Current account balance in US dollars — all countries

Current account balance in US dollars — Eritrea

Current account balance in US dollars in Eritrea in 2019 — 0.26 bn US$. Ranked 59 in the world out of 195. Since 1992, the indicator has risen by 36.7%.

2019 0.26 bn US$ −17.36% vs 2018
World rank 59of 195
Period maximum 0.47 bn US$2017
Period minimum -0.21 bn US$1999

Trend over time

1992–2019 · billion US$

Current account balance in US dollars — Eritrea, 1992–2019-0.4-0.200.20.40.619921995199820012004200720102013201620191992: 0.19 bn US$1993: 0.12 bn US$1994: 0.16 bn US$1995: 0.05 bn US$1996: 0.02 bn US$1997: 0.04 bn US$1998: -0.17 bn US$1999: -0.21 bn US$2000: -0.12 bn US$2001: -0.14 bn US$2002: 0 bn US$2003: -0.02 bn US$2004: -0.01 bn US$2005: 0 bn US$2006: -0.04 bn US$2007: -0.08 bn US$2008: -0.07 bn US$2009: -0.15 bn US$2010: -0.18 bn US$2011: 0.26 bn US$2012: 0.28 bn US$2013: 0.05 bn US$2014: 0.46 bn US$2015: 0.45 bn US$2016: 0.3 bn US$2017: 0.47 bn US$2018: 0.31 bn US$2019: 0.26 bn US$
Change over the period: +0.07 (+36.7%) Average annual rate: 1.16 %

Comparison, 2019

How the value compares with the world and the groups this territory belongs to: Eritrea

Eritrea 0.26 bn US$
World computed 393.26 bn US$
Sub-Saharan Africa computed -57.13 bn US$
Eastern Africa computed -16.94 bn US$
Low-income countries computed -28 bn US$
Current account balance in US dollars — Eritrea, by year Eritrea All countries CSV XLSX
Year bn US$ Change Change, %
2019 0.26 −0.05 −17.36%
2018 0.31 −0.16 −33.97%
2017 0.47 +0.17 +58.59%
2016 0.3 −0.16 −34.29%
2015 0.45 −0.01 −1.95%
2014 0.46 +0.42 +924.44%
2013 0.05 −0.24 −83.99%
2012 0.28 +0.02 +6.44%
2011 0.26 +0.45 +245.05%
2010 -0.18 −0.04 −23.81%
2009 -0.15 −0.08 −107.04%
2008 -0.07 +0.01 +12.35%
2007 -0.08 −0.04 −88.37%
2006 -0.04 −0.05 −1,175%
2005 0 +0.01 +157.14%
2004 -0.01 +0.01 +56.25%
2003 -0.02 −0.02
2002 0 +0.14 +100%
2001 -0.14 −0.03 −25.22%
2000 -0.12 +0.09 +43.9%
1999 -0.21 −0.04 −22.75%
1998 -0.17 −0.21 −517.5%
1997 0.04 +0.02 +122.22%
1996 0.02 −0.03 −64%
1995 0.05 −0.11 −68.75%
1994 0.16 +0.04 +37.93%
1993 0.12 −0.07 −38.3%
1992 0.19

About the indicator

The current account balance in billions of US dollars: trade in goods and services, income from investment and labor, and current transfers, all together. A positive value means a country exports capital, a negative one that it imports it. By definition the sum over all countries of the world should be zero, but in practice it fails to balance by several hundred billion: the discrepancy comes from countries recording the same flows differently.

Important: The same indicator as a percent of GDP is available separately, and for comparing countries it suits better. The absolute value is needed to see the scale of the flows in the world economy.

Source: World Economic Outlook (IMF), license IMF open data.