Terms of trade in Eritrea
Eritrea: Terms of trade was 98.29 goods and services, 2000 = 100 in 2007. ▼ Falling
Terms of trade in Eritrea, 1992–2007
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in goods and services, 2000 = 100.
Analysis
The most recent figure for terms of trade in Eritrea is 98.29 goods and services, 2000 = 100, measured in 2007.
That represents a change of up 1.8% on the previous year and down 6.6% over ten years.
Over the whole period, terms of trade in Eritrea peaked at 108.41 goods and services, 2000 = 100 in 1994 and was at its lowest, 52.36 goods and services, 2000 = 100, in 2004.
Eritrea ranks 20th of 41 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Terms of trade in Eritrea, year by year
| Year | goods and services, 2000 = 100 | Change |
|---|---|---|
| 1992 | 103.2 goods and services, 2000 = 100 | — |
| 1993 | 103.73 goods and services, 2000 = 100 | +0.5% |
| 1994 | 108.41 goods and services, 2000 = 100 | +4.5% |
| 1995 | 106.17 goods and services, 2000 = 100 | -2.1% |
| 1996 | 103.01 goods and services, 2000 = 100 | -3.0% |
| 1997 | 105.23 goods and services, 2000 = 100 | +2.2% |
| 1998 | 99.16 goods and services, 2000 = 100 | -5.8% |
| 1999 | 98.99 goods and services, 2000 = 100 | -0.2% |
| 2000 | 100 goods and services, 2000 = 100 | +1.0% |
| 2001 | 70 goods and services, 2000 = 100 | -30.0% |
| 2002 | 71.75 goods and services, 2000 = 100 | +2.5% |
| 2003 | 56.07 goods and services, 2000 = 100 | -21.9% |
| 2004 | 52.36 goods and services, 2000 = 100 | -6.6% |
| 2005 | 60.18 goods and services, 2000 = 100 | +14.9% |
| 2006 | 96.58 goods and services, 2000 = 100 | +60.5% |
| 2007 | 98.29 goods and services, 2000 = 100 | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 103.49 goods and services, 2000 = 100 | 98.99 goods and services, 2000 = 100 | 108.41 goods and services, 2000 = 100 | 8 |
| 2000s | 75.65 goods and services, 2000 = 100 | 52.36 goods and services, 2000 = 100 | 100 goods and services, 2000 = 100 | 8 |
Countries ranked near Eritrea
- 17 Zimbabwe 103.33 goods and services, 2000 = 100 compare
- 18 Djibouti 100 goods and services, 2000 = 100 compare
- 19 Eswatini 99.44 goods and services, 2000 = 100 compare
- 21 Cote d'Ivoire 96.3 goods and services, 2000 = 100 compare
- 22 Morocco 94.06 goods and services, 2000 = 100 compare
- 23 Egypt 91.77 goods and services, 2000 = 100 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)
- 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)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 3.86 constant LCU per US$ of GDP (2009)
Frequently asked questions
- What is terms of trade in Eritrea?
- Terms of trade in Eritrea was 98.29 goods and services, 2000 = 100 in 2007, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest terms of trade recorded in Eritrea?
- The highest recorded value was 108.41 goods and services, 2000 = 100 in 1994.
- What is the lowest terms of trade recorded in Eritrea?
- The lowest recorded value was 52.36 goods and services, 2000 = 100 in 2004.
- How does Eritrea rank for terms of trade?
- Eritrea ranks 20th out of 41 countries with data for 2007.
- Is terms of trade rising or falling in Eritrea?
- Over the last ten years it is down 6.6%. The long-run trend across the full record is falling.
- 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 Terms of trade (goods and services, 2000 = 100). Statizoid updates them automatically from the source API.
Download this data
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About this data
The terms of trade index shows the national accounts exports price index divided by the imports price index, with 2000 equaling 100.