Merchandise trade as a proportion of GDP in Eritrea
Eritrea: Merchandise trade as a proportion of GDP was 30.9% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Eritrea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Eritrea is 30.9%, measured in 2024.
Compared with earlier readings it is up 6.7% on the previous year and down 55.3% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Eritrea peaked at 80.9% in 2002 and was at its lowest, 29.0%, in 2023.
Eritrea ranks 164th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP in Eritrea, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 71.9% | — |
| 2001 | 58.7% | -18.3% |
| 2002 | 80.9% | +37.7% |
| 2003 | 50.6% | -37.5% |
| 2004 | 44.3% | -12.4% |
| 2005 | 45.6% | +3.0% |
| 2006 | 41.9% | -8.2% |
| 2007 | 39.7% | -5.2% |
| 2008 | 44.3% | +11.6% |
| 2009 | 32.4% | -26.9% |
| 2010 | 42.3% | +30.8% |
| 2011 | 66.8% | +57.8% |
| 2012 | 54.1% | -19.1% |
| 2013 | 46.3% | -14.4% |
| 2014 | 69.2% | +49.5% |
| 2015 | 44.9% | -35.1% |
| 2016 | 53.2% | +18.4% |
| 2017 | 56.0% | +5.2% |
| 2018 | 70.1% | +25.3% |
| 2019 | 42.0% | -40.1% |
| 2020 | 36.2% | -13.9% |
| 2021 | 31.0% | -14.4% |
| 2022 | 37.0% | +19.5% |
| 2023 | 29.0% | -21.8% |
| 2024 | 30.9% | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.0% | 32.4% | 80.9% | 10 |
| 2010s | 54.5% | 42.0% | 70.1% | 10 |
| 2020s | 32.8% | 29.0% | 37.0% | 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)
- 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)
- Industry (including construction), value added (current LCU), annual 13.27 % change on previous year (2009)
- Industry (including construction), value added (current LCU), per 3.35 current LCU per US$ of GDP (2009)
- Industry (including construction), value added (current LCU), per 2,157 current LCU per person (2009)
- Industry (including construction), value added (constant LCU), annual -0.2424 % change on previous year (2009)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Eritrea?
- Merchandise trade as a proportion of gdp in Eritrea was 30.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Eritrea?
- The highest recorded value was 80.9% in 2002.
- What is the lowest merchandise trade as a proportion of gdp recorded in Eritrea?
- The lowest recorded value was 29.0% in 2023.
- How does Eritrea rank for merchandise trade as a proportion of gdp?
- Eritrea ranks 164th out of 188 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Eritrea?
- Over the last ten years it is down 55.3%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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