Trade in Eritrea
Eritrea: Trade was 47.4% in 2011. ▼ Falling
Trade in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Eritrea recorded 47.4% for trade in 2011.
That represents a change of up 26.5% on the previous year and down 34.2% over ten years.
Over the whole period, trade in Eritrea peaked at 116.6% in 1996 and was at its lowest, 28.0%, in 2009.
That places Eritrea 156th out of 192 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Trade in Eritrea, year by year
| Year | % of GDP | 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 | 67.9% | -29.5% |
| 2001 | 72.1% | +6.2% |
| 2002 | 76.6% | +6.3% |
| 2003 | 74.0% | -3.4% |
| 2004 | 65.6% | -11.4% |
| 2005 | 61.1% | -6.8% |
| 2006 | 45.3% | -25.9% |
| 2007 | 34.6% | -23.6% |
| 2008 | 30.6% | -11.6% |
| 2009 | 28.0% | -8.5% |
| 2010 | 37.5% | +34.0% |
| 2011 | 47.4% | +26.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 99.7% | 56.4% | 116.6% | 8 |
| 2000s | 55.6% | 28.0% | 76.6% | 10 |
| 2010s | 42.4% | 37.5% | 47.4% | 2 |
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)
- 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)
- Gross value added at basic prices (GVA) (constant LCU), per capita 2,480 constant LCU per person (2009)
- GDP (current US$), annual growth rate 29.91 % change on previous year (2011)
- GDP (current US$), per capita 688.68 current US$ per person (2011)
Frequently asked questions
- What is trade in Eritrea?
- Trade in Eritrea was 47.4% in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Eritrea?
- The highest recorded value was 116.6% in 1996.
- What is the lowest trade recorded in Eritrea?
- The lowest recorded value was 28.0% in 2009.
- How does Eritrea rank for trade?
- Eritrea ranks 156th out of 192 countries with data for 2011.
- Is trade rising or falling in Eritrea?
- Over the last ten years it is down 34.2%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.