Eritrea Current Account to GDP

Eritrea recorded a Current Account surplus of 1.30 percent of the countrys Gross Domestic Product in 2012. From 1992 until 2012, Eritrea Current Account to GDP averaged -1.7 Percent reaching an all time high of 39.4 Percent in December of 1992 and a record low of -39.3 Percent in December of 1998. 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. This page provides - Eritrea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.30 0.20 39.43 -39.27 4.89 | 2013/12 1992 - 2012 Percent Yearly

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Eritrea Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -228.88 2011-12-31 -392.84 -159.97 -599.11 -303.20 2012-12-31 USD Million [+]
Current Account 70.00 2013-12-31 66.00 188.10 -167.00 244.53 2014-06-30 USD Million [+]
Current Account to GDP 1.30 2012-12-31 0.20 39.43 -39.27 4.89 2013-12-31 Percent [+]
Exports 374.90 2011-12-31 101.39 374.90 54.50 391.70 2012-12-31 USD Million [+]
Imports 603.78 2011-12-31 494.23 663.16 214.47 387.21 2012-12-31 USD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Eritrea Sales Tax Rate | VAT at 4.00 Percent  
The Sales Tax Rate in Eritrea stands at 4 percent. Sales Tax Rate in Eritrea is reported by the Ministry of Finance.
Eritrea Balance of Trade at -228.88 USD Million  
Eritrea recorded a trade deficit of 228.88 USD Million in 2011.
Eritrea Current Account at 70.00 USD Million  
Eritrea recorded a Current Account surplus of 70 USD Million in 2013.
Eritrea Imports at 603.78 USD Million  
Imports in Eritrea increased to 603.78 USD Million in 2011 from 494.23 USD Million in 2010.
Eritrea Exports at 374.90 USD Million  
Exports in Eritrea increased to 374.90 USD Million in 2011 from 101.39 USD Million in 2010.
Eritrea Inflation Rate at 12.30 Percent  
The inflation rate in Eritrea was recorded at 12.50 percent in 2012.
Eritrea GDP per capita at 200.45 USD  
The Gross Domestic Product per capita in Eritrea was last recorded at 200.45 US dollars in 2012. The GDP per Capita in Eritrea is equivalent to 2 percent of the worlds average. GDP per capita in Eritrea is reported by the World Bank.
Eritrea GDP per capita PPP at 488.04 USD  
The Gross Domestic Product per capita in Eritrea was last recorded at 488.04 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Eritrea, when adjusted by Purchasing Power Parity is equivalent to 2 percent of the worlds average. GDP per capita PPP in Eritrea is reported by the World Bank.
Eritrea Population at 6.13 Million  
The total population in Eritrea was last recorded at 6.1 million people in 2012 from 1.4 million in 1960, changing 338 percent during the last 50 years. Population in Eritrea is reported by the World Bank.
Eritrea GDP at 3.09 USD Billion  
The Gross Domestic Product (GDP) in Eritrea was worth 3.09 billion US dollars in 2012. The GDP value of Eritrea represents less than 0.01 percent of the world economy. GDP in Eritrea is reported by the World Bank.
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