Eritrea External Debt
Total external debt stocks DT.DOD.DECT.CD
Eritrea's external debt was $666.3M in 2025, ranked 112th globally. This represents a 3.9% decrease from 2024. Data from World Bank, covering 1994–2025.
Overview
Eritrea's external debt stood at $666.3M in 2025, a decline of +$26.9M from 2024. Based on recent trends, this figure is projected to reach $666.3M by 2025. Eritrea ranked 112th globally.
Eritrea’s external debt has risen sharply since the mid‑1990s, expanding from a trough of 29,056,800.10 in 1994 to an all‑time peak of 1,051,012,567.30 in 2011, before easing to 666,346,158.50 in 2025, which places the country at rank 112 globally. The 2025 figure is comparable to the debt stock of the Solomon Islands (662,398,757.33) and modestly lower than that of Grenada (878,576,107.39). Over the 32‑year coverage period, the debt trajectory reflects periods of intensified borrowing, likely linked to infrastructure projects and fiscal deficits, followed by a partial consolidation after 2011. The decline from the 2011 peak suggests some debt‑service capacity improvement, yet the current level remains substantially above the 1994 baseline. Continued fiscal prudence, diversification of export earnings, and access to concessional financing could further reduce the debt burden, while adverse external shocks or limited growth would risk reversing the modest downward trend.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $615.0M | - | - |
| 2026* trend | $640.7M | - | - |
| 2025* trend | $666.3M | - | - |
| 2025 | $666.3M | −$26.9M | #112 |
| 2024 | $693.3M | −$32.7M | #9 |
| 2023 | $725.9M | −$1.2M | #10 |
| 2022 | $727.1M | −$45.0M | #10 |
| 2021 | $772.1M | −$26.6M | #10 |
| 2020 | $798.7M | +$19.3M | #12 |
| 2019 | $779.3M | −$18.1M | #13 |
| 2018 | $797.5M | −$28.2M | #15 |
| 2017 | $825.7M | +$24.9M | #16 |
| 2016 | $800.8M | −$74.7M | #17 |
| 2015 | $875.5M | −$32.1M | #18 |
| 2014 | $907.6M | −$35.2M | #18 |
| 2013 | $942.8M | −$48.1M | #21 |
| 2012 | $991.0M | −$60.0M | #22 |
| 2011 | $1.1B | +$13.7M | #24 |
Detected Pattern
Analysis
Eritrea matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw external debt improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's external debt was $666.3M in 2025. Ranked 112th globally. This represents a 3.9% decrease from the previous year.
Eritrea's external debt peaked at $1.1B in 2011.
The lowest external debt in Eritrea was $29.1M in 1994.
Eritrea ranks 112th globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Eritrea's external debt is projected to reach $666.3M by 2025 based on trend extrapolation.
Eritrea's external debt was approximately 666.35 million ($666.3M) in 2025.
The external debt of Eritrea in 2025 was $666.3M. This ranks 112th in the world.
Cite this page
@misc{historysaid_eritrea_external-debt,
title = {Eritrea External Debt},
url = {https://historysaid.com/eritrea/external-debt/},
publisher = {HistorySaid},
year = {2026}
}