Overall budget balance, including grants in Eritrea
Eritrea: Overall budget balance, including grants was -4.45 billion current LCU in 2009. ◆ Volatile
Overall budget balance, including grants in Eritrea, 1992–2009
Source: World Bank country economists. Measured in current LCU.
Analysis
Eritrea recorded -4.45 billion current LCU for overall budget balance, including grants in 2009.
Compared with earlier readings it is up 17.4% on the previous year and down 40.8% over ten years.
Over the whole period, overall budget balance, including grants in Eritrea peaked at 156.26 million current LCU in 1994 and was at its lowest, -5.39 billion current LCU, in 2008.
Eritrea ranks 22nd of 51 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Overall budget balance, including grants in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 116.54 million current LCU | — |
| 1993 | 80.03 million current LCU | -31.3% |
| 1994 | 156.26 million current LCU | +95.3% |
| 1995 | -691.71 million current LCU | -542.7% |
| 1996 | -666.10 million current LCU | -3.7% |
| 1997 | -306.62 million current LCU | -54.0% |
| 1998 | -1.93 billion current LCU | +531.0% |
| 1999 | -3.16 billion current LCU | +63.4% |
| 2000 | -2.62 billion current LCU | -17.2% |
| 2001 | -2.81 billion current LCU | +7.1% |
| 2002 | -2.57 billion current LCU | -8.6% |
| 2003 | -1.63 billion current LCU | -36.3% |
| 2004 | -2.54 billion current LCU | +55.3% |
| 2005 | -3.50 billion current LCU | +38.0% |
| 2006 | -2.19 billion current LCU | -37.6% |
| 2007 | -2.03 billion current LCU | -7.3% |
| 2008 | -5.39 billion current LCU | +165.7% |
| 2009 | -4.45 billion current LCU | -17.4% |
Eritrea compared with similar countries
- Eritrea's -4.45 billion current LCU is above the median for low income countries, which is -26.39 billion current LCU, 17% of the median. (19 countries reporting)
- Eritrea's -4.45 billion current LCU is above the median for Sub-Saharan Africa, which is -21.76 billion current LCU, 20% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Overall budget balance, including grants 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 |
|---|---|---|---|
| 1995 | -542.7% | 156.26 million current LCU | -691.71 million current LCU |
| 1998 | -531.0% | -306.62 million current LCU | -1.93 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -801.09 million current LCU | -3.16 billion current LCU | 156.26 million current LCU | 8 |
| 2000s | -2.97 billion current LCU | -5.39 billion current LCU | -1.63 billion current LCU | 10 |
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 overall budget balance, including grants in Eritrea?
- Overall budget balance, including grants in Eritrea was -4.45 billion current LCU in 2009, according to World Bank country economists.
- What is the highest overall budget balance, including grants recorded in Eritrea?
- The highest recorded value was 156.26 million current LCU in 1994.
- What is the lowest overall budget balance, including grants recorded in Eritrea?
- The lowest recorded value was -5.39 billion current LCU in 2008.
- How does Eritrea rank for overall budget balance, including grants?
- Eritrea ranks 22nd out of 51 countries with data for 2009.
- Is overall budget balance, including grants rising or falling in Eritrea?
- Over the last ten years it is down 40.8%. 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 Overall budget balance, including grants (current LCU). Statizoid updates them automatically from the source API.
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About this data
Overall budget deficit is current and capital revenue and official grants received, less total expenditure and lending minus repayments. Data are shown for central government only, and are in current local currency.