Final consumption expenditure in Eritrea
Eritrea: Final consumption expenditure was 2.58 billion current US$ in 2011. ▲ Rising
Final consumption expenditure in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Eritrea is 2.58 billion current US$, measured in 2011. That is the highest value across all 20 years on record.
That represents a change of up 11.4% on the previous year and up 197.3% over ten years.
Over the whole period, final consumption expenditure in Eritrea peaked at 2.58 billion current US$ in 2011 and was at its lowest, 582.12 million current US$, in 1993.
That places Eritrea 169th out of 188 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Final consumption expenditure in Eritrea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 599.81 million current US$ | — |
| 1993 | 582.12 million current US$ | -2.9% |
| 1994 | 691.09 million current US$ | +18.7% |
| 1995 | 799.12 million current US$ | +15.6% |
| 1996 | 905.49 million current US$ | +13.3% |
| 1997 | 857.46 million current US$ | -5.3% |
| 1998 | 991.34 million current US$ | +15.6% |
| 1999 | 907.14 million current US$ | -8.5% |
| 2000 | 893.87 million current US$ | -1.5% |
| 2001 | 866.64 million current US$ | -3.0% |
| 2002 | 900.56 million current US$ | +3.9% |
| 2003 | 1.17 billion current US$ | +30.0% |
| 2004 | 1.48 billion current US$ | +26.7% |
| 2005 | 1.41 billion current US$ | -4.9% |
| 2006 | 1.43 billion current US$ | +1.1% |
| 2007 | 1.45 billion current US$ | +1.9% |
| 2008 | 1.50 billion current US$ | +3.4% |
| 2009 | 2.04 billion current US$ | +35.3% |
| 2010 | 2.31 billion current US$ | +13.6% |
| 2011 | 2.58 billion current US$ | +11.4% |
Eritrea compared with similar countries
- Eritrea's 2.58 billion current US$ is below the median for low income countries, which is 17.40 billion current US$, 15% of the median. (23 countries reporting)
- Eritrea's 2.58 billion current US$ is below the median for Sub-Saharan Africa, which is 15.32 billion current US$, 17% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 791.69 million current US$ | 582.12 million current US$ | 991.34 million current US$ | 8 |
| 2000s | 1.31 billion current US$ | 866.64 million current US$ | 2.04 billion current US$ | 10 |
| 2010s | 2.44 billion current US$ | 2.31 billion current US$ | 2.58 billion current US$ | 2 |
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)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -27.95 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 106.46 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0189 BoP, current US$ per US$ of GDP (2011)
- Foreign direct investment, net inflows (BoP, current US$), per capita -7.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.58 % change on previous year (2019)
- Total reserves (includes gold, current US$), per unit of GDP 0.0558 includes gold, current US$ per US$ of GDP (2011)
- Total reserves (includes gold, current US$), per capita 59.16 includes gold, current US$ per person (2019)
- Total reserves minus gold (current US$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is final consumption expenditure in Eritrea?
- Final consumption expenditure in Eritrea was 2.58 billion current US$ in 2011, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Eritrea?
- The highest recorded value was 2.58 billion current US$ in 2011.
- What is the lowest final consumption expenditure recorded in Eritrea?
- The lowest recorded value was 582.12 million current US$ in 1993.
- How does Eritrea rank for final consumption expenditure?
- Eritrea ranks 169th out of 188 countries with data for 2011.
- Is final consumption expenditure rising or falling in Eritrea?
- Over the last ten years it is up 197.3%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.