Goods balance (credit less debit), Percent of GDP (Balance of) in Eritrea
Eritrea: Goods balance (credit less debit), Percent of GDP (Balance of) was 4.68 in 2019. ◆ Volatile
Goods balance (credit less debit), Percent of GDP (Balance of) in Eritrea, 2000–2019
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), percent of gdp (balance of) in Eritrea is 4.68, measured in 2019.
That represents a change of down 32.3% on the previous year and up 116.1% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Eritrea peaked at 9.68 in 2015 and was at its lowest, -88.65, in 2001.
That places Eritrea 15th out of 45 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Percent of GDP (Balance of) in Eritrea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -79.32 | — |
| 2001 | -88.65 | +11.8% |
| 2002 | -58.01 | -34.6% |
| 2003 | -69.81 | +20.3% |
| 2004 | -64.07 | -8.2% |
| 2005 | -57.18 | -10.8% |
| 2006 | -37.76 | -34.0% |
| 2007 | -31.26 | -17.2% |
| 2008 | -32.93 | +5.3% |
| 2009 | -29.07 | -11.7% |
| 2010 | -27.33 | -6.0% |
| 2011 | 6.16 | -122.5% |
| 2012 | 7.01 | +13.8% |
| 2013 | -13.6 | -294.1% |
| 2014 | 9.49 | -169.8% |
| 2015 | 9.68 | +2.0% |
| 2016 | -0.8537 | -108.8% |
| 2017 | 9.56 | -1219.4% |
| 2018 | 6.92 | -27.6% |
| 2019 | 4.68 | -32.3% |
Eritrea compared with similar countries
- Eritrea's 4.68 is above the median for Sub-Saharan Africa, which is -2.52. (45 countries reporting)
- Eritrea's 4.68 is above the median for low income countries, which is -2.52. (19 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) 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 |
|---|---|---|---|
| 2017 | +1219.4% | -0.8537 | 9.56 |
| 2013 | -294.1% | 7.01 | -13.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -54.81 | -88.65 | -29.07 | 10 |
| 2010s | 1.17 | -27.33 | 9.68 | 10 |
Countries ranked near Eritrea
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 goods balance (credit less debit), percent of gdp (balance of) in Eritrea?
- Goods balance (credit less debit), percent of gdp (balance of) in Eritrea was 4.68 in 2019, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Eritrea?
- The highest recorded value was 9.68 in 2015.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Eritrea?
- The lowest recorded value was -88.65 in 2001.
- How does Eritrea rank for goods balance (credit less debit), percent of gdp (balance of)?
- Eritrea ranks 15th out of 45 countries with data for 2019.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Eritrea?
- Over the last ten years it is up 116.1%. 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 Goods 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.