GDP in Eritrea
Eritrea: GDP was 2.25 billion constant 2015 US$ in 2011. ▲ Rising
GDP in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2011, gdp in Eritrea stood at 2.25 billion constant 2015 US$. That is the highest value across all 20 years on record.
The figure is up 8.7% on the previous year and up 9.1% over ten years.
Over the whole period, gdp in Eritrea peaked at 2.25 billion constant 2015 US$ in 2011 and was at its lowest, 1.15 billion constant 2015 US$, in 1992.
Eritrea ranks 185th of 212 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
GDP in Eritrea, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1992 | 1.15 billion constant 2015 US$ | — |
| 1993 | 1.31 billion constant 2015 US$ | +13.5% |
| 1994 | 1.59 billion constant 2015 US$ | +21.2% |
| 1995 | 1.63 billion constant 2015 US$ | +2.9% |
| 1996 | 1.79 billion constant 2015 US$ | +9.3% |
| 1997 | 1.93 billion constant 2015 US$ | +7.9% |
| 1998 | 1.96 billion constant 2015 US$ | +1.8% |
| 1999 | 1.96 billion constant 2015 US$ | +0.0% |
| 2000 | 1.90 billion constant 2015 US$ | -3.1% |
| 2001 | 2.07 billion constant 2015 US$ | +8.8% |
| 2002 | 2.13 billion constant 2015 US$ | +3.0% |
| 2003 | 2.07 billion constant 2015 US$ | -2.7% |
| 2004 | 2.10 billion constant 2015 US$ | +1.5% |
| 2005 | 2.16 billion constant 2015 US$ | +2.6% |
| 2006 | 2.13 billion constant 2015 US$ | -1.0% |
| 2007 | 2.16 billion constant 2015 US$ | +1.4% |
| 2008 | 1.95 billion constant 2015 US$ | -9.8% |
| 2009 | 2.03 billion constant 2015 US$ | +3.9% |
| 2010 | 2.07 billion constant 2015 US$ | +2.2% |
| 2011 | 2.25 billion constant 2015 US$ | +8.7% |
Eritrea compared with similar countries
- Eritrea's 2.25 billion constant 2015 US$ is below the median for low income countries, which is 16.04 billion constant 2015 US$, 14% of the median. (24 countries reporting)
- Eritrea's 2.25 billion constant 2015 US$ is below the median for Sub-Saharan Africa, which is 16.42 billion constant 2015 US$, 14% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.66 billion constant 2015 US$ | 1.15 billion constant 2015 US$ | 1.96 billion constant 2015 US$ | 8 |
| 2000s | 2.07 billion constant 2015 US$ | 1.90 billion constant 2015 US$ | 2.16 billion constant 2015 US$ | 10 |
| 2010s | 2.16 billion constant 2015 US$ | 2.07 billion constant 2015 US$ | 2.25 billion constant 2015 US$ | 2 |
Countries ranked near Eritrea
- 182 Turks and Caicos Islands 2.66 billion constant 2015 US$ compare
- 183 Cape Verde 2.48 billion constant 2015 US$ compare
- 184 Lesotho 2.41 billion constant 2015 US$ compare
- 186 Gambia 2.22 billion constant 2015 US$ compare
- 187 Saint Lucia 2.18 billion constant 2015 US$ compare
- 188 Central African Republic 2.17 billion constant 2015 US$ 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)
- 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$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gdp in Eritrea?
- Gdp in Eritrea was 2.25 billion constant 2015 US$ in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Eritrea?
- The highest recorded value was 2.25 billion constant 2015 US$ in 2011.
- What is the lowest gdp recorded in Eritrea?
- The lowest recorded value was 1.15 billion constant 2015 US$ in 1992.
- How does Eritrea rank for gdp?
- Eritrea ranks 185th out of 212 countries with data for 2011.
- Is gdp rising or falling in Eritrea?
- Over the last ten years it is up 9.1%. 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 Organizations and/or Central Banks, published as part of GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.