Eritrea recorded a Current Account surplus of 13.50 percent of the country's Gross Domestic Product in 2021. source: AfDB

Current Account to GDP in Eritrea averaged 3.51 percent of GDP from 1992 until 2021, reaching an all time high of 39.43 percent of GDP in 1992 and a record low of -39.27 percent of GDP in 1998. This page provides - Eritrea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Eritrea Current Account to GDP - values, historical data and charts - was last updated on February of 2023.

Current Account to GDP in Eritrea is expected to reach 13.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Eritrea Current Account to GDP is projected to trend around 13.30 percent of GDP in 2023 and 12.80 percent of GDP in 2024, according to our econometric models.

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Eritrea Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -404.00 -397.00 USD Million Dec 2019
Current Account to GDP 13.50 11.40 percent of GDP Dec 2021
Current Account 617.00 -50.00 USD Million Dec 2017
Imports 1148.00 1066.00 USD Million Dec 2019
Exports 744.00 669.00 USD Million Dec 2019

Eritrea Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
13.50 11.40 39.43 -39.27 1992 - 2021 percent of GDP Yearly