Eritrea Current Account to GDP
Current account balance (trade, income and transfers) as a percentage of GDP.
Current Account to GDP in Eritrea decreased to 13.00 percent of GDP in 2019 from 15.50 percent of GDP in 2018.
Eritrea Current Account to GDP — History
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Eritrea Current Account to GDP — analysis in simple words
Latest reading
Current Account to GDP in Eritrea decreased to 13.00 percent of GDP in 2019 from 15.50 percent of GDP in 2018.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2018) it was 15.5%, so the latest figure is 2.5 percentage points lower.
Over the past five years the average was 17.8%, with a range from 13.0% to 24.8%. The latest value is below that five-year average.
Historical context
This data series starts in 1992 and has 28 annual observations. The latest reading is higher than 68% of all of them.
The highest value on record is 37.0% (1994) and the lowest is -33.3% (1999). The long-run average is 3.6%.
Compared with other countries
Among 198 economies with recent data, Eritrea ranks 18th from the top. The median across all these economies is -1.1%, so Eritrea is above the typical country.
Within Sub-Saharan Africa (48 economies with data) it ranks 1st; the regional median is -3.8%.
Statistics
- Latest
- 13.0%2019
- Previous
- 15.5%
- 5-year average
- 17.8%
- Long-run average
- 3.6%since 1992
- All-time high
- 37.0%1994
- All-time low
- -33.3%1999
- Observations
- 28Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2019 | 13.0% | ▼ −2.5 pp |
| 2018 | 15.5% | ▼ −9.3 pp |
| 2017 | 24.8% | ▲ +11.4 pp |
| 2016 | 13.4% | ▼ −9.0 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% | ▼ −5.0 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 | 3.0% | ▼ −7.3 pp |
| 1995 | 10.3% | ▼ −26.7 pp |
| 1994 | 37.0% | ▲ +6.1 pp |
| 1993 | 30.9% | ▼ −0.1 pp |
| 1992 | 31.0% |
Current Account to GDP — Eritrea vs Peers
Latest available reading for each economy (periods may differ). Eritrea highlighted.
More Eritrea indicators
Understanding Current Account to GDP — a simple guide
What it measures
The current account balance — trade in goods and services plus net income and transfers from abroad — as a percentage of GDP.
How it is calculated
Current account balance (trade in goods and services + income from abroad + transfers such as remittances) ÷ GDP × 100.
If a country’s current account deficit is $40 billion and GDP is $4,000 billion, the ratio is −1%.
A surplus means the country earns more from the world than it spends and lends the difference abroad.
A deficit must be financed by foreign investment or borrowing. Large deficits can make a currency more sensitive to global capital flows.
Why it matters for the economy and markets
It shows whether a country is a net lender to or borrower from the rest of the world. Large deficits must be financed by foreign capital, which can make a currency sensitive to shifts in global risk appetite.
How to read it
Deficits of around 3% of GDP or more are commonly watched by markets, especially when financed by short-term flows rather than direct investment.
What to look at alongside it
Foreign direct investment, foreign exchange reserves, exchange rate and oil prices.
Key terms
- Remittances
- Money sent home by people working abroad.
- CAD
- Current account deficit.
Data source
IMF — World Economic Outlook (series BCA_NGDPD), annual data from 1992 to 2019. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current current account to gdp of Eritrea?
What is the highest and lowest current account to gdp of Eritrea?
What does current account to gdp measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.