% | +27.6% |
| 1996 | -30.6% | -20.1% |
| 1997 | -24.9% | -18.5% |
| 1998 | -33.0% | +32.4% |
| 1999 | -31.7% | -3.9% |
| 2000 | -26.5% | -16.2% |
| 2001 | -15.2% | -42.8% |
| 2002 | -23.5% | +54.6% |
| 2003 | -34.6% | +47.3% |
| 2004 | -33.8% | -2.4% |
| 2005 | -28.4% | -15.8% |
| 2006 | -17.8% | -37.5% |
| 2007 | -10.3% | -41.8% |
| 2008 | -9.0% | -13.1% |
| 2009 | -9.7% | +7.4% |
| 2010 | -45.5% | +371.6% |
| 2011 | -24.8% | -45.5% |
Eritrea compared with similar countries
- Eritrea's -24.8% is below the median for low income countries, which is 12.7%. (23 countries reporting)
- Eritrea's -24.8% is below the median for Sub-Saharan Africa, which is 14.7%. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | -371.6% | -9.7% | -45.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -29.8% | -38.3% | -24.4% | 8 |
| 2000s | -20.9% | -34.6% | -9.0% | 10 |
| 2010s | -35.2% | -45.5% | -24.8% | 2 |
Countries ranked near Eritrea
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 gross domestic savings in Eritrea?
- Gross domestic savings in Eritrea was -24.8% 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 -9.0% in 2008.
- What is the lowest gross domestic savings recorded in Eritrea?
- The lowest recorded value was -45.5% in 2010.
- How does Eritrea rank for gross domestic savings?
- Eritrea ranks 181st out of 188 countries with data for 2011.
- Is gross domestic savings rising or falling in Eritrea?
- Over the last ten years it is down 63.2%. 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 Gross domestic savings (% of GDP). 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 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.