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General government gross debt as a share of GDP

(%)

In 2018, government gross debt as a share of GDP in Eritrea was 174.3 %. In the ranking by government gross debt as a share of GDP including 185 countries, Eritrea has the 5th rank that is close to the positions of such countries as Venezuela (Bolivarian Republic of) and the Lebanon. Compared to Japan which at the top of the ranking with government gross debt as a share of GDP of 237.1 % in 2018, Eritrea has 26.49 % percent lower government gross debt as a share of GDP.

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What is government gross debt as a share of GDP?

Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

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