Financial and insurance activities (banking), value added in Eritrea
Eritrea: Financial and insurance activities (banking), value added was 241.44 million constant LCU in 2009. ▲ Rising
Financial and insurance activities (banking), value added in Eritrea, 1994–2009
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
Eritrea recorded 241.44 million constant LCU for financial and insurance activities (banking), value added in 2009. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 3.6% on the previous year and up 27.2% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Eritrea peaked at 241.44 million constant LCU in 2009 and was at its lowest, 98.87 million constant LCU, in 1994.
That places Eritrea 27th out of 31 countries with data for 2009, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Financial and insurance activities (banking), value added in Eritrea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1994 | 98.87 million constant LCU | — |
| 1995 | 179.75 million constant LCU | +81.8% |
| 1996 | 163.84 million constant LCU | -8.9% |
| 1997 | 173.69 million constant LCU | +6.0% |
| 1998 | 183.35 million constant LCU | +5.6% |
| 1999 | 189.79 million constant LCU | +3.5% |
| 2000 | 186.00 million constant LCU | -2.0% |
| 2001 | 197.18 million constant LCU | +6.0% |
| 2002 | 208.35 million constant LCU | +5.7% |
| 2003 | 206.46 million constant LCU | -0.9% |
| 2004 | 212.14 million constant LCU | +2.8% |
| 2005 | 212.14 million constant LCU | +0.0% |
| 2006 | 217.82 million constant LCU | +2.7% |
| 2007 | 227.29 million constant LCU | +4.3% |
| 2008 | 233.05 million constant LCU | +2.5% |
| 2009 | 241.44 million constant LCU | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 164.88 million constant LCU | 98.87 million constant LCU | 189.79 million constant LCU | 6 |
| 2000s | 214.19 million constant LCU | 186.00 million constant LCU | 241.44 million constant LCU | 10 |
Countries ranked near Eritrea
- 24 Lesotho 683.90 million constant LCU compare
- 25 Eswatini 417.30 million constant LCU compare
- 26 Seychelles 348.83 million constant LCU compare
- 28 Cape Verde 158.15 million constant LCU compare
- 29 Guinea 0 constant LCU
- 29 Mali 0 constant LCU
- 29 Mauritania 0 constant LCU
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 financial and insurance activities (banking), value added in Eritrea?
- Financial and insurance activities (banking), value added in Eritrea was 241.44 million constant LCU in 2009, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Eritrea?
- The highest recorded value was 241.44 million constant LCU in 2009.
- What is the lowest financial and insurance activities (banking), value added recorded in Eritrea?
- The lowest recorded value was 98.87 million constant LCU in 1994.
- How does Eritrea rank for financial and insurance activities (banking), value added?
- Eritrea ranks 27th out of 31 countries with data for 2009.
- Is financial and insurance activities (banking), value added rising or falling in Eritrea?
- Over the last ten years it is up 27.2%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.