GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Eritrea
Eritrea: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 1.26 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Eritrea, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices, annual in Eritrea stood at 1.26 % change on previous year.
That represents a change of up 117.7% on the previous year and down 20.4% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Eritrea peaked at 42.79 % change on previous year in 2001 and was at its lowest, -13.79 % change on previous year, in 2006.
That places Eritrea 173rd out of 209 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Eritrea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 8.04 % change on previous year | — |
| 1992 | 7.14 % change on previous year | -11.2% |
| 1993 | 2.2 % change on previous year | -69.1% |
| 1994 | 20.92 % change on previous year | +849.2% |
| 1995 | -5.48 % change on previous year | -126.2% |
| 1996 | 17.93 % change on previous year | -426.9% |
| 1997 | 2.97 % change on previous year | -83.5% |
| 1998 | 3.27 % change on previous year | +10.1% |
| 1999 | 6.51 % change on previous year | +99.4% |
| 2000 | 4.87 % change on previous year | -25.1% |
| 2001 | 42.79 % change on previous year | +778.0% |
| 2002 | 10.01 % change on previous year | -76.6% |
| 2003 | 15.17 % change on previous year | +51.6% |
| 2004 | 30.06 % change on previous year | +98.1% |
| 2005 | 8.81 % change on previous year | -70.7% |
| 2006 | -13.79 % change on previous year | -256.5% |
| 2007 | 7.29 % change on previous year | -152.8% |
| 2008 | 12.29 % change on previous year | +68.6% |
| 2009 | 25.27 % change on previous year | +105.7% |
| 2010 | 10.58 % change on previous year | -58.1% |
| 2011 | 3.34 % change on previous year | -68.4% |
| 2012 | 7.17 % change on previous year | +114.5% |
| 2013 | -3.03 % change on previous year | -142.2% |
| 2014 | 1.58 % change on previous year | -152.3% |
| 2015 | -2.61 % change on previous year | -265.0% |
| 2016 | 0.379 % change on previous year | -114.5% |
| 2017 | -4.41 % change on previous year | -1262.4% |
| 2018 | -6.8 % change on previous year | +54.5% |
| 2019 | -4.84 % change on previous year | -28.9% |
| 2020 | 7.15 % change on previous year | -247.7% |
| 2021 | 1.78 % change on previous year | -75.1% |
| 2022 | 5 % change on previous year | +181.3% |
| 2023 | -7.13 % change on previous year | -242.7% |
| 2024 | 1.26 % change on previous year | -117.7% |
Eritrea compared with similar countries
- Eritrea's 1.26 % change on previous year is below the median for low income countries, which is 7.75 % change on previous year, 16% of the median. (22 countries reporting)
- Eritrea's 1.26 % change on previous year is below the median for Sub-Saharan Africa, which is 4.4 % change on previous year, 29% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | -1262.4% | 0.379 % change on previous year | -4.41 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.05 % change on previous year | -5.48 % change on previous year | 20.92 % change on previous year | 9 |
| 2000s | 14.28 % change on previous year | -13.79 % change on previous year | 42.79 % change on previous year | 10 |
| 2010s | 0.1375 % change on previous year | -6.8 % change on previous year | 10.58 % change on previous year | 10 |
| 2020s | 1.61 % change on previous year | -7.13 % change on previous year | 7.15 % change on previous year | 5 |
Countries ranked near Eritrea
- 170 Benin 1.57 % change on previous year compare
- 171 Grenada 1.35 % change on previous year compare
- 172 Switzerland 1.29 % change on previous year compare
- 174 Tuvalu 1.23 % change on previous year compare
- 175 Armenia 1.16 % change on previous year compare
- 176 Democratic People's Republic of Korea 1.12 % change on previous year 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 deflator — value standard local currency, 2015 prices, annual in Eritrea?
- Gdp deflator — value standard local currency, 2015 prices, annual in Eritrea was 1.26 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Eritrea?
- The highest recorded value was 42.79 % change on previous year in 2001.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Eritrea?
- The lowest recorded value was -13.79 % change on previous year in 2006.
- How does Eritrea rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Eritrea ranks 173rd out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Eritrea?
- Over the last ten years it is down 20.4%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.