Primary balance, excluding interest in Eritrea
Eritrea: Primary balance, excluding interest was -5.38 billion current LCU in 2009. ◆ Volatile
Primary balance, excluding interest in Eritrea, 1992–2009
Source: World Bank country economists. Measured in current LCU.
Analysis
In 2009, primary balance, excluding interest in Eritrea stood at -5.38 billion current LCU.
The figure is up 12.8% on the previous year and down 77.4% over ten years.
Over the whole period, primary balance, excluding interest in Eritrea peaked at 160.46 million current LCU in 1994 and was at its lowest, -6.18 billion current LCU, in 2008.
That places Eritrea 24th out of 50 countries with data for 2009, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary balance, excluding interest in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 116.54 million current LCU | — |
| 1993 | 80.92 million current LCU | -30.6% |
| 1994 | 160.46 million current LCU | +98.3% |
| 1995 | -672.70 million current LCU | -519.2% |
| 1996 | -627.39 million current LCU | -6.7% |
| 1997 | -253.48 million current LCU | -59.6% |
| 1998 | -1.87 billion current LCU | +636.8% |
| 1999 | -3.04 billion current LCU | +62.6% |
| 2000 | -2.44 billion current LCU | -19.5% |
| 2001 | -2.54 billion current LCU | +3.9% |
| 2002 | -2.21 billion current LCU | -12.8% |
| 2003 | -1.25 billion current LCU | -43.4% |
| 2004 | -2.07 billion current LCU | +64.9% |
| 2005 | -2.98 billion current LCU | +44.1% |
| 2006 | -1.59 billion current LCU | -46.7% |
| 2007 | -1.31 billion current LCU | -17.7% |
| 2008 | -6.18 billion current LCU | +372.9% |
| 2009 | -5.38 billion current LCU | -12.8% |
Eritrea compared with similar countries
- Eritrea's -5.38 billion current LCU is above the median for low income countries, which is -8.87 billion current LCU, 61% of the median. (18 countries reporting)
- Eritrea's -5.38 billion current LCU is above the median for Sub-Saharan Africa, which is -6.36 billion current LCU, 85% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Primary balance, excluding interest 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 | -636.8% | -253.48 million current LCU | -1.87 billion current LCU |
| 1995 | -519.2% | 160.46 million current LCU | -672.70 million current LCU |
| 2008 | -372.9% | -1.31 billion current LCU | -6.18 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -762.42 million current LCU | -3.04 billion current LCU | 160.46 million current LCU | 8 |
| 2000s | -2.79 billion current LCU | -6.18 billion current LCU | -1.25 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 primary balance, excluding interest in Eritrea?
- Primary balance, excluding interest in Eritrea was -5.38 billion current LCU in 2009, according to World Bank country economists.
- What is the highest primary balance, excluding interest recorded in Eritrea?
- The highest recorded value was 160.46 million current LCU in 1994.
- What is the lowest primary balance, excluding interest recorded in Eritrea?
- The lowest recorded value was -6.18 billion current LCU in 2008.
- How does Eritrea rank for primary balance, excluding interest?
- Eritrea ranks 24th out of 50 countries with data for 2009.
- Is primary balance, excluding interest rising or falling in Eritrea?
- Over the last ten years it is down 77.4%. 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 Primary balance, excluding interest (current LCU). Statizoid updates them automatically from the source API.
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About this data
Primary deficit, excluding interest (current LCU).