GDP in Eritrea
Eritrea: GDP was 2.06 billion current US$ in 2011. ▲ Rising
GDP in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Eritrea recorded 2.06 billion current US$ for gdp in 2011. That is the highest value across all 20 years on record.
The figure is up 29.9% on the previous year and up 174.5% over ten years.
Over the whole period, gdp in Eritrea peaked at 2.06 billion current US$ in 2011 and was at its lowest, 467.87 million current US$, in 1993.
Eritrea ranks 192nd of 214 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
GDP in Eritrea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 477.10 million current US$ | — |
| 1993 | 467.87 million current US$ | -1.9% |
| 1994 | 531.69 million current US$ | +13.6% |
| 1995 | 578.02 million current US$ | +8.7% |
| 1996 | 693.54 million current US$ | +20.0% |
| 1997 | 686.49 million current US$ | -1.0% |
| 1998 | 745.52 million current US$ | +8.6% |
| 1999 | 688.92 million current US$ | -7.6% |
| 2000 | 706.37 million current US$ | +2.5% |
| 2001 | 752.37 million current US$ | +6.5% |
| 2002 | 729.32 million current US$ | -3.1% |
| 2003 | 870.25 million current US$ | +19.3% |
| 2004 | 1.11 billion current US$ | +27.4% |
| 2005 | 1.10 billion current US$ | -1.0% |
| 2006 | 1.21 billion current US$ | +10.3% |
| 2007 | 1.32 billion current US$ | +8.8% |
| 2008 | 1.38 billion current US$ | +4.7% |
| 2009 | 1.86 billion current US$ | +34.5% |
| 2010 | 1.59 billion current US$ | -14.4% |
| 2011 | 2.06 billion current US$ | +29.9% |
Eritrea compared with similar countries
- Eritrea's 2.06 billion current US$ is below the median for low income countries, which is 18.70 billion current US$, 11% of the median. (24 countries reporting)
- Eritrea's 2.06 billion current US$ is below the median for Sub-Saharan Africa, which is 19.77 billion current US$, 10% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 608.64 million current US$ | 467.87 million current US$ | 745.52 million current US$ | 8 |
| 2000s | 1.10 billion current US$ | 706.37 million current US$ | 1.86 billion current US$ | 10 |
| 2010s | 1.83 billion current US$ | 1.59 billion current US$ | 2.06 billion current US$ | 2 |
Countries ranked near Eritrea
- 189 Guinea-Bissau 2.53 billion current US$ compare
- 190 Seychelles 2.39 billion current US$ compare
- 191 Antigua and Barbuda 2.34 billion current US$ compare
- 193 San Marino 2.03 billion current US$ compare
- 194 East Timor 1.90 billion current US$ compare
- 195 Sint Maarten (Dutch part) 1.89 billion current US$
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$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gdp in Eritrea?
- Gdp in Eritrea was 2.06 billion current US$ 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 2.06 billion current US$ in 2011.
- What is the lowest gdp recorded in Eritrea?
- The lowest recorded value was 467.87 million current US$ in 1993.
- How does Eritrea rank for gdp?
- Eritrea ranks 192nd out of 214 countries with data for 2011.
- Is gdp rising or falling in Eritrea?
- Over the last ten years it is up 174.5%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.