External balance on goods and services in Eritrea
Eritrea: External balance on goods and services was -228.89 million current US$ in 2011. ▼ Falling
External balance on goods and services in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in Eritrea is -228.89 million current US$, measured in 2011.
That represents a change of up 41.7% on the previous year and up 39.7% over ten years.
Over the whole period, external balance on goods and services in Eritrea peaked at -159.97 million current US$ in 1992 and was at its lowest, -599.11 million current US$, in 2004.
That places Eritrea 88th out of 192 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -350.05 million current US$ | -531.78 million current US$ | -159.97 million current US$ | 8 |
| 2000s | -411.11 million current US$ | -599.11 million current US$ | -299.55 million current US$ | 10 |
| 2010s | -310.87 million current US$ | -392.84 million current US$ | -228.89 million current US$ | 2 |
Countries ranked near Eritrea
- 85 Sao Tome and Principe -196.66 million current US$ compare
- 86 Samoa -198.24 million current US$ compare
- 87 Guyana -207.09 million current US$ compare
- 89 Slovakia -236.80 million current US$ compare
- 90 Micronesia (country) -245.00 million current US$ compare
- 91 American Samoa -268.00 million current US$ compare
More economy & growth data for Eritrea
- Exports of goods and services 575.7% (2011)
- Gross national expenditure 43.63 billion current LCU (2011)
- Inflation, GDP deflator 19.5% (2011)
- Gross national expenditure 137.4% (2011)
- Exports of goods and services 374.90 million current US$ (2011)
- Exports of goods and services 5.76 billion current LCU (2011)
- Industry (including construction), value added 1.33 billion constant LCU (2009)
- Gross fixed capital formation 260.73 million current US$ (2011)
- Industry (including construction), value added -0.2% (2009)
- Gross national expenditure 2.84 billion current US$ (2011)
Frequently asked questions
- What is external balance on goods and services in Eritrea?
- External balance on goods and services in Eritrea was -228.89 million current US$ in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Eritrea?
- The highest recorded value was -159.97 million current US$ in 1992.
- What is the lowest external balance on goods and services recorded in Eritrea?
- The lowest recorded value was -599.11 million current US$ in 2004.
- How does Eritrea rank for external balance on goods and services?
- Eritrea ranks 88th out of 192 countries with data for 2011.
- Is external balance on goods and services rising or falling in Eritrea?
- Over the last ten years it is up 39.7%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.