Short-term debt in Eritrea
Eritrea: Short-term debt was 17.1% in 2019. ◆ Volatile
Short-term debt in Eritrea, 1995–2019
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
Eritrea recorded 17.1% for short-term debt in 2019.
That represents a change of down 18.2% on the previous year and up 10.5% over ten years.
Over the whole period, short-term debt in Eritrea peaked at 115.1% in 2003 and was at its lowest, 0.0%, in 1995.
Eritrea ranks 73rd of 111 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.
Short-term debt in Eritrea, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | — |
| 1999 | 0.0% | — |
| 2000 | 33.1% | — |
| 2001 | 37.5% | +13.3% |
| 2002 | 102.1% | +172.6% |
| 2003 | 115.1% | +12.7% |
| 2004 | 94.1% | -18.2% |
| 2005 | 44.9% | -52.3% |
| 2006 | 78.7% | +75.2% |
| 2007 | 52.8% | -33.0% |
| 2008 | 31.2% | -40.9% |
| 2009 | 15.4% | -50.5% |
| 2010 | 13.6% | -11.8% |
| 2011 | 15.4% | +12.8% |
| 2012 | 13.6% | -11.7% |
| 2013 | 19.3% | +41.9% |
| 2014 | 36.9% | +91.5% |
| 2015 | 48.2% | +30.6% |
| 2016 | 18.3% | -62.0% |
| 2017 | 19.0% | +3.4% |
| 2018 | 20.9% | +10.1% |
| 2019 | 17.1% | -18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 5 |
| 2000s | 60.5% | 15.4% | 115.1% | 10 |
| 2010s | 22.2% | 13.6% | 48.2% | 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 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)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 3.86 constant LCU per US$ of GDP (2009)
Frequently asked questions
- What is short-term debt in Eritrea?
- Short-term debt in Eritrea was 17.1% in 2019, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Eritrea?
- The highest recorded value was 115.1% in 2003.
- What is the lowest short-term debt recorded in Eritrea?
- The lowest recorded value was 0.0% in 1995.
- How does Eritrea rank for short-term debt?
- Eritrea ranks 73rd out of 111 countries with data for 2019.
- Is short-term debt rising or falling in Eritrea?
- Over the last ten years it is up 10.5%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.