Mining and quarrying, value added in Eritrea
Eritrea: Mining and quarrying, value added was 8.70 million current LCU in 2009. ▲ Rising
Mining and quarrying, value added in Eritrea, 1992–2009
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current LCU.
Analysis
In 2009, mining and quarrying, value added in Eritrea stood at 8.70 million current LCU.
That represents a change of up 14.5% on the previous year and down 10.3% over ten years.
Over the whole period, mining and quarrying, value added in Eritrea peaked at 11.90 million current LCU in 1997 and was at its lowest, 2.00 million current LCU, in 1992.
Eritrea ranks 47th of 50 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Mining and quarrying, value added in Eritrea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 2.00 million current LCU | — |
| 1993 | 3.90 million current LCU | +95.0% |
| 1994 | 4.40 million current LCU | +12.8% |
| 1995 | 4.80 million current LCU | +9.1% |
| 1996 | 5.40 million current LCU | +12.5% |
| 1997 | 11.90 million current LCU | +120.4% |
| 1998 | 10.10 million current LCU | -15.1% |
| 1999 | 9.70 million current LCU | -4.0% |
| 2000 | 5.70 million current LCU | -41.2% |
| 2001 | 3.00 million current LCU | -47.4% |
| 2002 | 3.20 million current LCU | +6.7% |
| 2003 | 3.80 million current LCU | +18.8% |
| 2004 | 5.00 million current LCU | +31.6% |
| 2005 | 5.53 million current LCU | +10.7% |
| 2006 | 6.16 million current LCU | +11.4% |
| 2007 | 6.63 million current LCU | +7.6% |
| 2008 | 7.60 million current LCU | +14.6% |
| 2009 | 8.70 million current LCU | +14.5% |
Eritrea compared with similar countries
- Eritrea's 8.70 million current LCU is below the median for low income countries, which is 26.65 billion current LCU, 0% of the median. (18 countries reporting)
- Eritrea's 8.70 million current LCU is below the median for Sub-Saharan Africa, which is 42.40 billion current LCU, 0% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Mining and quarrying, value added in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +120.4% | 5.40 million current LCU | 11.90 million current LCU |
| 1993 | +95.0% | 2.00 million current LCU | 3.90 million current LCU |
| 2001 | -47.4% | 5.70 million current LCU | 3.00 million current LCU |
| 2000 | -41.2% | 9.70 million current LCU | 5.70 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.53 million current LCU | 2.00 million current LCU | 11.90 million current LCU | 8 |
| 2000s | 5.53 million current LCU | 3.00 million current LCU | 8.70 million current LCU | 10 |
Countries ranked near Eritrea
- 44 Djibouti 218.00 million current LCU compare
- 45 Mauritius 106.24 million current LCU compare
- 46 Eswatini 79.90 million current LCU compare
- 48 Comoros 0 current LCU
- 48 Sao Tome and Principe 0 current LCU
- 48 Seychelles 0 current LCU 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 mining and quarrying, value added in Eritrea?
- Mining and quarrying, value added in Eritrea was 8.70 million current LCU in 2009, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest mining and quarrying, value added recorded in Eritrea?
- The highest recorded value was 11.90 million current LCU in 1997.
- What is the lowest mining and quarrying, value added recorded in Eritrea?
- The lowest recorded value was 2.00 million current LCU in 1992.
- How does Eritrea rank for mining and quarrying, value added?
- Eritrea ranks 47th out of 50 countries with data for 2009.
- Is mining and quarrying, value added rising or falling in Eritrea?
- Over the last ten years it is down 10.3%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Mining and quarrying, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Value added in mining and quarrying is defined as the value of output of the mining and quarrying industries less the value of intermediate consumption (intermediate inputs). Mining and quarrying is a subset of industry (ISIC 10-14). Data are in current local currency.