GDP, PPP in Eritrea
Eritrea: GDP, PPP was 5.22 billion current international $ in 2011. ▲ Rising
GDP, PPP in Eritrea, 1992–2011
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
In 2011, gdp, ppp in Eritrea stood at 5.22 billion current international $. That is the highest value across all 20 years on record.
That represents a change of up 10.9% on the previous year and up 34.2% over ten years.
Over the whole period, gdp, ppp in Eritrea peaked at 5.22 billion current international $ in 2011 and was at its lowest, 1.84 billion current international $, in 1992.
That places Eritrea 179th out of 204 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
GDP, PPP in Eritrea, year by year
| Year | current international $ | Change |
|---|---|---|
| 1992 | 1.84 billion current international $ | — |
| 1993 | 2.13 billion current international $ | +16.1% |
| 1994 | 2.64 billion current international $ | +23.8% |
| 1995 | 2.77 billion current international $ | +5.0% |
| 1996 | 3.08 billion current international $ | +11.3% |
| 1997 | 3.39 billion current international $ | +9.8% |
| 1998 | 3.48 billion current international $ | +2.9% |
| 1999 | 3.53 billion current international $ | +1.4% |
| 2000 | 3.50 billion current international $ | -0.9% |
| 2001 | 3.89 billion current international $ | +11.2% |
| 2002 | 4.07 billion current international $ | +4.6% |
| 2003 | 4.04 billion current international $ | -0.7% |
| 2004 | 4.21 billion current international $ | +4.2% |
| 2005 | 4.46 billion current international $ | +5.8% |
| 2006 | 4.55 billion current international $ | +2.1% |
| 2007 | 4.74 billion current international $ | +4.2% |
| 2008 | 4.36 billion current international $ | -8.0% |
| 2009 | 4.55 billion current international $ | +4.5% |
| 2010 | 4.71 billion current international $ | +3.4% |
| 2011 | 5.22 billion current international $ | +10.9% |
Eritrea compared with similar countries
- Eritrea's 5.22 billion current international $ is below the median for low income countries, which is 60.73 billion current international $, 9% of the median. (24 countries reporting)
- Eritrea's 5.22 billion current international $ is below the median for Sub-Saharan Africa, which is 59.06 billion current international $, 9% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.86 billion current international $ | 1.84 billion current international $ | 3.53 billion current international $ | 8 |
| 2000s | 4.24 billion current international $ | 3.50 billion current international $ | 4.74 billion current international $ | 10 |
| 2010s | 4.97 billion current international $ | 4.71 billion current international $ | 5.22 billion current international $ | 2 |
Countries ranked near Eritrea
- 176 Belize 6.33 billion current international $ compare
- 177 Aruba 5.58 billion current international $ compare
- 178 United States Virgin Islands 5.25 billion current international $ compare
- 180 Saint Lucia 5.17 billion current international $ compare
- 181 Curacao 5.11 billion current international $ compare
- 182 Greenland 4.49 billion current international $ 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, ppp in Eritrea?
- Gdp, ppp in Eritrea was 5.22 billion current international $ in 2011, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Eritrea?
- The highest recorded value was 5.22 billion current international $ in 2011.
- What is the lowest gdp, ppp recorded in Eritrea?
- The lowest recorded value was 1.84 billion current international $ in 1992.
- How does Eritrea rank for gdp, ppp?
- Eritrea ranks 179th out of 204 countries with data for 2011.
- Is gdp, ppp rising or falling in Eritrea?
- Over the last ten years it is up 34.2%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.