GDP in Eritrea
Eritrea: GDP was 31.75 billion constant LCU in 2011. ▲ Rising
GDP in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gdp in Eritrea is 31.75 billion constant LCU, measured in 2011. That is the highest value across all 20 years on record.
That represents a change of up 8.7% on the previous year and up 9.1% over ten years.
Over the whole period, gdp in Eritrea peaked at 31.75 billion constant LCU in 2011 and was at its lowest, 16.28 billion constant LCU, in 1992.
That places Eritrea 157th out of 215 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
GDP in Eritrea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1992 | 16.28 billion constant LCU | — |
| 1993 | 18.47 billion constant LCU | +13.5% |
| 1994 | 22.38 billion constant LCU | +21.2% |
| 1995 | 23.02 billion constant LCU | +2.9% |
| 1996 | 25.16 billion constant LCU | +9.3% |
| 1997 | 27.14 billion constant LCU | +7.9% |
| 1998 | 27.63 billion constant LCU | +1.8% |
| 1999 | 27.63 billion constant LCU | +0.0% |
| 2000 | 26.76 billion constant LCU | -3.1% |
| 2001 | 29.10 billion constant LCU | +8.8% |
| 2002 | 29.98 billion constant LCU | +3.0% |
| 2003 | 29.18 billion constant LCU | -2.7% |
| 2004 | 29.61 billion constant LCU | +1.5% |
| 2005 | 30.37 billion constant LCU | +2.6% |
| 2006 | 30.07 billion constant LCU | -1.0% |
| 2007 | 30.50 billion constant LCU | +1.4% |
| 2008 | 27.52 billion constant LCU | -9.8% |
| 2009 | 28.59 billion constant LCU | +3.9% |
| 2010 | 29.21 billion constant LCU | +2.2% |
| 2011 | 31.75 billion constant LCU | +8.7% |
Eritrea compared with similar countries
- Eritrea's 31.75 billion constant LCU is below the median for low income countries, which is 1.80 trillion constant LCU, 2% of the median. (24 countries reporting)
- Eritrea's 31.75 billion constant LCU is below the median for Sub-Saharan Africa, which is 3.68 trillion constant LCU, 1% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.46 billion constant LCU | 16.28 billion constant LCU | 27.63 billion constant LCU | 8 |
| 2000s | 29.17 billion constant LCU | 26.76 billion constant LCU | 30.50 billion constant LCU | 10 |
| 2010s | 30.48 billion constant LCU | 29.21 billion constant LCU | 31.75 billion constant LCU | 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 gdp in Eritrea?
- Gdp in Eritrea was 31.75 billion constant LCU 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 31.75 billion constant LCU in 2011.
- What is the lowest gdp recorded in Eritrea?
- The lowest recorded value was 16.28 billion constant LCU in 1992.
- How does Eritrea rank for gdp?
- Eritrea ranks 157th out of 215 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 LCU). 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 varies by country. This series is expressed in local currency units.