Africa's Development: Annual real GDP growth rate Growth rate … 02 in Eritrea
Eritrea: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 3.84 Percent per annum in 2019. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Eritrea, 1993–2019
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Eritrea recorded 3.84 Percent per annum for africa's development dynamics (afdd) table 02 - annual real gdp in 2019.
That represents a change of down 70.6% on the previous year and down 68.5% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Eritrea peaked at 30.93 Percent per annum in 2014 and was at its lowest, -20.62 Percent per annum, in 2015.
That places Eritrea 56th out of 166 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Eritrea, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1993 | 12.88 Percent per annum | — |
| 1994 | 20.92 Percent per annum | +62.4% |
| 1995 | 2.32 Percent per annum | -88.9% |
| 1996 | 9.14 Percent per annum | +293.0% |
| 1997 | 7.9 Percent per annum | -13.5% |
| 1998 | 1.97 Percent per annum | -75.1% |
| 1999 | 0.1868 Percent per annum | -90.5% |
| 2000 | -12.35 Percent per annum | -6712.6% |
| 2001 | 8.76 Percent per annum | -170.9% |
| 2002 | 3.01 Percent per annum | -65.7% |
| 2003 | -2.66 Percent per annum | -188.4% |
| 2004 | 1.45 Percent per annum | -154.7% |
| 2005 | 2.57 Percent per annum | +77.3% |
| 2006 | -0.9692 Percent per annum | -137.6% |
| 2007 | 1.43 Percent per annum | -247.2% |
| 2008 | -19.44 Percent per annum | -1462.2% |
| 2009 | 12.18 Percent per annum | -162.7% |
| 2010 | 10.85 Percent per annum | -10.9% |
| 2011 | 25.71 Percent per annum | +136.9% |
| 2012 | 1.89 Percent per annum | -92.7% |
| 2013 | -10.46 Percent per annum | -654.4% |
| 2014 | 30.93 Percent per annum | -395.8% |
| 2015 | -20.62 Percent per annum | -166.7% |
| 2016 | 7.39 Percent per annum | -135.8% |
| 2017 | -10.01 Percent per annum | -235.5% |
| 2018 | 13.03 Percent per annum | -230.1% |
| 2019 | 3.84 Percent per annum | -70.6% |
Eritrea compared with similar countries
- Eritrea's 3.84 Percent per annum is below the median for low income countries, which is 4.94 Percent per annum, 78% of the median. (20 countries reporting)
- Eritrea's 3.84 Percent per annum is below the median for Sub-Saharan Africa, which is 4.53 Percent per annum, 85% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | -6712.6% | 0.1868 Percent per annum | -12.35 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9 Percent per annum | 0.1868 Percent per annum | 20.92 Percent per annum | 7 |
| 2000s | -0.6022 Percent per annum | -19.44 Percent per annum | 12.18 Percent per annum | 10 |
| 2010s | 5.25 Percent per annum | -20.62 Percent per annum | 30.93 Percent per annum | 10 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- SDRs holdings, US dollar, annual growth rate 2.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2011)
- SDRs holdings, US dollar, per capita 6.53 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.25 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0017 units per US$ of GDP (2011)
- SDRs holdings, SDR, per capita 4.77 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0118 units per US$ of GDP (2011)
- IMF holdings of currency, US dollar, per capita 6.04 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Eritrea?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Eritrea was 3.84 Percent per annum in 2019, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Eritrea?
- The highest recorded value was 30.93 Percent per annum in 2014.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Eritrea?
- The lowest recorded value was -20.62 Percent per annum in 2015.
- How does Eritrea rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Eritrea ranks 56th out of 166 countries with data for 2019.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Eritrea?
- Over the last ten years it is down 68.5%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.