Monetary Sector credit to private sector (% GDP) in Eritrea
Eritrea: Monetary Sector credit to private sector (% GDP) was 17.6% in 2011. ▼ Falling
Monetary Sector credit to private sector in Eritrea, 1995–2011
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Eritrea recorded 17.6% for monetary sector credit to private sector in 2011.
That represents a change of down 17.5% on the previous year and down 39.5% over ten years.
Over the whole period, monetary sector credit to private sector in Eritrea peaked at 46.5% in 1998 and was at its lowest, 16.8%, in 2009.
That places Eritrea 148th out of 187 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Monetary Sector credit to private sector (% GDP) in Eritrea, year by year
| Year | % GDP | Change |
|---|---|---|
| 1995 | 17.1% | — |
| 1996 | 34.6% | +102.7% |
| 1997 | 35.2% | +1.6% |
| 1998 | 46.5% | +32.0% |
| 1999 | 33.3% | -28.4% |
| 2000 | 29.2% | -12.3% |
| 2001 | 29.0% | -0.6% |
| 2002 | 28.6% | -1.4% |
| 2003 | 30.2% | +5.6% |
| 2004 | 26.9% | -10.8% |
| 2005 | 27.6% | +2.3% |
| 2006 | 26.0% | -5.7% |
| 2007 | 20.7% | -20.2% |
| 2008 | 22.1% | +6.4% |
| 2009 | 16.8% | -24.0% |
| 2010 | 21.3% | +26.9% |
| 2011 | 17.6% | -17.5% |
Eritrea compared with similar countries
- Eritrea's 17.6% is above the median for low income countries, which is 11.9%, 1.5× the median. (24 countries reporting)
- Eritrea's 17.6% is above the median for Sub-Saharan Africa, which is 15.1%, 1.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Monetary Sector credit to private sector (% GDP) 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 |
|---|---|---|---|
| 1996 | +102.7% | 17.1% | 34.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.3% | 17.1% | 46.5% | 5 |
| 2000s | 25.7% | 16.8% | 30.2% | 10 |
| 2010s | 19.4% | 17.6% | 21.3% | 2 |
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 monetary sector credit to private sector in Eritrea?
- Monetary sector credit to private sector in Eritrea was 17.6% in 2011, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Eritrea?
- The highest recorded value was 46.5% in 1998.
- What is the lowest monetary sector credit to private sector recorded in Eritrea?
- The lowest recorded value was 16.8% in 2009.
- How does Eritrea rank for monetary sector credit to private sector?
- Eritrea ranks 148th out of 187 countries with data for 2011.
- Is monetary sector credit to private sector rising or falling in Eritrea?
- Over the last ten years it is down 39.5%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.