Eritrea's debt service on external debt, total (TDS, current US$) was US$21.22 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 51.45% from US$43.69 million in 2014 (6.97% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$21.22 million | 2024 |
| Five years earlier | US$19.83 million | 2019 |
| Ten years earlier | US$43.69 million | 2014 |
| Highest | US$93.08 million | 2012 |
| Lowest | US$150,000 | 1995 |
| Average since 2015 | US$22.08 million | 2015–2024 |
| First recorded | US$150,000 |
What the numbers say
In 2024, Eritrea's debt service on external debt, total (TDS, current US$) rose 31.5% on 2023 (from US$16.13 million to US$21.22 million).
Across the 26 yearly changes before that (1998 to 2023), the average change was +41.6% and a typical year strayed about 135.7% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 603.7% in 1998 and the biggest yearly fall was 49.7% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about US$1.42 million a year. A straight line explains 69% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Eritrea had the 118th highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Eritrea | US$21.22 million | 2024 |
| Low income | US$12.13 billion | 2024 |
Closest to Eritrea in the 2024 ranking
- Timor-Leste — 115th of 120: US$26.06 million
- Solomon Islands — 116th of 120: US$25.98 million
- Comoros — 117th of 120: US$24.64 million
- Somalia, Fed. Rep. — 119th of 120: US$16.3 million
- São Tomé and Principe — 120th of 120: US$5.22 million
What this measures
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 29 values
| Year | Debt service on external debt, total (TDS, current US$) |
|---|---|
| 2024 | 21,215,213 |
| 2023 | 16,131,561 |
| 2022 | 15,683,884 |
| 2021 | 19,343,195 |
| 2020 | 18,879,726 |
| 2019 | 19,826,910 |
| 2018 | 26,761,469 |
| 2017 | 25,526,072 |
| 2016 | 25,526,987 |
| 2015 | 31,924,933 |
Debt service on external debt, total (TDS, current US$) in nearby economies
- Angola — US$10.87 billion (2024)
- Benin — US$1.14 billion (2024)
- Botswana — US$275.16 million (2024)
- Burkina Faso — US$884.32 million (2024)
- Burundi — US$35.82 million (2024)
- Cabo Verde — US$152.48 million (2024)
- Cameroon — US$1.68 billion (2024)
- Central African Republic — US$56.51 million (2024)
- Chad — US$365.92 million (2024)
More economic policy & debt data for Eritrea
- Adjusted savings, education expenditure (% of GNI) — 1.72% (2021)
- Adjusted savings, mineral depletion (current US$) — US$406.57 million (2021)
- Grants, excluding technical cooperation (BoP, current US$) — US$122.44 million (2023)
- Net official development assistance and official aid received (current US$) — US$129.19 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$129.19 million (2023)
- Net official development assistance received (current US$) — US$129.19 million (2023)
- Net official development assistance received (constant 2023 US$) — US$129.19 million (2023)
- Net ODA received per capita (current US$) — US$37.23 (2023)
Reading data like this
Questions people ask
- What is Eritrea's debt service on external debt, total (TDS, current US$)?
- US$21.22 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 14,043% from US$150,000 in 1995 (18.62% a year on average, compounded). The highest value was US$93.08 million in 2012 and the lowest US$150,000 in 1995.
- How does Eritrea rank?
- 118th highest of 120 economies with data for 2024.
- Is the latest change in debt service on external debt, total (TDS, current US$) unusual for Eritrea?
- In 2024, Eritrea's debt service on external debt, total (TDS, current US$) rose 31.5% on 2023 (from US$16.13 million to US$21.22 million). Across the 26 yearly changes before that (1998 to 2023), the average change was +41.6% and a typical year strayed about 135.7% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.TDS.DECT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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