Financial and insurance activities (banking), value added in Eritrea
Eritrea: Financial and insurance activities (banking), value added was 1.05 billion current LCU in 2009. ◆ Volatile
Financial and insurance activities (banking), value added in Eritrea, 1992–2009
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
In 2009, financial and insurance activities (banking), value added in Eritrea stood at 1.05 billion current LCU. That is the highest value across all 15 years on record.
That represents a change of up 13.3% on the previous year and up 549.1% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Eritrea peaked at 1.05 billion current LCU in 2009 and was at its lowest, 34.20 million current LCU, in 1992.
Eritrea ranks 28th of 36 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 34.20 million current LCU | — |
| 1993 | 37.60 million current LCU | +9.9% |
| 1994 | 57.40 million current LCU | +52.7% |
| 1995 | 78.30 million current LCU | +36.4% |
| 1996 | 113.70 million current LCU | +45.2% |
| 1997 | 125.30 million current LCU | +10.2% |
| 1998 | 144.50 million current LCU | +15.3% |
| 1999 | 161.80 million current LCU | +12.0% |
| 2000 | 186.00 million current LCU | +15.0% |
| 2001 | 224.00 million current LCU | +20.4% |
| 2002 | 271.00 million current LCU | +21.0% |
| 2006 | 523.86 million current LCU | +93.3% |
| 2007 | 597.34 million current LCU | +14.0% |
| 2008 | 927.30 million current LCU | +55.2% |
| 2009 | 1.05 billion current LCU | +13.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 94.10 million current LCU | 34.20 million current LCU | 161.80 million current LCU | 8 |
| 2000s | 539.97 million current LCU | 186.00 million current LCU | 1.05 billion current LCU | 7 |
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)
- GNI, Atlas method (current US$), annual growth rate 18.91 % change on previous year (2011)
- GNI, Atlas method (current US$), per unit of GDP 0.9399 current US$ per US$ of GDP (2011)
- GNI, Atlas method (current US$), per capita 647.31 current US$ per person (2011)
- GNI (current US$), annual growth rate 30.04 % change on previous year (2011)
- GNI (current US$), per unit of GDP 0.9886 current US$ per US$ of GDP (2011)
- GNI (current US$), per capita 680.83 current US$ per person (2011)
- GNI (current LCU), annual growth rate 30.04 % change on previous year (2011)
- GNI (current LCU), per unit of GDP 15.2 current LCU per US$ of GDP (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 1.05 billion current 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 1.05 billion current LCU in 2009.
- What is the lowest financial and insurance activities (banking), value added recorded in Eritrea?
- The lowest recorded value was 34.20 million current LCU in 1992.
- How does Eritrea rank for financial and insurance activities (banking), value added?
- Eritrea ranks 28th out of 36 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 549.1%. The long-run trend across the full record is volatile.
- 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 (current 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 current local currency.