External borrowing, net in Eritrea
Eritrea: External borrowing, net was 242.00 million current LCU in 2007. ◆ Volatile
External borrowing, net in Eritrea, 1992–2007
Source: World Bank country economists. Measured in current LCU.
Analysis
Eritrea recorded 242.00 million current LCU for external borrowing, net in 2007.
The figure is down 66.7% on the previous year and up 18.2% over ten years.
Over the whole period, external borrowing, net in Eritrea peaked at 1.04 billion current LCU in 2004 and was at its lowest, 0 current LCU, in 1992.
That places Eritrea 37th out of 50 countries with data for 2007, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External borrowing, net in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 0 current LCU | — |
| 1993 | 1.32 million current LCU | — |
| 1994 | 154.20 million current LCU | +11581.8% |
| 1995 | 46.00 million current LCU | -70.2% |
| 1996 | 54.70 million current LCU | +18.9% |
| 1997 | 204.80 million current LCU | +274.4% |
| 1998 | 194.90 million current LCU | -4.8% |
| 1999 | 521.70 million current LCU | +167.7% |
| 2000 | 423.70 million current LCU | -18.8% |
| 2001 | 946.38 million current LCU | +123.4% |
| 2002 | 732.79 million current LCU | -22.6% |
| 2003 | 876.79 million current LCU | +19.7% |
| 2004 | 1.04 billion current LCU | +18.6% |
| 2005 | 769.40 million current LCU | -26.0% |
| 2006 | 727.45 million current LCU | -5.5% |
| 2007 | 242.00 million current LCU | -66.7% |
Eritrea compared with similar countries
- Eritrea's 242.00 million current LCU is below the median for low income countries, which is 21.58 billion current LCU, 1% of the median. (18 countries reporting)
- Eritrea's 242.00 million current LCU is below the median for Sub-Saharan Africa, which is 9.40 billion current LCU, 3% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where External borrowing, net 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 |
|---|---|---|---|
| 1994 | +11581.8% | 1.32 million current LCU | 154.20 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 147.20 million current LCU | 0 current LCU | 521.70 million current LCU | 8 |
| 2000s | 719.80 million current LCU | 242.00 million current LCU | 1.04 billion current LCU | 8 |
Countries ranked near Eritrea
More science & technology data for Eritrea
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2011)
- Mobile landline subscriptions, gaps filled 59.12 (2022)
- Mobile cellular subscriptions by country, per capita 0.5912 units per person (2022)
- Mobile cellular subscriptions by country, per unit of GDP 0.0001 units per US$ of GDP (2011)
- Mobile cellular subscriptions by country, gaps filled 2.02 million (2022)
- Mobile cellular subscriptions by country, per square kilometre 16.64 units per square kilometre (2022)
- Mobile landline subscriptions, annual growth rate 9.98 % change on previous year (2022)
- Mobile cellular subscriptions by country, annual growth rate 11.93 % change on previous year (2022)
- Scientific and technical journal articles 29.08 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
Frequently asked questions
- What is external borrowing, net in Eritrea?
- External borrowing, net in Eritrea was 242.00 million current LCU in 2007, according to World Bank country economists.
- What is the highest external borrowing, net recorded in Eritrea?
- The highest recorded value was 1.04 billion current LCU in 2004.
- What is the lowest external borrowing, net recorded in Eritrea?
- The lowest recorded value was 0 current LCU in 1992.
- How does Eritrea rank for external borrowing, net?
- Eritrea ranks 37th out of 50 countries with data for 2007.
- Is external borrowing, net rising or falling in Eritrea?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from World Bank country economists, published as part of External borrowing, net (current LCU). Statizoid updates them automatically from the source API.
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About this data
Financing from abroad (obtained from nonresidents) refer to the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. It includes all government liabilities--other. Data are in current local currency.