Eritrea recorded a Government Budget deficit equal to 5.20 percent of the country's Gross Domestic Product in 2020. source: AFDB

Government Budget in Eritrea averaged -11.99 percent of GDP from 2003 until 2020, reaching an all time high of 4.20 percent of GDP in 2018 and a record low of -21.10 percent of GDP in 2008. This page provides - Eritrea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Eritrea Government Budget - values, historical data and charts - was last updated on April of 2021.

Government Budget in Eritrea is expected to reach -5.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Eritrea Government Budget is projected to trend around -8.00 percent of GDP in 2022, according to our econometric models.

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Eritrea Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.20 -1.60 4.20 -21.10 2003 - 2020 percent of GDP Yearly

Eritrea Government Last Previous Highest Lowest Unit
Government Debt to GDP 64.00 20.10 65.20 20.10 percent [+]
Government Budget -5.20 -1.60 4.20 -21.10 percent of GDP [+]
Credit Rating 15.00 [+]


Eritrea Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.