Country · ERI
Eritrea · Finances and debt
Period
Source: IMF, World Economic Outlook (October 2026) · copied on 2026-11-11
Public finances and external accounts
Public finances
The IMF publishes no public finance figures for Eritrea.
- Fiscal balance · 2025
- n/a
- of GDP · n/a since 2020
- Public debt · 2025
- n/a
- of GDP · n/a since 2020
- Current account · 2025
- n/a
- of GDP · n/a since 2020
Fiscal balance, % of GDP
Negative: a deficit · dashed: estimates and projections
Chart data as a table
| Year | Eritrea | East Africa |
|---|---|---|
| 2015 | −2.8 % | −4.3 % |
| 2016 | −1.4 % | −3.7 % |
| 2017 | −5.7 % | −4.0 % |
| 2018 | +5.2 % | −4.1 % |
| 2019 | +2.7 % | −4.7 % |
| 2020 | n/a | −5.3 % |
| 2021 | n/a | −4.6 % |
| 2022 | n/a | −4.4 % |
| 2023 | n/a | −3.7 % |
| 2024 | n/a | −3.3 % |
| 2025 · estimate | n/a | −3.7 % |
| 2026 · projection | n/a | −4.1 % |
| 2027 · projection | n/a | −3.8 % |
| 2028 · projection | n/a | −3.6 % |
| 2029 · projection | n/a | −3.7 % |
| 2030 · projection | n/a | −3.5 % |
- Eritrea
- East Africa
Source: IMF, World Economic Outlook (October 2026) · general government net lending or borrowing · group values weighted by GDP in dollars (Syli Atlas)
Current account, % of GDP
Trade, income and transfers with the rest of the world
Chart data as a table
| Year | Eritrea |
|---|---|
| 2015 | +22.4 % |
| 2016 | +13.4 % |
| 2017 | +24.8 % |
| 2018 | +15.5 % |
| 2019 | +13.0 % |
| 2020 | n/a |
| 2021 | n/a |
| 2022 | n/a |
| 2023 | n/a |
| 2024 | n/a |
| 2025 · estimate | n/a |
| 2026 · projection | n/a |
| 2027 · projection | n/a |
| 2028 · projection | n/a |
| 2029 · projection | n/a |
| 2030 · projection | n/a |
Source: IMF, World Economic Outlook (October 2026)
Currency
Nakfa
The nakfa is pegged to the US dollar.
- Currency
- ERN
- nakfa
- Exchange regime
- Fixed
- 1 USD = 15 ERN
- Inflation · 2025
- n/a
- average annual change in consumer prices
Currency codes: ISO 4217 · fixed parities: central banks (BCEAO, BEAC, Central Bank of the Comoros, Bank of Cape Verde…) · inflation: IMF, World Economic Outlook (October 2026)
Debt
A debt owed first to multilateral lenders
At the end of 2025, Eritrea owed 627 m$ in public external debt (World Bank). 0.5 % of it was owed to China, 86.5 % to multilateral institutions and 0.0 % to bond holders.
- External debt · 2025
- 720 m$
- public and private · World Bank
- Public external debt · 2025
- 627 m$
- owed or guaranteed by the State
Public external debt by creditor
Share of the total at the end of each year
- Multilateral (IMF, World Bank, AfDB…)
- 86.5 %
- China
- 0.5 %
- Other countries
- 13.0 %
- Bonds (Eurobonds)
- 0.0 %
- Banks and other private lenders
- 0.0 %
Source: World Bank, International Debt Statistics (updated 2026-11-05) · public and publicly guaranteed external debt, end of year · CC BY 4.0 · shares: Syli Atlas calculation