Eritrea Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Eritrea's government debt to gdp was 260.39% in 2019, ranked 189th globally. This represents a 2.5% decrease from 2018. Data from IMF WEO, covering 2000–2019.
Overview
Eritrea's government debt to gdp stood at 260.39% in 2019, a decline of +6.70% from 2018. Eritrea ranked 189th globally.
Eritrea’s government debt-to‑GDP ratio has risen steadily over the past two decades, moving from 219.10 in 2000 to a peak of 290.39 in 2017 before easing to 260.39 in 2019, placing the country 189th globally. The trough of 171.57 in 2011 marked the lowest level of indebtedness during the period, after which fiscal pressures and external borrowing pushed the ratio upward. Compared with peers, Eritrea’s 2019 figure exceeds Sudan’s 216.50 and Japan’s 236.38, but remains below Greece’s 183.69 and Lebanon’s 172.10, highlighting a relatively high debt burden among similarly ranked economies. The upward trajectory since the 2011 trough suggests that without significant fiscal consolidation or growth‑enhancing reforms, the debt ratio is likely to remain elevated, while any sustained improvement in revenue mobilization or external financing conditions could reverse the current trend.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2019 | 260.39% | −6.70% | #189 |
| 2018 | 267.09% | −23.29% | #189 |
| 2017 | 290.39% | +39.16% | #189 |
| 2016 | 251.23% | −20.18% | #189 |
| 2015 | 271.41% | +66.93% | #189 |
| 2014 | 204.48% | −27.95% | #188 |
| 2013 | 232.43% | +60.85% | #189 |
| 2012 | 171.58% | +0.01% | #188 |
| 2011 | 171.57% | −30.22% | #184 |
| 2010 | 201.79% | −5.27% | #185 |
| 2009 | 207.05% | −52.61% | #186 |
| 2008 | 259.67% | +58.39% | #185 |
| 2007 | 201.28% | +2.23% | #184 |
| 2006 | 199.05% | −6.33% | #183 |
| 2005 | 205.37% | +11.86% | #178 |
Detected Pattern
Analysis
Eritrea matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's government debt to gdp was 260.39% in 2019. Ranked 189th globally. This represents a 2.5% decrease from the previous year.
Eritrea's government debt to gdp peaked at 290.39% in 2017.
The lowest government debt to gdp in Eritrea was 171.57% in 2011.
Eritrea ranks 189th globally in government debt to gdp as of 2019.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
The government debt to gdp of Eritrea in 2019 was 260.39%. This ranks 189th in the world.
Cite this page
@misc{historysaid_eritrea_government-debt-to-gdp,
title = {Eritrea Government Debt to GDP},
url = {https://historysaid.com/eritrea/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}