Gross savings in Eritrea
Eritrea: Gross savings was 1.08 billion current LCU in 2000. ▼ Falling
Gross savings in Eritrea, 1992–2000
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2000, gross savings in Eritrea stood at 1.08 billion current LCU.
The figure is up 10.6% on the previous year and down 28.2% over ten years.
Over the whole period, gross savings in Eritrea peaked at 1.78 billion current LCU in 1994 and was at its lowest, 345.41 million current LCU, in 1998.
Eritrea ranks 163rd of 178 countries on this measure, in the bottom quarter.
Gross savings in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 1.50 billion current LCU | — |
| 1993 | 1.01 billion current LCU | -32.6% |
| 1994 | 1.78 billion current LCU | +76.4% |
| 1995 | 706.80 million current LCU | -60.3% |
| 1996 | 833.74 million current LCU | +18.0% |
| 1997 | 1.74 billion current LCU | +108.1% |
| 1998 | 345.41 million current LCU | -80.1% |
| 1999 | 972.61 million current LCU | +181.6% |
| 2000 | 1.08 billion current LCU | +10.6% |
Eritrea compared with similar countries
- Eritrea's 1.08 billion current LCU is below the median for low income countries, which is 942.05 billion current LCU, 0% of the median. (20 countries reporting)
- Eritrea's 1.08 billion current LCU is below the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 0% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.11 billion current LCU | 345.41 million current LCU | 1.78 billion current LCU | 8 |
| 2000s | 1.08 billion current LCU | 1.08 billion current LCU | 1.08 billion current LCU | 1 |
Countries ranked near Eritrea
- 160 Jordan 1.56 billion current LCU compare
- 161 Belize 1.30 billion current LCU compare
- 162 Samoa 1.08 billion current LCU
- 164 Aruba 931.00 million current LCU compare
- 165 Seychelles 822.47 million current LCU compare
- 166 San Marino 723.27 million current LCU
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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -27.95 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 106.46 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0189 BoP, current US$ per US$ of GDP (2011)
- Foreign direct investment, net inflows (BoP, current US$), per capita -7.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.58 % change on previous year (2019)
- Total reserves (includes gold, current US$), per unit of GDP 0.0558 includes gold, current US$ per US$ of GDP (2011)
- Total reserves (includes gold, current US$), per capita 59.16 includes gold, current US$ per person (2019)
- Total reserves minus gold (current US$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gross savings in Eritrea?
- Gross savings in Eritrea was 1.08 billion current LCU in 2000, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Eritrea?
- The highest recorded value was 1.78 billion current LCU in 1994.
- What is the lowest gross savings recorded in Eritrea?
- The lowest recorded value was 345.41 million current LCU in 1998.
- How does Eritrea rank for gross savings?
- Eritrea ranks 163rd out of 178 countries with data for 2000.
- Is gross savings rising or falling in Eritrea?
- Over the last ten years it is down 28.2%. 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 Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.