Gross Domestic Product — Value Standard Local Currency, 2015 prices in Eritrea
Eritrea: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 39,460 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Eritrea, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Eritrea recorded 39,460 million SLC for gross domestic product — value standard local currency, 2015 prices in 2024. That is the highest value across all 35 years on record.
The figure is up 4.1% on the previous year and up 1.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Eritrea peaked at 39,460 million SLC in 2024 and was at its lowest, 11,282 million SLC, in 1990.
That places Eritrea 141st out of 194 countries with data for 2024, putting it in the middle of the range.
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 | Change |
|---|---|---|
| 1990 | 11,282 million SLC | — |
| 1991 | 12,607 million SLC | +11.7% |
| 1992 | 14,032 million SLC | +11.3% |
| 1993 | 15,840 million SLC | +12.9% |
| 1994 | 17,880 million SLC | +12.9% |
| 1995 | 21,620 million SLC | +20.9% |
| 1996 | 22,123 million SLC | +2.3% |
| 1997 | 24,144 million SLC | +9.1% |
| 1998 | 26,051 million SLC | +7.9% |
| 1999 | 26,563 million SLC | +2.0% |
| 2000 | 26,613 million SLC | +0.2% |
| 2001 | 23,325 million SLC | -12.4% |
| 2002 | 25,367 million SLC | +8.8% |
| 2003 | 26,130 million SLC | +3.0% |
| 2004 | 25,436 million SLC | -2.7% |
| 2005 | 25,805 million SLC | +1.5% |
| 2006 | 25,555 million SLC | -1.0% |
| 2007 | 25,919 million SLC | +1.4% |
| 2008 | 20,882 million SLC | -19.4% |
| 2009 | 23,425 million SLC | +12.2% |
| 2010 | 25,967 million SLC | +10.9% |
| 2011 | 32,643 million SLC | +25.7% |
| 2012 | 33,259 million SLC | +1.9% |
| 2013 | 29,781 million SLC | -10.5% |
| 2014 | 38,994 million SLC | +30.9% |
| 2015 | 30,953 million SLC | -20.6% |
| 2016 | 33,241 million SLC | +7.4% |
| 2017 | 29,912 million SLC | -10.0% |
| 2018 | 33,810 million SLC | +13.0% |
| 2019 | 35,107 million SLC | +3.8% |
| 2020 | 34,920 million SLC | -0.5% |
| 2021 | 35,931 million SLC | +2.9% |
| 2022 | 36,872 million SLC | +2.6% |
| 2023 | 37,904 million SLC | +2.8% |
| 2024 | 39,460 million SLC | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19,214 million SLC | 11,282 million SLC | 26,563 million SLC | 10 |
| 2000s | 24,846 million SLC | 20,882 million SLC | 26,613 million SLC | 10 |
| 2010s | 32,367 million SLC | 25,967 million SLC | 38,994 million SLC | 10 |
| 2020s | 37,018 million SLC | 34,920 million SLC | 39,460 million SLC | 5 |
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)
- Manufacturing, value added (constant LCU), per capita 125.2 constant LCU per person (2009)
- Industry (including construction), value added (current US$), annual 13.27 % change on previous year (2009)
- Industry (including construction), value added (current US$), per 0.2182 current US$ per US$ of GDP (2009)
- Industry (including construction), value added (current US$), per 140.28 current US$ per person (2009)
- Industry (including construction), value added (current LCU), annual 13.27 % change on previous year (2009)
- Industry (including construction), value added (current LCU), per 3.35 current LCU per US$ of GDP (2009)
- Industry (including construction), value added (current LCU), per 2,157 current LCU per person (2009)
- Industry (including construction), value added (constant LCU), annual -0.2424 % change on previous year (2009)
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 39,460 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Eritrea?
- The highest recorded value was 39,460 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Eritrea?
- The lowest recorded value was 11,282 million SLC in 1990.
- How does Eritrea rank for gross domestic product — value standard local currency, 2015 prices?
- Eritrea ranks 141st 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 up 1.2%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).