Net secondary income (Net current transfers from abroad) in Eritrea
Eritrea: Net secondary income (Net current transfers from abroad) was 1.36 billion constant LCU in 2009. ▼ Falling
Net secondary income (Net current transfers from abroad) in Eritrea, 1992–2009
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2009, net secondary income (net current transfers from abroad) in Eritrea stood at 1.36 billion constant LCU. That is the lowest value across all 18 years on record.
Compared with earlier readings it is down 20.1% on the previous year and down 56.4% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Eritrea peaked at 4.06 billion constant LCU in 1997 and was at its lowest, 1.36 billion constant LCU, in 2009.
That places Eritrea 79th out of 125 countries with data for 2009, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Net secondary income (Net current transfers from abroad) in Eritrea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1992 | 2.95 billion constant LCU | — |
| 1993 | 2.39 billion constant LCU | -19.0% |
| 1994 | 3.55 billion constant LCU | +48.6% |
| 1995 | 2.57 billion constant LCU | -27.7% |
| 1996 | 2.65 billion constant LCU | +3.2% |
| 1997 | 4.06 billion constant LCU | +53.2% |
| 1998 | 2.88 billion constant LCU | -29.2% |
| 1999 | 3.11 billion constant LCU | +8.2% |
| 2000 | 3.35 billion constant LCU | +7.7% |
| 2001 | 3.71 billion constant LCU | +10.7% |
| 2002 | 3.93 billion constant LCU | +5.8% |
| 2003 | 3.60 billion constant LCU | -8.3% |
| 2004 | 2.89 billion constant LCU | -19.7% |
| 2005 | 2.54 billion constant LCU | -12.0% |
| 2006 | 2.09 billion constant LCU | -18.0% |
| 2007 | 1.93 billion constant LCU | -7.5% |
| 2008 | 1.70 billion constant LCU | -12.1% |
| 2009 | 1.36 billion constant LCU | -20.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.02 billion constant LCU | 2.39 billion constant LCU | 4.06 billion constant LCU | 8 |
| 2000s | 2.71 billion constant LCU | 1.36 billion constant LCU | 3.93 billion constant LCU | 10 |
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)
- 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)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 3.86 constant LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (constant LCU), per capita 2,480 constant LCU per person (2009)
- GDP (current US$), annual growth rate 29.91 % change on previous year (2011)
- GDP (current US$), per capita 688.68 current US$ per person (2011)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Eritrea?
- Net secondary income (net current transfers from abroad) in Eritrea was 1.36 billion constant LCU in 2009, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Eritrea?
- The highest recorded value was 4.06 billion constant LCU in 1997.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Eritrea?
- The lowest recorded value was 1.36 billion constant LCU in 2009.
- How does Eritrea rank for net secondary income (net current transfers from abroad)?
- Eritrea ranks 79th out of 125 countries with data for 2009.
- Is net secondary income (net current transfers from abroad) rising or falling in Eritrea?
- Over the last ten years it is down 56.4%. 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 Net secondary income (Net current transfers from abroad) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.