Gross Domestic Product — Value Standard Local Currency in Eritrea
Eritrea: Gross Domestic Product — Value Standard Local Currency was 36,159 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Eritrea, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Eritrea recorded 36,159 million SLC for gross domestic product — value standard local currency in 2024.
Compared with earlier readings it is up 5.4% on the previous year and down 9.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Eritrea peaked at 40,040 million SLC in 2014 and was at its lowest, 1,522 million SLC, in 1990.
Eritrea ranks 170th of 218 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Eritrea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 1,522 million SLC | — |
| 1991 | 1,837 million SLC | +20.7% |
| 1992 | 2,191 million SLC | +19.2% |
| 1993 | 2,528 million SLC | +15.4% |
| 1994 | 3,450 million SLC | +36.5% |
| 1995 | 3,943 million SLC | +14.3% |
| 1996 | 4,758 million SLC | +20.7% |
| 1997 | 5,347 million SLC | +12.4% |
| 1998 | 5,958 million SLC | +11.4% |
| 1999 | 6,471 million SLC | +8.6% |
| 2000 | 6,799 million SLC | +5.1% |
| 2001 | 8,509 million SLC | +25.2% |
| 2002 | 10,180 million SLC | +19.6% |
| 2003 | 12,077 million SLC | +18.6% |
| 2004 | 15,291 million SLC | +26.6% |
| 2005 | 16,880 million SLC | +10.4% |
| 2006 | 14,411 million SLC | -14.6% |
| 2007 | 15,682 million SLC | +8.8% |
| 2008 | 14,186 million SLC | -9.5% |
| 2009 | 19,936 million SLC | +40.5% |
| 2010 | 24,439 million SLC | +22.6% |
| 2011 | 31,749 million SLC | +29.9% |
| 2012 | 34,668 million SLC | +9.2% |
| 2013 | 30,104 million SLC | -13.2% |
| 2014 | 40,040 million SLC | +33.0% |
| 2015 | 30,953 million SLC | -22.7% |
| 2016 | 33,366 million SLC | +7.8% |
| 2017 | 28,702 million SLC | -14.0% |
| 2018 | 30,235 million SLC | +5.3% |
| 2019 | 29,876 million SLC | -1.2% |
| 2020 | 31,841 million SLC | +6.6% |
| 2021 | 33,345 million SLC | +4.7% |
| 2022 | 35,928 million SLC | +7.7% |
| 2023 | 34,300 million SLC | -4.5% |
| 2024 | 36,159 million SLC | +5.4% |
Eritrea compared with similar countries
- Eritrea's 36,159 million SLC is below the median for low income countries, which is 11.93 million million SLC, 0% of the median. (23 countries reporting)
- Eritrea's 36,159 million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 0% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,801 million SLC | 1,522 million SLC | 6,471 million SLC | 10 |
| 2000s | 13,395 million SLC | 6,799 million SLC | 19,936 million SLC | 10 |
| 2010s | 31,413 million SLC | 24,439 million SLC | 40,040 million SLC | 10 |
| 2020s | 34,315 million SLC | 31,841 million SLC | 36,159 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)
- 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 in Eritrea?
- Gross domestic product — value standard local currency in Eritrea was 36,159 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 recorded in Eritrea?
- The highest recorded value was 40,040 million SLC in 2014.
- What is the lowest gross domestic product — value standard local currency recorded in Eritrea?
- The lowest recorded value was 1,522 million SLC in 1990.
- How does Eritrea rank for gross domestic product — value standard local currency?
- Eritrea ranks 170th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Eritrea?
- Over the last ten years it is down 9.7%. The long-run trend across the full record is volatile.
- 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. 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).