Eritrea's technical cooperation grants (BoP, current US$) was US$4.98 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 12.53% from US$5.7 million in 2013 (1.33% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$4.98 million | 2023 |
| Five years earlier | US$5.07 million | 2018 |
| Ten years earlier | US$5.7 million | 2013 |
| Highest | US$60.55 million | 1996 |
| Lowest | US$3.31 million | 2022 |
| Average since 2014 | US$6.37 million | 2014–2023 |
| First recorded | US$7.31 million |
What the numbers say
In 2023, Eritrea's technical cooperation grants (BoP, current US$) rose 50.8% on 2022 (from US$3.31 million to US$4.98 million).
Across the 29 yearly changes before that (1994 to 2022), the average change was +8.4% and a typical year strayed about 64.9% from that (the standard deviation). This year's change was 0.7 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 288.1% in 1994 and the biggest yearly fall was 54.1% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 25% 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 2023, Eritrea had the 123rd highest value of the 136 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.
Closest to Eritrea in the 2023 ranking
- Guyana — 120th of 136: US$6.27 million
- Palau — 121st of 136: US$5.61 million
- Maldives — 122nd of 136: US$5.31 million
- Marshall Islands — 124th of 136: US$4.82 million
- Belize — 125th of 136: US$4.66 million
- Turkmenistan — 126th of 136: US$4.21 million
What this measures
Technical cooperation grants include free-standing technical cooperation grants, which are intended to finance the transfer of technical and managerial skills or of technology for the purpose of building up general national capacity without reference to any specific investment projects; and investment-related technical cooperation grants, which are provided to strengthen the capacity to execute specific investment projects. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 31 values
| Year | Technical cooperation grants (BoP, current US$) |
|---|---|
| 2023 | 4,984,990 |
| 2022 | 3,305,853 |
| 2021 | 3,747,918 |
| 2020 | 4,148,816 |
| 2019 | 9,043,991 |
| 2018 | 5,072,043 |
| 2017 | 8,325,387 |
| 2016 | 13,029,225 |
| 2015 | 6,436,853 |
| 2014 | 5,594,672 |
| 2013 |
Technical cooperation grants (BoP, current US$) in nearby economies
- Angola — US$46.66 million (2023)
- Benin — US$92.82 million (2023)
- Botswana — US$10.05 million (2023)
- Burkina Faso — US$122.41 million (2023)
- Burundi — US$34.78 million (2023)
- Cabo Verde — US$25.16 million (2023)
- Cameroon — US$157.38 million (2023)
- Central African Republic — US$55.46 million (2023)
- Chad — US$54.56 million (2023)
- Comoros
More economic policy & debt data for Eritrea
- Adjusted savings, education expenditure (% of GNI) — 1.72% (2021)
- Adjusted savings, mineral depletion (current US$) — 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$37.23 (2023)
Reading data like this
Questions people ask
- What is Eritrea's technical cooperation grants (BoP, current US$)?
- US$4.98 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is down 31.81% from US$7.31 million in 1993 (1.27% a year on average, compounded). The highest value was US$60.55 million in 1996 and the lowest US$3.31 million in 2022.
- How does Eritrea rank?
- 123rd highest of 136 economies with data for 2023.
- Is the latest change in technical cooperation grants (BoP, current US$) unusual for Eritrea?
- In 2023, Eritrea's technical cooperation grants (BoP, current US$) rose 50.8% on 2022 (from US$3.31 million to US$4.98 million). Across the 29 yearly changes before that (1994 to 2022), the average change was +8.4% and a typical year strayed about 64.9% from that (the standard deviation). This year's change was 0.7 standard deviations above 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 BX.GRT.TECH.CD.WD, licensed CC BY 4.0. Original source: DAC2A: Aid (ODA) disbursements to countries and regions, Organisation for Economic Co-operation and Development (OECD), uri: DSD_DAC2@DF_DAC2A, note: Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows, Developm… 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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