Total government debt in Eritrea
Eritrea: Total government debt was 40.90 billion current LCU in 2009. ◆ Volatile
Total government debt in Eritrea, 1993–2009
Source: World Bank country economists. Measured in current LCU.
Analysis
In 2009, total government debt in Eritrea stood at 40.90 billion current LCU. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 10.0% on the previous year and up 402.0% over ten years.
Over the whole period, total government debt in Eritrea peaked at 40.90 billion current LCU in 2009 and was at its lowest, 0 current LCU, in 2003.
That places Eritrea 32nd out of 44 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.
Total government debt in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1993 | 9.02 million current LCU | — |
| 1994 | 470.43 million current LCU | +5115.2% |
| 1995 | 1.21 billion current LCU | +157.3% |
| 1996 | 2.05 billion current LCU | +69.5% |
| 1997 | 2.62 billion current LCU | +27.6% |
| 1998 | 5.02 billion current LCU | +92.0% |
| 1999 | 8.15 billion current LCU | +62.2% |
| 2000 | 11.15 billion current LCU | +36.9% |
| 2001 | 14.02 billion current LCU | +25.7% |
| 2002 | 17.24 billion current LCU | +23.0% |
| 2003 | 0 current LCU | -100.0% |
| 2004 | 22.16 billion current LCU | — |
| 2005 | 25.91 billion current LCU | +16.9% |
| 2006 | 28.19 billion current LCU | +8.8% |
| 2007 | 29.69 billion current LCU | +5.3% |
| 2008 | 37.17 billion current LCU | +25.2% |
| 2009 | 40.90 billion current LCU | +10.0% |
Eritrea compared with similar countries
- Eritrea's 40.90 billion current LCU is below the median for low income countries, which is 525.00 billion current LCU, 8% of the median. (15 countries reporting)
- Eritrea's 40.90 billion current LCU is below the median for Sub-Saharan Africa, which is 525.00 billion current LCU, 8% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Total government debt 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 | +5115.2% | 9.02 million current LCU | 470.43 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.79 billion current LCU | 9.02 million current LCU | 8.15 billion current LCU | 7 |
| 2000s | 22.64 billion current LCU | 0 current LCU | 40.90 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 total government debt in Eritrea?
- Total government debt in Eritrea was 40.90 billion current LCU in 2009, according to World Bank country economists.
- What is the highest total government debt recorded in Eritrea?
- The highest recorded value was 40.90 billion current LCU in 2009.
- What is the lowest total government debt recorded in Eritrea?
- The lowest recorded value was 0 current LCU in 2003.
- How does Eritrea rank for total government debt?
- Eritrea ranks 32nd out of 44 countries with data for 2009.
- Is total government debt rising or falling in Eritrea?
- Over the last ten years it is up 402.0%. 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 Total government debt (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Data are in current local currency.