Eritrea recorded a Current Account surplus of 12.40 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Eritrea averaged 4.55 percent of GDP from 1992 until 2024, reaching an all time high of 39.43 percent of GDP in 1992 and a record low of -39.27 percent of GDP in 1998. source: AFDB

Current Account to GDP in Eritrea is expected to reach 13.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Eritrea Current Account to GDP is projected to trend around 12.70 percent of GDP in 2026 and 14.10 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -89.00 -7.00 USD Million Dec 2024
Current Account to GDP 12.40 14.10 percent of GDP Dec 2024
Exports 482.00 481.00 USD Million Dec 2024
Imports 571.00 488.00 USD Million Dec 2024



Eritrea Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
12.40 14.10 39.43 -39.27 1992 - 2024 percent of GDP Yearly