Gross Domestic Product: Value Standard … Gross annual growth rate in Eritrea
Eritrea: Gross Domestic Product: Value Standard … Gross annual growth rate was 5.42 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Eritrea, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Eritrea recorded 5.42 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
The figure is up 219.6% on the previous year and down 83.6% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Eritrea peaked at 40.53 % change on previous year in 2009 and was at its lowest, -22.7 % change on previous year, in 2015.
Eritrea ranks 142nd of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product: Value Standard … Gross annual growth rate in Eritrea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 20.72 % change on previous year | — |
| 1992 | 19.25 % change on previous year | -7.1% |
| 1993 | 15.37 % change on previous year | -20.1% |
| 1994 | 36.5 % change on previous year | +137.5% |
| 1995 | 14.29 % change on previous year | -60.9% |
| 1996 | 20.67 % change on previous year | +44.7% |
| 1997 | 12.37 % change on previous year | -40.1% |
| 1998 | 11.42 % change on previous year | -7.7% |
| 1999 | 8.6 % change on previous year | -24.7% |
| 2000 | 5.07 % change on previous year | -41.1% |
| 2001 | 25.15 % change on previous year | +396.1% |
| 2002 | 19.64 % change on previous year | -21.9% |
| 2003 | 18.64 % change on previous year | -5.1% |
| 2004 | 26.61 % change on previous year | +42.8% |
| 2005 | 10.39 % change on previous year | -60.9% |
| 2006 | -14.63 % change on previous year | -240.7% |
| 2007 | 8.82 % change on previous year | -160.3% |
| 2008 | -9.54 % change on previous year | -208.2% |
| 2009 | 40.53 % change on previous year | -524.9% |
| 2010 | 22.58 % change on previous year | -44.3% |
| 2011 | 29.91 % change on previous year | +32.5% |
| 2012 | 9.19 % change on previous year | -69.3% |
| 2013 | -13.17 % change on previous year | -243.2% |
| 2014 | 33.01 % change on previous year | -350.7% |
| 2015 | -22.7 % change on previous year | -168.8% |
| 2016 | 7.8 % change on previous year | -134.4% |
| 2017 | -13.98 % change on previous year | -279.3% |
| 2018 | 5.34 % change on previous year | -138.2% |
| 2019 | -1.19 % change on previous year | -122.2% |
| 2020 | 6.58 % change on previous year | -654.2% |
| 2021 | 4.72 % change on previous year | -28.2% |
| 2022 | 7.75 % change on previous year | +64.0% |
| 2023 | -4.53 % change on previous year | -158.5% |
| 2024 | 5.42 % change on previous year | -219.6% |
Eritrea compared with similar countries
- Eritrea's 5.42 % change on previous year is below the median for low income countries, which is 12.99 % change on previous year, 42% of the median. (23 countries reporting)
- Eritrea's 5.42 % change on previous year is below the median for Sub-Saharan Africa, which is 9.14 % change on previous year, 59% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.69 % change on previous year | 8.6 % change on previous year | 36.5 % change on previous year | 9 |
| 2000s | 13.07 % change on previous year | -14.63 % change on previous year | 40.53 % change on previous year | 10 |
| 2010s | 5.68 % change on previous year | -22.7 % change on previous year | 33.01 % change on previous year | 10 |
| 2020s | 3.99 % change on previous year | -4.53 % change on previous year | 7.75 % change on previous year | 5 |
Countries ranked near Eritrea
- 139 Anguilla 5.55 % change on previous year compare
- 140 Greece 5.5 % change on previous year compare
- 141 Eswatini 5.47 % change on previous year compare
- 143 United States 5.28 % change on previous year compare
- 144 United Kingdom 5.16 % change on previous year compare
- 145 Czechia 5.15 % change on previous year compare
More economy & growth data for Eritrea
- Real gdp growth, annual growth rate -70.56 % change on previous year (2019)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2011)
- SDRs holdings, US dollar, per capita 6.53 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.25 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0017 units per US$ of GDP (2011)
- SDRs holdings, SDR, per capita 4.77 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Eritrea?
- Gross domestic product — value standard local currency, annual growth in Eritrea was 5.42 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Eritrea?
- The highest recorded value was 40.53 % change on previous year in 2009.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Eritrea?
- The lowest recorded value was -22.7 % change on previous year in 2015.
- How does Eritrea rank for gross domestic product — value standard local currency, annual growth?
- Eritrea ranks 142nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Eritrea?
- Over the last ten years it is down 83.6%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.