External debt stocks, public and publicly guaranteed (PPG) in Eritrea
Eritrea: External debt stocks, public and publicly guaranteed (PPG) was 607.19 million DOD, current US$ in 2024. ▲ Rising
External debt stocks, public and publicly guaranteed (PPG) in Eritrea, 1994–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
In 2024, external debt stocks, public and publicly guaranteed (ppg) in Eritrea stood at 607.19 million DOD, current US$.
The figure is down 5.3% on the previous year and down 26.8% over ten years.
Over the whole period, external debt stocks, public and publicly guaranteed (ppg) in Eritrea peaked at 1.01 billion DOD, current US$ in 2009 and was at its lowest, 29.06 million DOD, current US$, in 1994.
That places Eritrea 110th out of 123 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
External debt stocks, public and publicly guaranteed (PPG) in Eritrea, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1994 | 29.06 million DOD, current US$ | — |
| 1995 | 36.69 million DOD, current US$ | +26.3% |
| 1996 | 44.29 million DOD, current US$ | +20.7% |
| 1997 | 75.46 million DOD, current US$ | +70.4% |
| 1998 | 146.14 million DOD, current US$ | +93.7% |
| 1999 | 252.56 million DOD, current US$ | +72.8% |
| 2000 | 298.00 million DOD, current US$ | +18.0% |
| 2001 | 394.85 million DOD, current US$ | +32.5% |
| 2002 | 489.21 million DOD, current US$ | +23.9% |
| 2003 | 605.12 million DOD, current US$ | +23.7% |
| 2004 | 704.00 million DOD, current US$ | +16.3% |
| 2005 | 722.99 million DOD, current US$ | +2.7% |
| 2006 | 781.37 million DOD, current US$ | +8.1% |
| 2007 | 855.67 million DOD, current US$ | +9.5% |
| 2008 | 956.96 million DOD, current US$ | +11.8% |
| 2009 | 1.01 billion DOD, current US$ | +5.9% |
| 2010 | 998.43 million DOD, current US$ | -1.4% |
| 2011 | 1.01 billion DOD, current US$ | +1.2% |
| 2012 | 949.64 million DOD, current US$ | -6.0% |
| 2013 | 893.79 million DOD, current US$ | -5.9% |
| 2014 | 829.66 million DOD, current US$ | -7.2% |
| 2015 | 784.57 million DOD, current US$ | -5.4% |
| 2016 | 753.78 million DOD, current US$ | -3.9% |
| 2017 | 776.90 million DOD, current US$ | +3.1% |
| 2018 | 742.35 million DOD, current US$ | -4.4% |
| 2019 | 725.65 million DOD, current US$ | -2.2% |
| 2020 | 739.47 million DOD, current US$ | +1.9% |
| 2021 | 690.68 million DOD, current US$ | -6.6% |
| 2022 | 646.26 million DOD, current US$ | -6.4% |
| 2023 | 641.30 million DOD, current US$ | -0.8% |
| 2024 | 607.19 million DOD, current US$ | -5.3% |
Eritrea compared with similar countries
- Eritrea's 607.19 million DOD, current US$ is below the median for low income countries, which is 3.41 billion DOD, current US$, 18% of the median. (23 countries reporting)
- Eritrea's 607.19 million DOD, current US$ is below the median for Sub-Saharan Africa, which is 4.94 billion DOD, current US$, 12% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, public and publicly guaranteed (PPG) in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +93.7% | 75.46 million DOD, current US$ | 146.14 million DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 97.36 million DOD, current US$ | 29.06 million DOD, current US$ | 252.56 million DOD, current US$ | 6 |
| 2000s | 682.12 million DOD, current US$ | 298.00 million DOD, current US$ | 1.01 billion DOD, current US$ | 10 |
| 2010s | 846.48 million DOD, current US$ | 725.65 million DOD, current US$ | 1.01 billion DOD, current US$ | 10 |
| 2020s | 664.98 million DOD, current US$ | 607.19 million DOD, current US$ | 739.47 million DOD, current US$ | 5 |
Countries ranked near Eritrea
- 108 Saint Vincent and the Grenadines 690.59 million DOD, current US$ compare
- 109 Somalia 663.72 million DOD, current US$ compare
- 111 Burundi 601.23 million DOD, current US$ compare
- 112 Central African Republic 438.78 million DOD, current US$ compare
- 113 Vanuatu 352.89 million DOD, current US$ 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 external debt stocks, public and publicly guaranteed (ppg) in Eritrea?
- External debt stocks, public and publicly guaranteed (ppg) in Eritrea was 607.19 million DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, public and publicly guaranteed (ppg) recorded in Eritrea?
- The highest recorded value was 1.01 billion DOD, current US$ in 2009.
- What is the lowest external debt stocks, public and publicly guaranteed (ppg) recorded in Eritrea?
- The lowest recorded value was 29.06 million DOD, current US$ in 1994.
- How does Eritrea rank for external debt stocks, public and publicly guaranteed (ppg)?
- Eritrea ranks 110th out of 123 countries with data for 2024.
- Is external debt stocks, public and publicly guaranteed (ppg) rising or falling in Eritrea?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.