Gross National Income — Annual growth Standard Local Currency in Eritrea
Eritrea: Gross National Income — Annual growth Standard Local Currency was -4.53 % in 2023. ◆ Volatile
Gross National Income — Annual growth Standard Local Currency in Eritrea, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2023, gross national income — annual growth standard local currency in Eritrea stood at -4.53 %.
Compared with earlier readings it is down 158.5% on the previous year and up 65.6% over ten years.
Over the whole period, gross national income — annual growth standard local currency in Eritrea peaked at 40.51 % in 2009 and was at its lowest, -22.7 %, in 2015.
Eritrea ranks 192nd of 202 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 National Income — Annual growth Standard Local Currency in Eritrea, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 20.72 % | — |
| 1992 | 19.25 % | -7.1% |
| 1993 | 15.37 % | -20.1% |
| 1994 | 36.55 % | +137.8% |
| 1995 | 15.74 % | -56.9% |
| 1996 | 17.79 % | +13.1% |
| 1997 | 13.11 % | -26.3% |
| 1998 | 12.59 % | -4.0% |
| 1999 | 8.94 % | -29.0% |
| 2000 | 4.22 % | -52.8% |
| 2001 | 24.68 % | +485.0% |
| 2002 | 19.01 % | -23.0% |
| 2003 | 18.31 % | -3.7% |
| 2004 | 26.27 % | +43.5% |
| 2005 | 10.98 % | -58.2% |
| 2006 | -14.51 % | -232.2% |
| 2007 | 9.01 % | -162.1% |
| 2008 | -9.81 % | -209.0% |
| 2009 | 40.51 % | -512.7% |
| 2010 | 22.13 % | -45.4% |
| 2011 | 30.04 % | +35.7% |
| 2012 | 9.19 % | -69.4% |
| 2013 | -13.17 % | -243.2% |
| 2014 | 33.01 % | -350.7% |
| 2015 | -22.7 % | -168.8% |
| 2016 | 7.8 % | -134.4% |
| 2017 | -13.98 % | -279.3% |
| 2018 | 5.34 % | -138.2% |
| 2019 | -1.19 % | -122.2% |
| 2020 | 6.58 % | -654.2% |
| 2021 | 4.72 % | -28.2% |
| 2022 | 7.75 % | +64.0% |
| 2023 | -4.53 % | -158.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.78 % | 8.94 % | 36.55 % | 9 |
| 2000s | 12.86 % | -14.51 % | 40.51 % | 10 |
| 2010s | 5.65 % | -22.7 % | 33.01 % | 10 |
| 2020s | 3.63 % | -4.53 % | 7.75 % | 4 |
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 (current US$), per unit of GDP 0.0549 current US$ per US$ of GDP (2009)
- Manufacturing, value added (current US$), per capita 35.31 current US$ per person (2009)
- Manufacturing, value added (current LCU), per unit of GDP 0.8445 current LCU per US$ of GDP (2009)
- Manufacturing, value added (current LCU), per capita 542.96 current LCU per person (2009)
- 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)
Frequently asked questions
- What is gross national income — annual growth standard local currency in Eritrea?
- Gross national income — annual growth standard local currency in Eritrea was -4.53 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — annual growth standard local currency recorded in Eritrea?
- The highest recorded value was 40.51 % in 2009.
- What is the lowest gross national income — annual growth standard local currency recorded in Eritrea?
- The lowest recorded value was -22.7 % in 2015.
- How does Eritrea rank for gross national income — annual growth standard local currency?
- Eritrea ranks 192nd out of 202 countries with data for 2023.
- Is gross national income — annual growth standard local currency rising or falling in Eritrea?
- Over the last ten years it is up 65.6%. 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 National Income — Annual growth 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).