Current account balance (credit less debit), Percent of GDP (Balance) in Eritrea
Eritrea: Current account balance (credit less debit), Percent of GDP (Balance) was 12.99 in 2019. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Eritrea, 2000–2019
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), percent of gdp (balance) in Eritrea is 12.99, measured in 2019.
That represents a change of down 16.3% on the previous year and up 214.7% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Eritrea peaked at 24.76 in 2017 and was at its lowest, -24.78, in 2001.
That places Eritrea 1st out of 45 countries with data for 2019, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP (Balance) in Eritrea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -21.08 | — |
| 2001 | -24.78 | +17.5% |
| 2002 | -0.0696 | -99.7% |
| 2003 | -2.35 | +3272.2% |
| 2004 | -0.8689 | -63.0% |
| 2005 | 0.4321 | -149.7% |
| 2006 | -4.63 | -1171.6% |
| 2007 | -7.9 | +70.5% |
| 2008 | -7.64 | -3.2% |
| 2009 | -11.32 | +48.1% |
| 2010 | -11.42 | +0.9% |
| 2011 | 12.8 | -212.1% |
| 2012 | 12.44 | -2.8% |
| 2013 | 2.28 | -81.7% |
| 2014 | 17.69 | +676.4% |
| 2015 | 22.39 | +26.6% |
| 2016 | 13.43 | -40.0% |
| 2017 | 24.76 | +84.3% |
| 2018 | 15.51 | -37.3% |
| 2019 | 12.99 | -16.3% |
Eritrea compared with similar countries
- Eritrea's 12.99 is above the median for Sub-Saharan Africa, which is -2.9. (45 countries reporting)
- Eritrea's 12.99 is above the median for low income countries, which is -3.6. (19 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) 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 |
|---|---|---|---|
| 2003 | -3272.2% | -0.0696 | -2.35 |
| 2006 | -1171.6% | 0.4321 | -4.63 |
| 2014 | +676.4% | 2.28 | 17.69 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.02 | -24.78 | 0.4321 | 10 |
| 2010s | 12.29 | -11.42 | 24.76 | 10 |
Countries ranked near Eritrea
- 2 Ghana 9.48 compare
- 3 Burkina Faso 8.43 compare
- 4 South Sudan 4.85 compare
More financial sector data for Eritrea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2011)
- Reserve position in the IMF, US dollar, per capita 0.0019 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2011)
- Reserve position in the IMF, SDR, per capita 0.0014 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2011)
- Reserve tranche position, US dollar, per capita 0.0019 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in Eritrea?
- Current account balance (credit less debit), percent of gdp (balance) in Eritrea was 12.99 in 2019, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Eritrea?
- The highest recorded value was 24.76 in 2017.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Eritrea?
- The lowest recorded value was -24.78 in 2001.
- How does Eritrea rank for current account balance (credit less debit), percent of gdp (balance)?
- Eritrea ranks 1st out of 45 countries with data for 2019.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Eritrea?
- Over the last ten years it is up 214.7%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.