household debts in Eritrea

Gross debt in Eritrea

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Eritrea in the period from 1998 to 2011 was between 828.8 million and 3.8 billion USD. The hightest level within the past 13 years was reached in 2009. However, the liabilities in 2011 have been only three billion USD

Based on the number of inhabitants, this is a debt of 1,033 USD per person. For comparison, the average debt per person in the same year in the European Union was 29,231 USD.

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Gross debt of the last 13 years in billion USD

YearEritrea totalEritrea per capitaEU per capita
19980.83 bn USD376 USD14,079 USD
20001.55 bn USD675 USD11,232 USD
20011.79 bn USD756 USD11,255 USD
20021.78 bn USD715 USD12,258 USD
20032.30 bn USD883 USD15,286 USD
20042.15 bn USD789 USD17,595 USD
20052.26 bn USD798 USD18,327 USD
20062.41 bn USD826 USD18,877 USD
20072.65 bn USD885 USD20,898 USD
20083.58 bn USD1,170 USD24,086 USD
20093.84 bn USD1,231 USD25,361 USD
20103.15 bn USD995 USD26,496 USD
20113.32 bn USD1,033 USD29,231 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Eritrea       European Union

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