Gross Domestic Product — Value US$, 2015 prices in Eritrea
Eritrea: Gross Domestic Product — Value US$, 2015 prices was 2,567 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Eritrea, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Eritrea is 2,567 million USD, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 4.1% on the previous year and up 1.2% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Eritrea peaked at 2,567 million USD in 2024 and was at its lowest, 733.8 million USD, in 1990.
That places Eritrea 173rd out of 203 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Eritrea, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 733.8 million USD | — |
| 1991 | 819.98 million USD | +11.7% |
| 1992 | 912.64 million USD | +11.3% |
| 1993 | 1,030 million USD | +12.9% |
| 1994 | 1,163 million USD | +12.9% |
| 1995 | 1,406 million USD | +20.9% |
| 1996 | 1,439 million USD | +2.3% |
| 1997 | 1,570 million USD | +9.1% |
| 1998 | 1,694 million USD | +7.9% |
| 1999 | 1,728 million USD | +2.0% |
| 2000 | 1,731 million USD | +0.2% |
| 2001 | 1,517 million USD | -12.4% |
| 2002 | 1,650 million USD | +8.8% |
| 2003 | 1,699 million USD | +3.0% |
| 2004 | 1,654 million USD | -2.7% |
| 2005 | 1,678 million USD | +1.5% |
| 2006 | 1,662 million USD | -1.0% |
| 2007 | 1,686 million USD | +1.4% |
| 2008 | 1,358 million USD | -19.4% |
| 2009 | 1,524 million USD | +12.2% |
| 2010 | 1,689 million USD | +10.9% |
| 2011 | 2,123 million USD | +25.7% |
| 2012 | 2,163 million USD | +1.9% |
| 2013 | 1,937 million USD | -10.5% |
| 2014 | 2,536 million USD | +30.9% |
| 2015 | 2,013 million USD | -20.6% |
| 2016 | 2,162 million USD | +7.4% |
| 2017 | 1,945 million USD | -10.0% |
| 2018 | 2,199 million USD | +13.0% |
| 2019 | 2,283 million USD | +3.8% |
| 2020 | 2,271 million USD | -0.5% |
| 2021 | 2,337 million USD | +2.9% |
| 2022 | 2,398 million USD | +2.6% |
| 2023 | 2,465 million USD | +2.8% |
| 2024 | 2,567 million USD | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,250 million USD | 733.8 million USD | 1,728 million USD | 10 |
| 2000s | 1,616 million USD | 1,358 million USD | 1,731 million USD | 10 |
| 2010s | 2,105 million USD | 1,689 million USD | 2,536 million USD | 10 |
| 2020s | 2,408 million USD | 2,271 million USD | 2,567 million USD | 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)
- Gross domestic savings (current US$), annual growth rate 29.25 % change on previous year (2011)
- Gross domestic savings (current US$), per unit of GDP -0.2479 current US$ per US$ of GDP (2011)
- Gross domestic savings (current US$), per capita -170.72 current US$ per person (2011)
- Gross domestic savings (current LCU), annual growth rate 29.25 % change on previous year (2011)
- Gross domestic savings (current LCU), per unit of GDP -3.81 current LCU per US$ of GDP (2011)
- Gross domestic savings (current LCU), per capita -2,625 current LCU per person (2011)
- GNI, Atlas method (current US$), annual growth rate 18.91 % change on previous year (2011)
- GNI, Atlas method (current US$), per unit of GDP 0.9399 current US$ per US$ of GDP (2011)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Eritrea?
- Gross domestic product — value us$, 2015 prices in Eritrea was 2,567 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Eritrea?
- The highest recorded value was 2,567 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Eritrea?
- The lowest recorded value was 733.8 million USD in 1990.
- How does Eritrea rank for gross domestic product — value us$, 2015 prices?
- Eritrea ranks 173rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 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).