Gross external debt, Percent of GDP (Balance of Payments) … BPM6 in Eritrea
Eritrea: Gross external debt, Percent of GDP (Balance of Payments) … BPM6 was 61.73 in 2019. ▼ Falling
Gross external debt, Percent of GDP (Balance of Payments and) in Eritrea, 2000–2019
Source: International Monetary Fund.
Analysis
In 2019, gross external debt, percent of gdp (balance of payments and) in Eritrea stood at 61.73.
The figure is down 4.1% on the previous year and down 12.3% over ten years.
Over the whole period, gross external debt, percent of gdp (balance of payments and) in Eritrea peaked at 92.65 in 2008 and was at its lowest, 49.17, in 2014.
Eritrea ranks 5th of 45 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 20 years of available data.
Gross external debt, Percent of GDP (Balance of Payments) … BPM6 in Eritrea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 60.23 | — |
| 2001 | 72.46 | +20.3% |
| 2002 | 86.7 | +19.7% |
| 2003 | 80.47 | -7.2% |
| 2004 | 69.74 | -13.3% |
| 2005 | 84.26 | +20.8% |
| 2006 | 78.37 | -7.0% |
| 2007 | 74.92 | -4.4% |
| 2008 | 92.65 | +23.7% |
| 2009 | 70.36 | -24.1% |
| 2010 | 72.78 | +3.4% |
| 2011 | 59.98 | -17.6% |
| 2012 | 58.27 | -2.9% |
| 2013 | 69.69 | +19.6% |
| 2014 | 49.17 | -29.5% |
| 2015 | 65.94 | +34.1% |
| 2016 | 59.58 | -9.6% |
| 2017 | 70.85 | +18.9% |
| 2018 | 64.4 | -9.1% |
| 2019 | 61.73 | -4.1% |
Eritrea compared with similar countries
- Eritrea's 61.73 is above the median for Sub-Saharan Africa, which is 26.53, 2.3× the median. (45 countries reporting)
- Eritrea's 61.73 is above the median for low income countries, which is 24.57, 2.5× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 77.02 | 60.23 | 92.65 | 10 |
| 2010s | 63.24 | 49.17 | 72.78 | 10 |
Countries ranked near Eritrea
More external debt data for Eritrea
- 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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 0 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 41.63 million DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 627.14 million DOD, current US$ (2025)
- External debt stocks, long-term 627.14 million DOD, current US$ (2025)
- External debt stocks, short-term 51.72 million DOD, current US$ (2025)
Frequently asked questions
- What is gross external debt, percent of gdp (balance of payments and) in Eritrea?
- Gross external debt, percent of gdp (balance of payments and) in Eritrea was 61.73 in 2019, according to International Monetary Fund.
- What is the highest gross external debt, percent of gdp (balance of payments and) recorded in Eritrea?
- The highest recorded value was 92.65 in 2008.
- What is the lowest gross external debt, percent of gdp (balance of payments and) recorded in Eritrea?
- The lowest recorded value was 49.17 in 2014.
- How does Eritrea rank for gross external debt, percent of gdp (balance of payments and)?
- Eritrea ranks 5th out of 45 countries with data for 2019.
- Is gross external debt, percent of gdp (balance of payments and) rising or falling in Eritrea?
- Over the last ten years it is down 12.3%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from International Monetary Fund, published as part of Gross external debt, Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.