Eritrea's multilateral debt service (% of public and publicly guaranteed debt service) was 27.21% in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.9 percentage points from 29.11% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 27.21% | 2024 |
| Five years earlier | 27.5% | 2019 |
| Ten years earlier | 29.11% | 2014 |
| Highest | 100% | 1995 |
| Lowest | 16.15% | 2015 |
| Average since 2015 | 26.31% | 2015–2024 |
| First recorded | 100% | 1995 |
What the numbers say
In 2024, Eritrea's multilateral debt service (% of public and publicly guaranteed debt service) fell 10.12 percentage points on 2023 (from 37.33% to 27.21%).
Across the 26 yearly changes before that (1998 to 2023), the average change was −0.6 percentage points and a typical year strayed about 15.4 percentage points from that (the standard deviation). This year's change was 0.6 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 31.55 percentage points in 1999 and the biggest yearly fall was 36.75 percentage points in 1998. 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 upward, about 2.07 percentage points a year. A straight line explains 74% 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 83rd highest value of the 119 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 | 27.21% | 2024 |
| Low income | 44.65% | 2024 |
Closest to Eritrea in the 2024 ranking
What this measures
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 29 values
| Year | Multilateral debt service (% of public and publicly guaranteed debt service) |
|---|---|
| 2024 | 27.21 |
| 2023 | 37.33 |
| 2022 | 36.63 |
| 2021 | 29.53 |
| 2020 | 28.56 |
| 2019 | 27.5 |
| 2018 | 22.14 |
| 2017 | 20 |
| 2016 | 18.06 |
| 2015 | 16.15 |
| 2014 |
Multilateral debt service (% of public and publicly guaranteed debt service) in nearby economies
- Angola — 4.98% (2024)
- Benin — 21.01% (2024)
- Botswana — 99.01% (2024)
- Burkina Faso — 77.19% (2024)
- Burundi — 68.46% (2024)
- Cabo Verde — 50.85% (2024)
- Cameroon — 26.9% (2024)
- Central African Republic — 58.45% (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 multilateral debt service (% of public and publicly guaranteed debt service)?
- 27.21% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 72.79 percentage points from 100% in 1995. The highest value was 100% in 1995 and the lowest 16.15% in 2015.
- How does Eritrea rank?
- 83rd highest of 119 economies with data for 2024.
- Is the latest change in multilateral debt service (% of public and publicly guaranteed debt service) unusual for Eritrea?
- In 2024, Eritrea's multilateral debt service (% of public and publicly guaranteed debt service) fell 10.12 percentage points on 2023 (from 37.33% to 27.21%). Across the 26 yearly changes before that (1998 to 2023), the average change was −0.6 percentage points and a typical year strayed about 15.4 percentage points from that (the standard deviation). This year's change was 0.6 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.MLAT.PG.ZS, 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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