Value Added (Total Manufacturing) β Annual growth US$ in Eritrea
Eritrea: Value Added (Total Manufacturing) β Annual growth US$ was -4.6 % in 2023. β Volatile
Value Added (Total Manufacturing) β Annual growth US$ in Eritrea, 1991β2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2023, value added (total manufacturing) β annual growth us$ in Eritrea stood at -4.6 %.
Compared with earlier readings it is down 159.3% on the previous year and up 64.9% over ten years.
Over the whole period, value added (total manufacturing) β annual growth us$ in Eritrea peaked at 36.6 % in 2014 and was at its lowest, -25.21 %, in 2006.
That places Eritrea 169th out of 200 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.43 % | -8.43 % | 24.15 % | 9 |
| 2000s | 1.33 % | -25.21 % | 20.16 % | 10 |
| 2010s | 7.31 % | -21 % | 36.6 % | 10 |
| 2020s | 3.56 % | -4.6 % | 7.76 % | 4 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Gross fixed capital formation 260.73 million current US$ (2011)
- Exports of goods and services 5.76 billion current LCU (2011)
- Exports of goods and services 575.7% (2011)
- Gross value added at basic prices (GVA) 27.75 billion current LCU (2009)
- Exports of goods and services 18.2% (2011)
- Gross value added at basic prices (GVA) 1.80 billion current US$ (2009)
- Discrepancy in expenditure estimate of GDP -8.36 billion current LCU (2011)
- GDP deflator 100 base year varies by country (2011)
- Inflation, GDP deflator 19.5% (2011)
- Gross fixed capital formation 12.6% (2011)
Frequently asked questions
- What is value added (total manufacturing) β annual growth us$ in Eritrea?
- Value added (total manufacturing) β annual growth us$ in Eritrea was -4.6 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) β annual growth us$ recorded in Eritrea?
- The highest recorded value was 36.6 % in 2014.
- What is the lowest value added (total manufacturing) β annual growth us$ recorded in Eritrea?
- The lowest recorded value was -25.21 % in 2006.
- How does Eritrea rank for value added (total manufacturing) β annual growth us$?
- Eritrea ranks 169th out of 200 countries with data for 2023.
- Is value added (total manufacturing) β annual growth us$ rising or falling in Eritrea?
- Over the last ten years it is up 64.9%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) β Annual growth US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).