Eritrea's external debt stocks, short-term (DOD, current US$) was US$46.45 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 17.05% from US$55.99 million in 2014 (1.85% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$46.45 million | 2024 |
| Five years earlier | US$32.72 million | 2019 |
| Ten years earlier | US$55.99 million | 2014 |
| Highest | US$69.9 million | 2015 |
| Lowest | US$0 | 1994 |
| Average since 2015 | US$39.74 million | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, Eritrea's external debt stocks, short-term (DOD, current US$) rose US$2.58 million on 2023 (from US$43.86 million to US$46.45 million).
Across the 29 yearly changes before that (1995 to 2023), the average change was +US$1.51 million and a typical year strayed about US$11.78 million from that (the standard deviation). This year's change was 0.1 standard deviations above 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 US$30.3 million in 2014 and the biggest yearly fall was US$43.26 million in 2016. 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 102nd highest value of the 118 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$46.45 million | 2024 |
| Low income | US$10.95 billion | 2024 |
Closest to Eritrea in the 2024 ranking
- Myanmar — 98th of 118: US$63.96 million
- Guyana — 99th of 118: US$63.73 million
- Gambia, The — 100th of 118: US$61.55 million
- Mali — 102nd of 118: US$41.8 million
- Turkmenistan — 103rd of 118: US$30.91 million
- Niger — 104th of 118: US$29.66 million
What this measures
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 31 values
| Year | External debt stocks, short-term (DOD, current US$) |
|---|---|
| 2024 | 46,446,061 |
| 2023 | 43,863,591 |
| 2022 | 40,389,670 |
| 2021 | 38,874,735 |
| 2020 | 37,351,623 |
| 2019 | 32,723,167 |
| 2018 | 34,034,522 |
| 2017 | 27,182,241 |
| 2016 | 26,639,109 |
| 2015 | 69,896,191 |
External debt stocks, short-term (DOD, current US$) in nearby economies
- Angola — US$5.81 billion (2024)
- Benin — US$1.27 billion (2024)
- Botswana — US$144.67 million (2024)
- Burkina Faso — US$0 (2024)
- Burundi — US$2.65 million (2024)
- Cabo Verde — US$388.09 million (2024)
- Cameroon — US$950.9 million (2024)
- Central African Republic — US$126.47 million (2024)
- Chad — US$29.49 million (2024)
- Comoros
More economic policy & debt data for Eritrea
- Adjusted savings, education expenditure (% of GNI) — 1.72% (2021)
- Adjusted savings, mineral depletion (current US$) — 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$37.23 (2023)
Reading data like this
Questions people ask
- What is Eritrea's external debt stocks, short-term (DOD, current US$)?
- US$46.45 million in 2024, according to the World Bank (World Development Indicators).
- How does Eritrea rank?
- 102nd highest of 118 economies with data for 2024.
- Is the latest change in external debt stocks, short-term (DOD, current US$) unusual for Eritrea?
- In 2024, Eritrea's external debt stocks, short-term (DOD, current US$) rose US$2.58 million on 2023 (from US$43.86 million to US$46.45 million). Across the 29 yearly changes before that (1995 to 2023), the average change was +US$1.51 million and a typical year strayed about US$11.78 million from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).
Source
World Bank, World Development Indicators, indicator DT.DOD.DSTC.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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