Gross Domestic Product — Value Standard Local Currency, 2015 prices in Eritrea
Eritrea: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0112 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Eritrea, 1990–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Eritrea stood at 0.0112 million SLC per person.
That represents a change of up 2.2% on the previous year and down 11.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Eritrea peaked at 0.0126 million SLC per person in 2014 and was at its lowest, 0.0056 million SLC per person, in 1990.
That places Eritrea 168th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Eritrea, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1990 | 0.0056 million SLC per person | — |
| 1991 | 0.0066 million SLC per person | +18.3% |
| 1992 | 0.0078 million SLC per person | +18.8% |
| 1993 | 0.0085 million SLC per person | +9.4% |
| 1994 | 0.0093 million SLC per person | +9.5% |
| 1995 | 0.0107 million SLC per person | +14.3% |
| 1996 | 0.0104 million SLC per person | -2.6% |
| 1997 | 0.0112 million SLC per person | +7.9% |
| 1998 | 0.0119 million SLC per person | +6.5% |
| 1999 | 0.012 million SLC per person | +0.5% |
| 2000 | 0.0118 million SLC per person | -1.3% |
| 2001 | 0.0101 million SLC per person | -14.8% |
| 2002 | 0.0106 million SLC per person | +5.1% |
| 2003 | 0.0105 million SLC per person | -1.2% |
| 2004 | 0.0098 million SLC per person | -6.6% |
| 2005 | 0.0097 million SLC per person | -0.9% |
| 2006 | 0.0095 million SLC per person | -2.5% |
| 2007 | 0.0094 million SLC per person | -0.0% |
| 2008 | 0.0074 million SLC per person | -21.5% |
| 2009 | 0.0081 million SLC per person | +9.4% |
| 2010 | 0.0088 million SLC per person | +8.7% |
| 2011 | 0.0109 million SLC per person | +23.5% |
| 2012 | 0.011 million SLC per person | +0.6% |
| 2013 | 0.0097 million SLC per person | -11.5% |
| 2014 | 0.0126 million SLC per person | +30.1% |
| 2015 | 0.01 million SLC per person | -20.9% |
| 2016 | 0.0106 million SLC per person | +6.7% |
| 2017 | 0.0095 million SLC per person | -10.7% |
| 2018 | 0.0106 million SLC per person | +11.5% |
| 2019 | 0.0108 million SLC per person | +2.3% |
| 2020 | 0.0106 million SLC per person | -2.1% |
| 2021 | 0.0107 million SLC per person | +1.1% |
| 2022 | 0.0108 million SLC per person | +0.8% |
| 2023 | 0.0109 million SLC per person | +1.0% |
| 2024 | 0.0112 million SLC per person | +2.2% |
Eritrea compared with similar countries
- Eritrea's 0.0112 million SLC per person is below the median for low income countries, which is 0.2311 million SLC per person, 5% of the median. (23 countries reporting)
- Eritrea's 0.0112 million SLC per person is below the median for Sub-Saharan Africa, which is 0.3487 million SLC per person, 3% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0094 million SLC per person | 0.0056 million SLC per person | 0.012 million SLC per person | 10 |
| 2000s | 0.0097 million SLC per person | 0.0074 million SLC per person | 0.0118 million SLC per person | 10 |
| 2010s | 0.0104 million SLC per person | 0.0088 million SLC per person | 0.0126 million SLC per person | 10 |
| 2020s | 0.0108 million SLC per person | 0.0106 million SLC per person | 0.0112 million SLC per person | 5 |
Countries ranked near Eritrea
- 165 Bosnia and Herzegovina 0.0118 million SLC per person compare
- 166 Zambia 0.0115 million SLC per person compare
- 167 Samoa 0.0113 million SLC per person compare
- 169 Belarus 0.0108 million SLC per person compare
- 170 Tonga 0.0094 million SLC per person compare
- 171 Tajikistan 0.0092 million SLC per person 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 gross domestic product — value standard local currency, 2015 prices in Eritrea?
- Gross domestic product — value standard local currency, 2015 prices in Eritrea was 0.0112 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Eritrea?
- The highest recorded value was 0.0126 million SLC per person in 2014.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Eritrea?
- The lowest recorded value was 0.0056 million SLC per person in 1990.
- How does Eritrea rank for gross domestic product — value standard local currency, 2015 prices?
- Eritrea ranks 168th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Eritrea?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.