Annual GDP growth in Eritrea
Eritrea: Annual GDP growth was 8.7% in 2011. ◆ Volatile
Latest (2011)
8.7%
Change on year
up 296.3%
World rank
5th
of 211 countries
All-time high
8.8%
in 2001
All-time low
-9.8%
in 2008
Years of data
12
2000–2011
Annual GDP growth in Eritrea, 2000–2011
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2011, annual gdp growth in Eritrea stood at 8.7%.
That represents a change of up 296.3% on the previous year and down 0.9% over ten years.
Over the whole period, annual gdp growth in Eritrea peaked at 8.8% in 2001 and was at its lowest, -9.8%, in 2008.
Eritrea ranks 5th of 211 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5% | -9.8% | 8.8% | 10 |
| 2010s | 5.4% | 2.2% | 8.7% | 2 |
Countries ranked near Eritrea
- 2 Guyana 33.8% compare
- 3 Northern Mariana Islands 16.6% compare
- 4 Libya 10.2% compare
- 6 Samoa 8.6% compare
- 7 Democratic Republic of Congo 8.6% compare
- 8 Armenia 8.3% compare
- 8 Tajikistan 8.3% compare
More economy & growth data for Eritrea
- External balance on goods and services as a percent of GDP -11.1% (2011)
- GDP per capita 751.38 constant 2015 US$ (2011)
- Share of manufacturing in gross domestic product (GDP) 5.5% (2009)
- Gross domestic product (GDP) 2.25 billion constant 2015 US$ (2011)
- GDP per capita in international and market dollars 751.38 constant 2015 US$ (2011)
- DEC alternative conversion factor 15.07 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.43 billion current LCU (2009)
- Net secondary income (Net current transfers from abroad) 353.00 million current US$ (2009)
- Taxes less subsidies on products 795.00 million current LCU (2009)
- Taxes less subsidies on products 51.71 million current US$ (2009)
Frequently asked questions
- What is annual gdp growth in Eritrea?
- Annual gdp growth in Eritrea was 8.7% in 2011, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Eritrea?
- The highest recorded value was 8.8% in 2001.
- What is the lowest annual gdp growth recorded in Eritrea?
- The lowest recorded value was -9.8% in 2008.
- How does Eritrea rank for annual gdp growth?
- Eritrea ranks 5th out of 211 countries with data for 2011.
- Is annual gdp growth rising or falling in Eritrea?
- Over the last ten years it is down 0.9%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)