Eritrea - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Eritrea was ($228,887,200) as of 2011. Over the past 19 years, the value for this indicator has fluctuated between ($159,972,100) in 1992 and ($599,112,200) in 2004.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1992 ($159,972,100)
1993 ($191,578,100)
1994 ($291,590,900)
1995 ($349,968,700)
1996 ($403,291,000)
1997 ($385,705,300)
1998 ($486,519,900)
1999 ($531,781,300)
2000 ($342,873,200)
2001 ($379,559,600)
2002 ($386,743,100)
2003 ($531,923,000)
2004 ($599,112,200)
2005 ($535,752,900)
2006 ($381,053,700)
2007 ($303,343,100)
2008 ($299,548,400)
2009 ($351,192,000)
2010 ($392,844,200)
2011 ($228,887,200)

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Eritrea was -3,519,140,000 as of 2011. As the graph below shows, over the past 19 years this indicator reached a maximum value of -733,200,000 in 1992 and a minimum value of -8,260,259,000 in 2004.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1992 -733,200,000
1993 -1,001,800,000
1994 -1,796,200,000
1995 -2,239,800,000
1996 -2,563,600,000
1997 -2,777,040,000
1998 -3,581,711,000
1999 -4,335,400,000
2000 -3,300,155,000
2001 -4,292,629,000
2002 -5,398,237,000
2003 -7,381,974,000
2004 -8,260,259,000
2005 -8,233,397,000
2006 -5,858,700,000
2007 -4,663,900,000
2008 -4,605,557,000
2009 -5,399,577,000
2010 -6,039,979,000
2011 -3,519,140,000

External balance on goods and services (constant LCU)

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2011 -3,519,140,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Eritrea was -11.08 as of 2011. Its highest value over the past 19 years was -11.08 in 2011, while its lowest value was -77.19 in 1999.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1992 -33.53
1993 -40.95
1994 -54.84
1995 -60.55
1996 -58.15
1997 -56.19
1998 -65.26
1999 -77.19
2000 -48.54
2001 -50.45
2002 -53.03
2003 -61.12
2004 -54.02
2005 -48.77
2006 -31.46
2007 -23.02
2008 -21.70
2009 -18.91
2010 -24.71
2011 -11.08

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts