GDP growth in Eritrea
Eritrea: GDP growth was 8.7% in 2011. ◆ Volatile
GDP growth in Eritrea, 1993–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
In 2011, gdp growth in Eritrea stood at 8.7%.
The figure is up 295.6% on the previous year and down 0.9% over ten years.
Over the whole period, gdp growth in Eritrea peaked at 21.2% in 1994 and was at its lowest, -9.8%, in 2008.
Eritrea ranks 8th of 213 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Eritrea, year by year
| Year | annual % | Change |
|---|---|---|
| 1993 | 13.5% | — |
| 1994 | 21.2% | +57.7% |
| 1995 | 2.9% | -86.5% |
| 1996 | 9.3% | +223.9% |
| 1997 | 7.9% | -14.6% |
| 1998 | 1.8% | -77.6% |
| 1999 | 0.0% | -99.2% |
| 2000 | -3.1% | -23408.4% |
| 2001 | 8.8% | -378.7% |
| 2002 | 3.0% | -65.7% |
| 2003 | -2.7% | -188.4% |
| 2004 | 1.5% | -154.7% |
| 2005 | 2.6% | +77.3% |
| 2006 | -1.0% | -137.6% |
| 2007 | 1.4% | -247.2% |
| 2008 | -9.8% | -785.7% |
| 2009 | 3.9% | -139.6% |
| 2010 | 2.2% | -43.4% |
| 2011 | 8.7% | +295.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.1% | 0.0% | 21.2% | 7 |
| 2000s | 0.5% | -9.8% | 8.8% | 10 |
| 2010s | 5.4% | 2.2% | 8.7% | 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)
- Net primary income (Net income from abroad) (current LCU), annual -19.96 % change on previous year (2011)
- Taxes less subsidies on products (current US$), annual growth rate 7.43 % change on previous year (2009)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0278 current US$ per US$ of GDP (2009)
- Taxes less subsidies on products (current US$), per capita 17.9 current US$ per person (2009)
- Taxes less subsidies on products (current LCU), annual growth rate 7.43 % change on previous year (2009)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.4282 current LCU per US$ of GDP (2009)
- Taxes less subsidies on products (current LCU), per capita 275.29 current LCU per person (2009)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0484 (2025)
Frequently asked questions
- What is gdp growth in Eritrea?
- Gdp growth in Eritrea was 8.7% in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Eritrea?
- The highest recorded value was 21.2% in 1994.
- What is the lowest gdp growth recorded in Eritrea?
- The lowest recorded value was -9.8% in 2008.
- How does Eritrea rank for gdp growth?
- Eritrea ranks 8th out of 213 countries with data for 2011.
- Is gdp growth rising or falling in Eritrea?
- Over the last ten years it is down 0.9%. 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 growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.