Debt on Concessional terms to GDP in Eritrea
Eritrea: Debt on Concessional terms to GDP was 34.4% in 2011. ◆ Volatile
Debt on Concessional terms to GDP in Eritrea, 1994–2011
Source: World Bank, Global Development Finance. Measured in % of GDP.
Analysis
In 2011, debt on concessional terms to gdp in Eritrea stood at 34.4%.
Compared with earlier readings it is down 17.5% on the previous year and down 37.7% over ten years.
Over the whole period, debt on concessional terms to gdp in Eritrea peaked at 70.0% in 2002 and was at its lowest, 5.5%, in 1994.
That places Eritrea 9th out of 50 countries with data for 2011, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt on Concessional terms to GDP in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 5.5% | — |
| 1995 | 6.3% | +16.1% |
| 1996 | 6.1% | -3.9% |
| 1997 | 10.6% | +73.0% |
| 1998 | 18.7% | +77.3% |
| 1999 | 34.3% | +83.1% |
| 2000 | 44.4% | +29.6% |
| 2001 | 55.1% | +24.1% |
| 2002 | 70.0% | +27.0% |
| 2003 | 67.6% | -3.5% |
| 2004 | 58.5% | -13.4% |
| 2005 | 61.4% | +5.0% |
| 2006 | 60.2% | -2.0% |
| 2007 | 60.6% | +0.6% |
| 2008 | 63.3% | +4.5% |
| 2009 | 47.8% | -24.5% |
| 2010 | 41.7% | -12.9% |
| 2011 | 34.4% | -17.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.6% | 5.5% | 34.3% | 6 |
| 2000s | 58.9% | 44.4% | 70.0% | 10 |
| 2010s | 38.0% | 34.4% | 41.7% | 2 |
Countries ranked near Eritrea
- 6 Cape Verde 44.2% compare
- 7 Gambia 42.4% compare
- 8 Comoros 40.2% compare
- 10 Lesotho 27.2% compare
- 11 Mozambique 25.7% compare
- 12 Côte d'Ivoire 25.4% compare
More external debt data for Eritrea
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2011)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.1% (2011)
- Net financial flows, IDA 0 NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 0 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.006 NFL, current US$ per US$ of GDP (2011)
- Public and publicly guaranteed debt service 2.8% (2000)
- Net financial flows, IDA (NFL, current US$), per square kilometre 0 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is debt on concessional terms to gdp in Eritrea?
- Debt on concessional terms to gdp in Eritrea was 34.4% in 2011, according to World Bank, Global Development Finance.
- What is the highest debt on concessional terms to gdp recorded in Eritrea?
- The highest recorded value was 70.0% in 2002.
- What is the lowest debt on concessional terms to gdp recorded in Eritrea?
- The lowest recorded value was 5.5% in 1994.
- How does Eritrea rank for debt on concessional terms to gdp?
- Eritrea ranks 9th out of 50 countries with data for 2011.
- Is debt on concessional terms to gdp rising or falling in Eritrea?
- Over the last ten years it is down 37.7%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from World Bank, Global Development Finance, published as part of Debt on Concessional terms to GDP (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Concessional Long-term Debt Outstanding and Disbursed (LDOD) conveys information about the borrower's receipt of aid from official lenders at concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. LDOD is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services.