Merchandise trade as a proportion of GDP (%) in Eritrea
Eritrea: Merchandise trade as a proportion of GDP (%) was 30.9% in 2024. ▼ Falling
Latest (2024)
30.9%
Change on year
up 6.7%
World rank
192nd
of 220 countries
All-time high
80.9%
in 2002
All-time low
29.0%
in 2023
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Eritrea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 192nd of 220 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 | % | 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% |
Eritrea compared with similar countries
- Eritrea's 30.9% is below the median for low income countries, which is 38.8%, 80% of the median. (23 countries reporting)
- Eritrea's 30.9% is below the median for Sub-Saharan Africa, which is 43.1%, 72% of the median. (45 countries reporting)
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
- 189 South Sudan 31.9% compare
- 190 Nepal 31.8% compare
- 191 Turkmenistan 31.5% compare
- 193 India 29.7% compare
- 194 United Republic of Tanzania 29.1% compare
- 195 Israel 28.5% compare
More economy & growth data for Eritrea
- Real gdp growth, annual growth rate -70.56 % change on previous year (2019)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2011)
- SDRs holdings, US dollar, per capita 6.53 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.25 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0017 units per US$ of GDP (2011)
- SDRs holdings, SDR, per capita 4.77 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
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 192nd out of 220 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.
Download this data
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