Gross value added at basic prices (GVA) in Eritrea
Eritrea: Gross value added at basic prices (GVA) was 1.80 billion current US$ in 2009. ▲ Rising
Gross value added at basic prices (GVA) in Eritrea, 1992–2009
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Eritrea recorded 1.80 billion current US$ for gross value added at basic prices (gva) in 2009. That is the highest value across all 18 years on record.
That represents a change of up 35.5% on the previous year and up 186.9% over ten years.
Over the whole period, gross value added at basic prices (gva) in Eritrea peaked at 1.80 billion current US$ in 2009 and was at its lowest, 405.84 million current US$, in 1993.
That places Eritrea 188th out of 207 countries with data for 2009, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Gross value added at basic prices (GVA) in Eritrea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1992 | 427.03 million current US$ | — |
| 1993 | 405.84 million current US$ | -5.0% |
| 1994 | 478.13 million current US$ | +17.8% |
| 1995 | 519.28 million current US$ | +8.6% |
| 1996 | 625.42 million current US$ | +20.4% |
| 1997 | 615.45 million current US$ | -1.6% |
| 1998 | 682.39 million current US$ | +10.9% |
| 1999 | 629.12 million current US$ | -7.8% |
| 2000 | 661.93 million current US$ | +5.2% |
| 2001 | 702.14 million current US$ | +6.1% |
| 2002 | 658.73 million current US$ | -6.2% |
| 2003 | 799.64 million current US$ | +21.4% |
| 2004 | 1.02 billion current US$ | +27.5% |
| 2005 | 1.03 billion current US$ | +0.6% |
| 2006 | 1.14 billion current US$ | +11.3% |
| 2007 | 1.26 billion current US$ | +10.4% |
| 2008 | 1.33 billion current US$ | +5.7% |
| 2009 | 1.80 billion current US$ | +35.5% |
Eritrea compared with similar countries
- Eritrea's 1.80 billion current US$ is below the median for low income countries, which is 18.14 billion current US$, 10% of the median. (23 countries reporting)
- Eritrea's 1.80 billion current US$ is below the median for Sub-Saharan Africa, which is 18.79 billion current US$, 10% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 547.83 million current US$ | 405.84 million current US$ | 682.39 million current US$ | 8 |
| 2000s | 1.04 billion current US$ | 658.73 million current US$ | 1.80 billion current US$ | 10 |
Countries ranked near Eritrea
- 185 Seychelles 2.03 billion current US$ compare
- 186 East Timor 1.93 billion current US$ compare
- 187 San Marino 1.88 billion current US$
- 189 Comoros 1.72 billion current US$ compare
- 190 Solomon Islands 1.55 billion current US$ compare
- 191 Turks and Caicos Islands 1.44 billion current US$ compare
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$), annual growth rate 17.58 % change on previous year (2019)
Frequently asked questions
- What is gross value added at basic prices (gva) in Eritrea?
- Gross value added at basic prices (gva) in Eritrea was 1.80 billion current US$ 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 1.80 billion current US$ in 2009.
- What is the lowest gross value added at basic prices (gva) recorded in Eritrea?
- The lowest recorded value was 405.84 million current US$ in 1993.
- How does Eritrea rank for gross value added at basic prices (gva)?
- Eritrea ranks 188th out of 207 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 186.9%. 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.