Merchandise trade to GDP ratio in Eritrea
Eritrea: Merchandise trade to GDP ratio was 25.0% in 2009. ▼ Falling
Merchandise trade to GDP ratio in Eritrea, 1992–2009
Source: World Bank country economists. Measured in %.
Analysis
Eritrea recorded 25.0% for merchandise trade to gdp ratio in 2009. That is the lowest value across all 18 years on record.
The figure is down 18.3% on the previous year and down 74.1% over ten years.
Over the whole period, merchandise trade to gdp ratio in Eritrea peaked at 116.6% in 1996 and was at its lowest, 25.0%, in 2009.
That places Eritrea 53rd out of 53 countries with data for 2009, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Merchandise trade to GDP ratio in Eritrea, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 56.4% | — |
| 1993 | 102.1% | +81.0% |
| 1994 | 110.9% | +8.6% |
| 1995 | 105.3% | -5.0% |
| 1996 | 116.6% | +10.7% |
| 1997 | 115.4% | -1.0% |
| 1998 | 94.9% | -17.8% |
| 1999 | 96.3% | +1.4% |
| 2000 | 96.9% | +0.6% |
| 2001 | 78.9% | -18.6% |
| 2002 | 82.7% | +4.9% |
| 2003 | 74.0% | -10.5% |
| 2004 | 65.6% | -11.4% |
| 2005 | 61.1% | -6.8% |
| 2006 | 45.3% | -25.9% |
| 2007 | 42.5% | -6.2% |
| 2008 | 30.6% | -28.0% |
| 2009 | 25.0% | -18.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 99.7% | 56.4% | 116.6% | 8 |
| 2000s | 60.2% | 25.0% | 96.9% | 10 |
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)
- GDP deflator (base year varies by country), annual growth rate 19.54 % change on previous year (2011)
- Gross value added at basic prices (GVA) (current US$), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9721 current US$ per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current US$), per capita 625.02 current US$ per person (2009)
- Gross value added at basic prices (GVA) (current LCU), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 14.95 current LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current LCU), per capita 9,610 current LCU per person (2009)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.29 % change on previous year (2009)
Frequently asked questions
- What is merchandise trade to gdp ratio in Eritrea?
- Merchandise trade to gdp ratio in Eritrea was 25.0% in 2009, according to World Bank country economists.
- What is the highest merchandise trade to gdp ratio recorded in Eritrea?
- The highest recorded value was 116.6% in 1996.
- What is the lowest merchandise trade to gdp ratio recorded in Eritrea?
- The lowest recorded value was 25.0% in 2009.
- How does Eritrea rank for merchandise trade to gdp ratio?
- Eritrea ranks 53rd out of 53 countries with data for 2009.
- Is merchandise trade to gdp ratio rising or falling in Eritrea?
- Over the last ten years it is down 74.1%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from World Bank country economists, published as part of Merchandise trade to GDP ratio (%). Statizoid updates them automatically from the source API.
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About this data
Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current US dollars and from the national accounts.