Total Credit — Value Standard Local Currency in Eritrea
Eritrea: Total Credit — Value Standard Local Currency was 21,318 million SLC in 2014. ◆ Volatile
Total Credit — Value Standard Local Currency in Eritrea, 1995–2014
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Eritrea recorded 21,318 million SLC for total credit — value standard local currency in 2014. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 108.4% on the previous year and up 417.4% over ten years.
Over the whole period, total credit — value standard local currency in Eritrea peaked at 21,318 million SLC in 2014 and was at its lowest, 674.15 million SLC, in 1995.
Eritrea ranks 131st of 165 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value Standard Local Currency in Eritrea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1995 | 674.15 million SLC | — |
| 1996 | 1,649 million SLC | +144.6% |
| 1997 | 1,883 million SLC | +14.2% |
| 1998 | 2,769 million SLC | +47.1% |
| 1999 | 2,154 million SLC | -22.2% |
| 2000 | 1,985 million SLC | -7.8% |
| 2001 | 2,470 million SLC | +24.4% |
| 2002 | 2,913 million SLC | +17.9% |
| 2003 | 3,648 million SLC | +25.3% |
| 2004 | 4,120 million SLC | +12.9% |
| 2005 | 4,653 million SLC | +12.9% |
| 2006 | 3,745 million SLC | -19.5% |
| 2007 | 3,252 million SLC | -13.2% |
| 2008 | 3,130 million SLC | -3.8% |
| 2009 | 3,343 million SLC | +6.8% |
| 2010 | 5,201 million SLC | +55.6% |
| 2011 | 5,577 million SLC | +7.2% |
| 2012 | 5,602 million SLC | +0.5% |
| 2013 | 10,231 million SLC | +82.6% |
| 2014 | 21,318 million SLC | +108.4% |
Eritrea compared with similar countries
- Eritrea's 21,318 million SLC is below the median for low income countries, which is 673,676 million SLC, 3% of the median. (21 countries reporting)
- Eritrea's 21,318 million SLC is below the median for Sub-Saharan Africa, which is 494,292 million SLC, 4% of the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,826 million SLC | 674.15 million SLC | 2,769 million SLC | 5 |
| 2000s | 3,326 million SLC | 1,985 million SLC | 4,653 million SLC | 10 |
| 2010s | 9,586 million SLC | 5,201 million SLC | 21,318 million SLC | 5 |
Countries ranked near Eritrea
More agriculture & rural data for Eritrea
- Agriculture, forestry, and fishing, value added (current US$), annual 13.26 % change on previous year (2009)
- Agriculture, forestry, and fishing, value added (current US$), per 0.1412 current US$ per US$ of GDP (2009)
- Agriculture, forestry, and fishing, value added (current US$), per 90.81 current US$ per person (2009)
- Rural population, annual growth rate 2.01 % change on previous year (2025)
- Rural population, per unit of GDP 0.0009 units per US$ of GDP (2011)
- Rural population, per capita 0.6546 units per person (2025)
- Share of GDP from agriculture 14.1% (2009)
- Agriculture as a share of GDP vs. GDP per capita 14.1% (2009)
- Rural population 65.5% (2025)
- Rural population growth 2.0% (2025)
Frequently asked questions
- What is total credit — value standard local currency in Eritrea?
- Total credit — value standard local currency in Eritrea was 21,318 million SLC in 2014, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Eritrea?
- The highest recorded value was 21,318 million SLC in 2014.
- What is the lowest total credit — value standard local currency recorded in Eritrea?
- The lowest recorded value was 674.15 million SLC in 1995.
- How does Eritrea rank for total credit — value standard local currency?
- Eritrea ranks 131st out of 165 countries with data for 2014.
- Is total credit — value standard local currency rising or falling in Eritrea?
- Over the last ten years it is up 417.4%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.