Annual GDP growth in Eritrea
Eritrea: Annual GDP growth was 3.8% in 2019. ◆ Volatile
Annual GDP growth in Eritrea, 1993–2019
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
Eritrea recorded 3.8% for annual gdp growth in 2019.
The figure is down 70.6% on the previous year and down 68.5% over ten years.
Over the whole period, annual gdp growth in Eritrea peaked at 30.9% in 2014 and was at its lowest, -20.6%, in 2015.
Eritrea ranks 80th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Eritrea, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 12.9% | — |
| 1994 | 20.9% | +62.4% |
| 1995 | 2.3% | -88.9% |
| 1996 | 9.1% | +292.9% |
| 1997 | 7.9% | -13.5% |
| 1998 | 2.0% | -75.1% |
| 1999 | 0.2% | -90.5% |
| 2000 | -12.4% | -6707.0% |
| 2001 | 8.8% | -170.9% |
| 2002 | 3.0% | -65.7% |
| 2003 | -2.7% | -188.4% |
| 2004 | 1.5% | -154.7% |
| 2005 | 2.6% | +77.3% |
| 2006 | -1.0% | -137.6% |
| 2007 | 1.4% | -247.3% |
| 2008 | -19.4% | -1462.0% |
| 2009 | 12.2% | -162.7% |
| 2010 | 10.9% | -10.9% |
| 2011 | 25.7% | +136.9% |
| 2012 | 1.9% | -92.7% |
| 2013 | -10.5% | -654.4% |
| 2014 | 30.9% | -395.8% |
| 2015 | -20.6% | -166.7% |
| 2016 | 7.4% | -135.8% |
| 2017 | -10.0% | -235.5% |
| 2018 | 13.0% | -230.1% |
| 2019 | 3.8% | -70.6% |
Eritrea compared with similar countries
- Eritrea's 3.8% is below the median for low income countries, which is 4.6%, 84% of the median. (24 countries reporting)
- Eritrea's 3.8% is below the median for Sub-Saharan Africa, which is 4.5%, 85% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth 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 |
|---|---|---|---|
| 2000 | -6707.0% | 0.2% | -12.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9% | 0.2% | 20.9% | 7 |
| 2000s | -0.6% | -19.4% | 12.2% | 10 |
| 2010s | 5.3% | -20.6% | 30.9% | 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)
- 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 annual gdp growth in Eritrea?
- Annual gdp growth in Eritrea was 3.8% in 2019, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Eritrea?
- The highest recorded value was 30.9% in 2014.
- What is the lowest annual gdp growth recorded in Eritrea?
- The lowest recorded value was -20.6% in 2015.
- How does Eritrea rank for annual gdp growth?
- Eritrea ranks 80th out of 196 countries with data for 2019.
- Is annual gdp growth rising or falling in Eritrea?
- Over the last ten years it is down 68.5%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.