External debt — all countries

External debt — Eritrea

External debt in Eritrea in 2024 — 693,278,617 US$. Ranked 9 in the world out of 118. Since 1994, the indicator has risen by 2,285.9%.

2024 693M US$ −4.5% vs 2023
World rank 9of 118
Period maximum 1.05B US$2011
Period minimum 29.06M US$1994

Trend over time

1994–2024 · US$

External debt — Eritrea, 1994–20240500M1B1.5B199419972000200320062009201220152018202120241994: 29,056,800 US$1995: 36,689,462 US$1996: 44,286,455 US$1997: 75,455,614 US$1998: 146,136,192 US$1999: 273,362,649 US$2000: 329,696,751 US$2001: 432,797,640 US$2002: 540,750,572 US$2003: 656,094,138 US$2004: 760,244,437 US$2005: 757,208,869 US$2006: 822,735,305 US$2007: 896,724,741 US$2008: 997,784,245 US$2009: 1,050,653,956 US$2010: 1,037,322,234 US$2011: 1,051,012,567 US$2012: 990,963,322 US$2013: 942,827,437 US$2014: 907,610,926 US$2015: 875,473,801 US$2016: 800,798,599 US$2017: 825,670,658 US$2018: 797,462,902 US$2019: 779,332,774 US$2020: 798,652,429 US$2021: 772,098,728 US$2022: 727,107,700 US$2023: 725,945,139 US$2024: 693,278,617 US$
Change over the period: +664M (+2,285.94%) Average annual rate: 11.15 %

Comparison, 2024

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

Eritrea 693M US$
Sub-Saharan Africa computed 903B US$
Eastern Africa computed 300B US$
Low-income countries computed 243B US$
External debt — Eritrea, by year Eritrea All countries CSV XLSX
Year US$ Change Change, %
2024 693M −32.67M −4.5%
2023 726M −1.16M −0.16%
2022 727M −44.99M −5.83%
2021 772M −26.55M −3.32%
2020 799M +19.32M +2.48%
2019 779M −18.13M −2.27%
2018 797M −28.21M −3.42%
2017 826M +24.87M +3.11%
2016 801M −74.68M −8.53%
2015 875M −32.14M −3.54%
2014 908M −35.22M −3.74%
2013 943M −48.14M −4.86%
2012 991M −60.05M −5.71%
2011 1.05B +13.69M +1.32%
2010 1.04B −13.33M −1.27%
2009 1.05B +52.87M +5.3%
2008 998M +101M +11.27%
2007 897M +73.99M +8.99%
2006 823M +65.53M +8.65%
2005 757M −3.04M −0.4%
2004 760M +104M +15.87%
2003 656M +115M +21.33%
2002 541M +108M +24.94%
2001 433M +103M +31.27%
2000 330M +56.33M +20.61%
1999 273M +127M +87.06%
1998 146M +70.68M +93.67%
1997 75.46M +31.17M +70.38%
1996 44.29M +7.6M +20.71%
1995 36.69M +7.63M +26.27%
1994 29.06M

About the indicator

Total external debt: the liabilities of a country's residents to non-residents in foreign and in national currency, covering public, publicly guaranteed and private debt. It differs from government debt fundamentally — it includes the borrowing of banks and corporations that the government does not guarantee but that turns out to be its problem in a crisis all the same.

Important: Only middle- and low-income countries report to the World Bank Debtor Reporting System, so the table holds about 130 of them. Aggregates for country groups are not computed: the sum over those present is the debt of developing countries, not of the world.

Source: World Development Indicators (World Bank), license CC BY 4.0.