Eritrea Government Debt To GDP

Eritrea recorded a Government Debt to GDP of 36 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Eritrea is reported by the AFDB. From 2003 until 2011, Eritrea Government Debt To GDP averaged 54.2 Percent of GDP reaching an all time high of 62.5 Percent of GDP in December of 2005 and a record low of 36.0 Percent of GDP in December of 2011. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Eritrea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
36.00 45.80 62.50 36.00 35.56 | 2012/12 2003 - 2011 Percent of GDP Yearly

TO

Eritrea Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 36.00 2011-12-31 45.80 62.50 36.00 35.56 2012-12-31 Percent of GDP [+]
Government Budget -13.50 2012-12-31 -16.20 -13.50 -21.10 -12.36 2013-12-31 Percent of GDP [+]
Credit Rating 15.00 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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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