Discrepancy in expenditure estimate of GDP in Eritrea
Eritrea: Discrepancy in expenditure estimate of GDP was -8.36 billion current LCU in 2011. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Eritrea recorded -8.36 billion current LCU for discrepancy in expenditure estimate of gdp in 2011. That is the lowest value across all 20 years on record.
The figure is down 3.1% on the previous year and down 8,359,900,000.0% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp in Eritrea peaked at 100 current LCU in 2001 and was at its lowest, -8.36 billion current LCU, in 2011.
Eritrea ranks 175th of 185 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Discrepancy in expenditure estimate of GDP in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 0 current LCU | — |
| 1993 | -11.40 million current LCU | — |
| 1994 | -9.00 million current LCU | -21.1% |
| 1995 | -9.00 million current LCU | -0.0% |
| 1996 | 0 current LCU | -100.0% |
| 1997 | 0 current LCU | — |
| 1998 | 0 current LCU | — |
| 1999 | 0 current LCU | — |
| 2000 | -100 current LCU | — |
| 2001 | 100 current LCU | -200.0% |
| 2002 | 100 current LCU | +0.0% |
| 2003 | -100 current LCU | -200.0% |
| 2004 | 100 current LCU | -200.0% |
| 2005 | 0 current LCU | -100.0% |
| 2006 | 0 current LCU | — |
| 2007 | 0 current LCU | — |
| 2008 | 0 current LCU | — |
| 2009 | 0 current LCU | — |
| 2010 | -8.11 billion current LCU | — |
| 2011 | -8.36 billion current LCU | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.67 million current LCU | -11.40 million current LCU | 0 current LCU | 8 |
| 2000s | 10 current LCU | -100 current LCU | 100 current LCU | 10 |
| 2010s | -8.24 billion current LCU | -8.36 billion current LCU | -8.11 billion current LCU | 2 |
Countries ranked near Eritrea
- 172 Bosnia and Herzegovina -2.99 billion current LCU compare
- 173 Lesotho -4.38 billion current LCU compare
- 174 Puerto Rico -5.12 billion current LCU compare
- 176 Tunisia -11.38 billion current LCU compare
- 177 Guyana -12.45 billion current LCU compare
- 178 South Africa -38.57 billion current LCU compare
More economy & growth data for Eritrea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- Gross value added at basic prices (GVA) (current LCU), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 14.95 current LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current LCU), per capita 9,610 current LCU per person (2009)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.29 % change on previous year (2009)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 3.86 constant LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (constant LCU), per capita 2,480 constant LCU per person (2009)
- GDP (current US$), annual growth rate 29.91 % change on previous year (2011)
- GDP (current US$), per capita 688.68 current US$ per person (2011)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Eritrea?
- Discrepancy in expenditure estimate of gdp in Eritrea was -8.36 billion current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Eritrea?
- The highest recorded value was 100 current LCU in 2001.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Eritrea?
- The lowest recorded value was -8.36 billion current LCU in 2011.
- How does Eritrea rank for discrepancy in expenditure estimate of gdp?
- Eritrea ranks 175th out of 185 countries with data for 2011.
- Is discrepancy in expenditure estimate of gdp rising or falling in Eritrea?
- Over the last ten years it is down 8,359,900,000.0%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Discrepancy in expenditure estimate of GDP (current LCU). Statizoid updates them automatically from the source API.
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.