Current account balance — all countries

Current account balance — Eritrea

Current account balance in Eritrea in 2019 — 13%. Ranked 11 in the world out of 195. Since 1992, the indicator has fallen by 18 pp.

2019 13% −2.5 pp vs 2018
World rank 11of 195
Period maximum 37%1994
Period minimum -33.3%1999

Trend over time

1992–2019 · % of GDP

Current account balance — Eritrea, 1992–2019-40-200204019921995199820012004200720102013201620191992: 31%1993: 30.9%1994: 37%1995: 10.3%1996: 3%1997: 6.8%1998: -26.6%1999: -33.3%2000: -21.1%2001: -24.8%2002: -0.1%2003: -2.3%2004: -0.9%2005: 0.4%2006: -4.6%2007: -7.9%2008: -7.6%2009: -11.3%2010: -11.4%2011: 12.8%2012: 12.4%2013: 2.3%2014: 17.7%2015: 22.4%2016: 13.4%2017: 24.8%2018: 15.5%2019: 13%
Change over the period: −18 pp Annual average: -0.67 pp

Comparison, 2019

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

Eritrea 13%
World computed 0.43%
Sub-Saharan Africa computed -2.74%
Eastern Africa computed -3.82%
Low-income countries computed -6.81%
Current account balance — Eritrea, by year Eritrea All countries CSV XLSX
Year % Change, pp
2019 13 −2.5 pp
2018 15.5 −9.3 pp
2017 24.8 +11.4 pp
2016 13.4 −9 pp
2015 22.4 +4.7 pp
2014 17.7 +15.4 pp
2013 2.3 −10.1 pp
2012 12.4 −0.4 pp
2011 12.8 +24.2 pp
2010 -11.4 −0.1 pp
2009 -11.3 −3.7 pp
2008 -7.6 +0.3 pp
2007 -7.9 −3.3 pp
2006 -4.6 −5 pp
2005 0.4 +1.3 pp
2004 -0.9 +1.4 pp
2003 -2.3 −2.2 pp
2002 -0.1 +24.7 pp
2001 -24.8 −3.7 pp
2000 -21.1 +12.2 pp
1999 -33.3 −6.7 pp
1998 -26.6 −33.4 pp
1997 6.8 +3.8 pp
1996 3 −7.3 pp
1995 10.3 −26.7 pp
1994 37 +6.1 pp
1993 30.9 −0.1 pp
1992 31

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

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