Price level index in Eritrea
Eritrea: Price level index was 34.47 Households and NPISHs Final consumption expenditure in 2021. ▼ Falling
Price level index in Eritrea, 2011–2021
Source: World Development Indicators, World Bank (WB). Measured in Households and NPISHs Final consumption expenditure.
Analysis
In 2021, price level index in Eritrea stood at 34.47 Households and NPISHs Final consumption expenditure.
That represents a change of up 4.2% on the previous year and down 17.7% over ten years.
Over the whole period, price level index in Eritrea peaked at 49.47 Households and NPISHs Final consumption expenditure in 2015 and was at its lowest, 30.41 Households and NPISHs Final consumption expenditure, in 2018.
Eritrea ranks 162nd of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Price level index in Eritrea, year by year
| Year | Households and NPISHs Final consumption expenditure | Change |
|---|---|---|
| 2011 | 41.88 Households and NPISHs Final consumption expenditure | — |
| 2012 | 40.57 Households and NPISHs Final consumption expenditure | -3.1% |
| 2013 | 39.97 Households and NPISHs Final consumption expenditure | -1.5% |
| 2014 | 40.84 Households and NPISHs Final consumption expenditure | +2.2% |
| 2015 | 49.47 Households and NPISHs Final consumption expenditure | +21.1% |
| 2016 | 43.6 Households and NPISHs Final consumption expenditure | -11.9% |
| 2017 | 35.57 Households and NPISHs Final consumption expenditure | -18.4% |
| 2018 | 30.41 Households and NPISHs Final consumption expenditure | -14.5% |
| 2019 | 30.97 Households and NPISHs Final consumption expenditure | +1.8% |
| 2020 | 33.07 Households and NPISHs Final consumption expenditure | +6.8% |
| 2021 | 34.47 Households and NPISHs Final consumption expenditure | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 39.25 Households and NPISHs Final consumption expenditure | 30.41 Households and NPISHs Final consumption expenditure | 49.47 Households and NPISHs Final consumption expenditure | 9 |
| 2020s | 33.77 Households and NPISHs Final consumption expenditure | 33.07 Households and NPISHs Final consumption expenditure | 34.47 Households and NPISHs Final consumption expenditure | 2 |
Countries ranked near Eritrea
- 159 Philippines 35.71 Households and NPISHs Final consumption expenditure compare
- 160 Lesotho 34.84 Households and NPISHs Final consumption expenditure compare
- 161 Kenya 34.79 Households and NPISHs Final consumption expenditure compare
- 163 Angola 34.42 Households and NPISHs Final consumption expenditure compare
- 164 Niger 34.3 Households and NPISHs Final consumption expenditure compare
- 165 Libya 33.79 Households and NPISHs Final consumption expenditure 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)
- Industry (including construction), value added (constant LCU), annual -0.2424 % change on previous year (2009)
- Industry (including construction), value added (constant LCU), per 0.7138 constant LCU per US$ of GDP (2009)
- Industry (including construction), value added (constant LCU), per 458.9 constant LCU per person (2009)
- 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)
Frequently asked questions
- What is price level index in Eritrea?
- Price level index in Eritrea was 34.47 Households and NPISHs Final consumption expenditure in 2021, according to World Development Indicators, World Bank (WB).
- What is the highest price level index recorded in Eritrea?
- The highest recorded value was 49.47 Households and NPISHs Final consumption expenditure in 2015.
- What is the lowest price level index recorded in Eritrea?
- The lowest recorded value was 30.41 Households and NPISHs Final consumption expenditure in 2018.
- How does Eritrea rank for price level index?
- Eritrea ranks 162nd out of 204 countries with data for 2021.
- Is price level index rising or falling in Eritrea?
- Over the last ten years it is down 17.7%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Price level index (Households and NPISHs Final consumption expenditure). Statizoid updates them automatically from the source API.
Download this data
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About this data
The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. This indicator provides a measure of the differences in the price levels of countries at the level of Households and NPISHs final consumption expenditure.