Gross domestic product (GDP), Constant prices, Purchasing power in Eritrea
Eritrea: Gross domestic product (GDP), Constant prices, Purchasing power was 6.16 in 2019. ▲ Rising
Gross domestic product (GDP), Constant prices, Purchasing power in Eritrea, 1990–2019
Source: International Monetary Fund.
Analysis
In 2019, gross domestic product (gdp), constant prices, purchasing power in Eritrea stood at 6.16.
That represents a change of up 3.8% on the previous year and up 49.9% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Eritrea peaked at 6.84 in 2014 and was at its lowest, 1.98, in 1990.
That places Eritrea 163rd out of 193 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Gross domestic product (GDP), Constant prices, Purchasing power in Eritrea, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 1.98 | — |
| 1991 | 2.21 | +11.7% |
| 1992 | 2.46 | +11.3% |
| 1993 | 2.78 | +12.9% |
| 1994 | 3.14 | +12.9% |
| 1995 | 3.79 | +20.9% |
| 1996 | 3.88 | +2.3% |
| 1997 | 4.24 | +9.1% |
| 1998 | 4.57 | +7.9% |
| 1999 | 4.66 | +2.0% |
| 2000 | 4.67 | +0.2% |
| 2001 | 4.09 | -12.4% |
| 2002 | 4.45 | +8.8% |
| 2003 | 4.58 | +3.0% |
| 2004 | 4.46 | -2.7% |
| 2005 | 4.53 | +1.5% |
| 2006 | 4.48 | -1.0% |
| 2007 | 4.55 | +1.4% |
| 2008 | 3.66 | -19.4% |
| 2009 | 4.11 | +12.2% |
| 2010 | 4.56 | +10.9% |
| 2011 | 5.73 | +25.7% |
| 2012 | 5.83 | +1.9% |
| 2013 | 5.22 | -10.5% |
| 2014 | 6.84 | +30.9% |
| 2015 | 5.43 | -20.6% |
| 2016 | 5.83 | +7.4% |
| 2017 | 5.25 | -10.0% |
| 2018 | 5.93 | +13.0% |
| 2019 | 6.16 | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.37 | 1.98 | 4.66 | 10 |
| 2000s | 4.36 | 3.66 | 4.67 | 10 |
| 2010s | 5.68 | 4.56 | 6.84 | 10 |
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)
- Households and NPISHs Final consumption expenditure (current LCU) 12.16 % change on previous year (2011)
- Households and NPISHs Final consumption expenditure (current LCU) 15.09 current LCU per US$ of GDP (2011)
- Households and NPISHs Final consumption expenditure (current LCU) 10,395 current LCU per person (2011)
- Final consumption expenditure (current US$), annual growth rate 11.41 % change on previous year (2011)
- Final consumption expenditure (current US$), per unit of GDP 1.25 current US$ per US$ of GDP (2011)
- Final consumption expenditure (current US$), per capita 859.4 current US$ per person (2011)
- Final consumption expenditure (current LCU), annual growth rate 11.41 % change on previous year (2011)
- Final consumption expenditure (current LCU), per unit of GDP 19.19 current LCU per US$ of GDP (2011)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, purchasing power in Eritrea?
- Gross domestic product (gdp), constant prices, purchasing power in Eritrea was 6.16 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Eritrea?
- The highest recorded value was 6.84 in 2014.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Eritrea?
- The lowest recorded value was 1.98 in 1990.
- How does Eritrea rank for gross domestic product (gdp), constant prices, purchasing power?
- Eritrea ranks 163rd out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Eritrea?
- Over the last ten years it is up 49.9%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.