Total reserves in Eritrea
Eritrea: Total reserves was 24.6% in 2019. ◆ Volatile
Total reserves in Eritrea, 1995–2019
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Eritrea recorded 24.6% for total reserves in 2019.
The figure is up 20.3% on the previous year and up 187.1% over ten years.
Over the whole period, total reserves in Eritrea peaked at 304.3% in 1997 and was at its lowest, 2.9%, in 2006.
Eritrea ranks 75th 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.
Total reserves in Eritrea, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1995 | 110.4% | — |
| 1996 | 183.6% | +66.4% |
| 1997 | 304.3% | +65.7% |
| 1998 | 46.6% | -84.7% |
| 1999 | 21.5% | -53.8% |
| 2000 | 11.0% | -49.1% |
| 2001 | 11.7% | +6.4% |
| 2002 | 5.6% | -52.0% |
| 2003 | 3.8% | -32.8% |
| 2004 | 4.6% | +21.4% |
| 2005 | 3.7% | -19.3% |
| 2006 | 2.9% | -22.3% |
| 2007 | 3.6% | +26.1% |
| 2008 | 5.6% | +55.4% |
| 2009 | 8.6% | +52.6% |
| 2010 | 11.0% | +28.4% |
| 2011 | 11.0% | -0.3% |
| 2012 | 13.4% | +22.1% |
| 2013 | 14.1% | +5.6% |
| 2014 | 16.7% | +18.2% |
| 2015 | 16.6% | -0.9% |
| 2016 | 18.2% | +9.6% |
| 2017 | 17.4% | -4.3% |
| 2018 | 20.4% | +17.7% |
| 2019 | 24.6% | +20.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 133.3% | 21.5% | 304.3% | 5 |
| 2000s | 6.1% | 2.9% | 11.7% | 10 |
| 2010s | 16.3% | 11.0% | 24.6% | 10 |
Countries ranked near Eritrea
More financial sector data for Eritrea
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2000)
- Total reserves in months of imports, per capita 0 units per person (2000)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 18.93 % change on previous year (2019)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0346 SDR per US$ of GDP (2011)
- Reserves excluding gold, foreign exchange (SDR), per capita 41.73 SDR per person (2019)
- Reserves excluding gold (SDR), annual growth rate 18.26 % change on previous year (2019)
- Reserves excluding gold (SDR), per capita 42.78 SDR per person (2019)
- Total reserves (gold at market value) (SDR), annual growth rate 18.26 % change on previous year (2019)
- Total reserves (gold at market value) (SDR), per capita 42.78 SDR per person (2019)
- Total reserves (gold at national valuation) (SDR), annual growth rate 18.26 % change on previous year (2019)
Frequently asked questions
- What is total reserves in Eritrea?
- Total reserves in Eritrea was 24.6% in 2019, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Eritrea?
- The highest recorded value was 304.3% in 1997.
- What is the lowest total reserves recorded in Eritrea?
- The lowest recorded value was 2.9% in 2006.
- How does Eritrea rank for total reserves?
- Eritrea ranks 75th out of 111 countries with data for 2019.
- Is total reserves rising or falling in Eritrea?
- Over the last ten years it is up 187.1%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.