GDP in Eritrea
Eritrea: GDP was 31.75 billion current LCU in 2011. ◆ Volatile
GDP in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2011, gdp in Eritrea stood at 31.75 billion current LCU. That is the highest value across all 20 years on record.
That represents a change of up 29.9% on the previous year and up 273.1% over ten years.
Over the whole period, gdp in Eritrea peaked at 31.75 billion current LCU in 2011 and was at its lowest, 2.19 billion current LCU, in 1992.
That places Eritrea 167th out of 214 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 2.19 billion current LCU | — |
| 1993 | 2.45 billion current LCU | +11.9% |
| 1994 | 3.28 billion current LCU | +33.9% |
| 1995 | 3.70 billion current LCU | +12.9% |
| 1996 | 4.41 billion current LCU | +19.2% |
| 1997 | 4.94 billion current LCU | +12.1% |
| 1998 | 5.49 billion current LCU | +11.0% |
| 1999 | 5.62 billion current LCU | +2.3% |
| 2000 | 6.80 billion current LCU | +21.1% |
| 2001 | 8.51 billion current LCU | +25.2% |
| 2002 | 10.18 billion current LCU | +19.6% |
| 2003 | 12.08 billion current LCU | +18.6% |
| 2004 | 15.29 billion current LCU | +26.6% |
| 2005 | 16.88 billion current LCU | +10.4% |
| 2006 | 18.62 billion current LCU | +10.3% |
| 2007 | 20.26 billion current LCU | +8.8% |
| 2008 | 21.22 billion current LCU | +4.7% |
| 2009 | 28.55 billion current LCU | +34.5% |
| 2010 | 24.44 billion current LCU | -14.4% |
| 2011 | 31.75 billion current LCU | +29.9% |
Eritrea compared with similar countries
- Eritrea's 31.75 billion current LCU is below the median for low income countries, which is 13.85 trillion current LCU, 0% of the median. (24 countries reporting)
- Eritrea's 31.75 billion current LCU is below the median for Sub-Saharan Africa, which is 8.57 trillion current LCU, 0% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.01 billion current LCU | 2.19 billion current LCU | 5.62 billion current LCU | 8 |
| 2000s | 15.84 billion current LCU | 6.80 billion current LCU | 28.55 billion current LCU | 10 |
| 2010s | 28.09 billion current LCU | 24.44 billion current LCU | 31.75 billion current LCU | 2 |
Countries ranked near Eritrea
- 164 El Salvador 36.71 billion current LCU compare
- 165 Cyprus 36.48 billion current LCU compare
- 166 Seychelles 35.15 billion current LCU compare
- 168 Faroe Islands 27.94 billion current LCU compare
- 169 Malta 24.58 billion current LCU compare
- 170 Greenland 22.92 billion current LCU 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 31.75 billion current 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 current LCU in 2011.
- What is the lowest gdp recorded in Eritrea?
- The lowest recorded value was 2.19 billion current LCU in 1992.
- How does Eritrea rank for gdp?
- Eritrea ranks 167th out of 214 countries with data for 2011.
- Is gdp rising or falling in Eritrea?
- Over the last ten years it is up 273.1%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.