Eritrea Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Eritrea's credit to gdp was 53.24% in 2014, ranked 108th globally. This represents a 56.7% increase from 2013. Data from World Bank, covering 1995–2014.
Overview
Eritrea's credit to gdp stood at 53.24% in 2014, a rise of +19.25% from 2013. Eritrea ranked 108th globally.
Eritrea’s credit to GDP ratio rose from 17.10 in 1995 to an all‑time peak of 53.24 in 2014, placing the country at 108th in the world ranking for that year. The upward trajectory accelerated after a pronounced trough of 16.16 in 2012, suggesting a rapid expansion of external borrowing or domestic credit creation in the early 2010s. By 2014 Eritrea’s ratio was virtually identical to that of Latvia (53.22) and El Salvador (53.27), indicating convergence with middle‑income economies that have similarly leveraged credit to finance development. The twenty‑year coverage shows a more than threefold increase, reflecting deeper integration into global financial markets and possibly greater reliance on debt‑financed projects. If fiscal discipline is maintained and the government diversifies its revenue base, the credit‑to‑GDP ratio could stabilise around the current level; however, any surge in borrowing to fund large‑scale infrastructure would likely push the ratio higher in the coming years.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2014 | 53.24% | +19.25% | #108 |
| 2013 | 33.99% | +17.83% | #74 |
| 2012 | 16.16% | −1.40% | #38 |
| 2011 | 17.56% | −3.72% | #43 |
| 2010 | 21.28% | +4.51% | #48 |
| 2009 | 16.77% | −5.29% | #38 |
| 2008 | 22.06% | +1.33% | #52 |
| 2007 | 20.74% | −5.25% | #48 |
| 2006 | 25.99% | −1.57% | #64 |
| 2005 | 27.56% | +0.62% | #74 |
| 2004 | 26.94% | −3.27% | #73 |
| 2003 | 30.21% | +1.60% | #75 |
| 2002 | 28.61% | −0.42% | #72 |
| 2001 | 29.03% | −0.16% | #70 |
| 2000 | 29.19% | −4.09% | #67 |
Detected Pattern
Analysis
Eritrea matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's credit to gdp was 53.24% in 2014. Ranked 108th globally. This represents a 56.7% increase from the previous year.
Eritrea's credit to gdp peaked at 53.24% in 2014.
The lowest credit to gdp in Eritrea was 16.16% in 2012.
Eritrea ranks 108th globally in credit to gdp as of 2014.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Eritrea in 2014 was 53.24%. This ranks 108th in the world.
Cite this page
@misc{historysaid_eritrea_credit-to-gdp,
title = {Eritrea Credit to GDP},
url = {https://historysaid.com/eritrea/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}