Gross value added at basic prices (GVA) in Eritrea
Eritrea: Gross value added at basic prices (GVA) was 7.16 billion constant LCU in 2009. ▲ Rising
Gross value added at basic prices (GVA) in Eritrea, 1992–2009
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Eritrea recorded 7.16 billion constant LCU for gross value added at basic prices (gva) in 2009.
The figure is up 3.3% on the previous year and up 13.9% over ten years.
Over the whole period, gross value added at basic prices (gva) in Eritrea peaked at 7.62 billion constant LCU in 2007 and was at its lowest, 3.55 billion constant LCU, in 1992.
That places Eritrea 170th out of 198 countries with data for 2009, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Gross value added at basic prices (GVA) in Eritrea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1992 | 3.55 billion constant LCU | — |
| 1993 | 3.77 billion constant LCU | +6.1% |
| 1994 | 4.93 billion constant LCU | +31.0% |
| 1995 | 5.07 billion constant LCU | +2.6% |
| 1996 | 5.58 billion constant LCU | +10.1% |
| 1997 | 5.95 billion constant LCU | +6.6% |
| 1998 | 6.32 billion constant LCU | +6.3% |
| 1999 | 6.29 billion constant LCU | -0.5% |
| 2000 | 6.37 billion constant LCU | +1.3% |
| 2001 | 7.14 billion constant LCU | +12.1% |
| 2002 | 7.30 billion constant LCU | +2.2% |
| 2003 | 7.14 billion constant LCU | -2.2% |
| 2004 | 7.26 billion constant LCU | +1.7% |
| 2005 | 7.52 billion constant LCU | +3.6% |
| 2006 | 7.48 billion constant LCU | -0.6% |
| 2007 | 7.62 billion constant LCU | +2.0% |
| 2008 | 6.93 billion constant LCU | -9.0% |
| 2009 | 7.16 billion constant LCU | +3.3% |
Eritrea compared with similar countries
- Eritrea's 7.16 billion constant LCU is below the median for low income countries, which is 1.63 trillion constant LCU, 0% of the median. (22 countries reporting)
- Eritrea's 7.16 billion constant LCU is below the median for Sub-Saharan Africa, which is 3.55 trillion constant LCU, 0% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.18 billion constant LCU | 3.55 billion constant LCU | 6.32 billion constant LCU | 8 |
| 2000s | 7.19 billion constant LCU | 6.37 billion constant LCU | 7.62 billion constant LCU | 10 |
Countries ranked near Eritrea
- 167 Palestine 10.16 billion constant LCU compare
- 168 Channel Islands 10.06 billion constant LCU
- 169 Tajikistan 10.00 billion constant LCU compare
- 171 Bermuda 6.82 billion constant LCU
- 172 Kosovo 5.77 billion constant LCU
- 172 Kosovo (UNSCR 1244) 5.77 billion constant LCU
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 value added at basic prices (gva) in Eritrea?
- Gross value added at basic prices (gva) in Eritrea was 7.16 billion constant LCU in 2009, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Eritrea?
- The highest recorded value was 7.62 billion constant LCU in 2007.
- What is the lowest gross value added at basic prices (gva) recorded in Eritrea?
- The lowest recorded value was 3.55 billion constant LCU in 1992.
- How does Eritrea rank for gross value added at basic prices (gva)?
- Eritrea ranks 170th out of 198 countries with data for 2009.
- Is gross value added at basic prices (gva) rising or falling in Eritrea?
- Over the last ten years it is up 13.9%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.