Debt on Non-concessional terms in Eritrea
Eritrea: Debt on Non-concessional terms was 159.07 million current US$ in 2011. ◆ Volatile
Debt on Non-concessional terms in Eritrea, 1994–2011
Source: World Bank, Global Development Finance. Measured in current US$.
Analysis
Eritrea recorded 159.07 million current US$ for debt on non-concessional terms in 2011.
That represents a change of down 0.3% on the previous year and up 196.1% over ten years.
Over the whole period, debt on non-concessional terms in Eritrea peaked at 162.43 million current US$ in 2009 and was at its lowest, 0 current US$, in 1994.
Eritrea ranks 44th of 50 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt on Non-concessional terms in Eritrea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1994 | 0 current US$ | — |
| 1995 | 0 current US$ | — |
| 1996 | 1.97 million current US$ | — |
| 1997 | 2.98 million current US$ | +51.5% |
| 1998 | 6.62 million current US$ | +122.4% |
| 1999 | 37.35 million current US$ | +464.3% |
| 2000 | 48.31 million current US$ | +29.4% |
| 2001 | 53.73 million current US$ | +11.2% |
| 2002 | 67.92 million current US$ | +26.4% |
| 2003 | 68.05 million current US$ | +0.2% |
| 2004 | 111.12 million current US$ | +63.3% |
| 2005 | 82.41 million current US$ | -25.8% |
| 2006 | 93.34 million current US$ | +13.3% |
| 2007 | 97.64 million current US$ | +4.6% |
| 2008 | 123.69 million current US$ | +26.7% |
| 2009 | 162.43 million current US$ | +31.3% |
| 2010 | 159.62 million current US$ | -1.7% |
| 2011 | 159.07 million current US$ | -0.3% |
Eritrea compared with similar countries
- Eritrea's 159.07 million current US$ is below the median for low income countries, which is 355.36 million current US$, 45% of the median. (20 countries reporting)
- Eritrea's 159.07 million current US$ is below the median for Sub-Saharan Africa, which is 818.73 million current US$, 19% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Debt on Non-concessional terms in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +464.3% | 6.62 million current US$ | 37.35 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.15 million current US$ | 0 current US$ | 37.35 million current US$ | 6 |
| 2000s | 90.86 million current US$ | 48.31 million current US$ | 162.43 million current US$ | 10 |
| 2010s | 159.34 million current US$ | 159.07 million current US$ | 159.62 million current US$ | 2 |
Countries ranked near Eritrea
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 non-concessional terms in Eritrea?
- Debt on non-concessional terms in Eritrea was 159.07 million current US$ in 2011, according to World Bank, Global Development Finance.
- What is the highest debt on non-concessional terms recorded in Eritrea?
- The highest recorded value was 162.43 million current US$ in 2009.
- What is the lowest debt on non-concessional terms recorded in Eritrea?
- The lowest recorded value was 0 current US$ in 1994.
- How does Eritrea rank for debt on non-concessional terms?
- Eritrea ranks 44th out of 50 countries with data for 2011.
- Is debt on non-concessional terms rising or falling in Eritrea?
- Over the last ten years it is up 196.1%. 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 Non-concessional terms (current US$). Statizoid updates them automatically from the source API.
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About this data
Non-concessional Long-term Debt Outstanding and Disbursed (LDOD) conveys information about the borrower's receipt of aid from official lenders on non-concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. This is the difference between the total debt outstanding and disbursed less debt on concessional terms. 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. Data are in current U.S. dollars.