Value Added (Total Manufacturing) — Value Standard Local Currency in Eritrea
Eritrea: Value Added (Total Manufacturing) — Value Standard Local Currency was -4.6 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Eritrea, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Eritrea stood at -4.6 % change on previous year.
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) — value standard local currency in Eritrea peaked at 36.6 % change on previous year in 2014 and was at its lowest, -25.17 % change on previous year, in 2006.
That places Eritrea 205th out of 231 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.
Value Added (Total Manufacturing) — Value Standard Local Currency in Eritrea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 18.44 % change on previous year | — |
| 1992 | 19.07 % change on previous year | +3.4% |
| 1993 | 22.41 % change on previous year | +17.5% |
| 1994 | 21.39 % change on previous year | -4.5% |
| 1995 | 33.3 % change on previous year | +55.7% |
| 1996 | 28.04 % change on previous year | -15.8% |
| 1997 | 25.15 % change on previous year | -10.3% |
| 1998 | -0.2626 % change on previous year | -101.0% |
| 1999 | 10.17 % change on previous year | -3970.9% |
| 2000 | 25.24 % change on previous year | +148.3% |
| 2001 | 19.76 % change on previous year | -21.7% |
| 2002 | 25.13 % change on previous year | +27.2% |
| 2003 | 3.82 % change on previous year | -84.8% |
| 2004 | 19.38 % change on previous year | +407.3% |
| 2005 | -12.15 % change on previous year | -162.7% |
| 2006 | -25.17 % change on previous year | +107.2% |
| 2007 | -0.6703 % change on previous year | -97.3% |
| 2008 | 8 % change on previous year | -1293.9% |
| 2009 | 18.35 % change on previous year | +129.3% |
| 2010 | 30.07 % change on previous year | +63.9% |
| 2011 | 32.59 % change on previous year | +8.4% |
| 2012 | 6.73 % change on previous year | -79.3% |
| 2013 | -13.08 % change on previous year | -294.2% |
| 2014 | 36.6 % change on previous year | -379.8% |
| 2015 | -21 % change on previous year | -157.4% |
| 2016 | 10.11 % change on previous year | -148.1% |
| 2017 | -15.79 % change on previous year | -256.2% |
| 2018 | 6.1 % change on previous year | -138.6% |
| 2019 | -0.9532 % change on previous year | -115.6% |
| 2020 | 6.16 % change on previous year | -745.9% |
| 2021 | 4.92 % change on previous year | -20.1% |
| 2022 | 7.76 % change on previous year | +57.7% |
| 2023 | -4.6 % change on previous year | -159.3% |
Eritrea compared with similar countries
- Eritrea's -4.6 % change on previous year is below the median for low income countries, which is 8.73 % change on previous year. (23 countries reporting)
- Eritrea's -4.6 % change on previous year is below the median for Sub-Saharan Africa, which is 9.06 % change on previous year. (45 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency 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 |
|---|---|---|---|
| 1999 | +3970.9% | -0.2626 % change on previous year | 10.17 % change on previous year |
| 2008 | +1293.9% | -0.6703 % change on previous year | 8 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.74 % change on previous year | -0.2626 % change on previous year | 33.3 % change on previous year | 9 |
| 2000s | 8.17 % change on previous year | -25.17 % change on previous year | 25.24 % change on previous year | 10 |
| 2010s | 7.14 % change on previous year | -21 % change on previous year | 36.6 % change on previous year | 10 |
| 2020s | 3.56 % change on previous year | -4.6 % change on previous year | 7.76 % change on previous year | 4 |
Countries ranked near Eritrea
- 202 Algeria -4.46 % change on previous year compare
- 203 Tonga -4.51 % change on previous year compare
- 204 Belize -4.59 % change on previous year compare
- 206 Monaco -4.6 % change on previous year compare
- 207 Congo -4.91 % change on previous year compare
- 208 Thailand -5.04 % change on previous year 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)
- 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 value added (total manufacturing) — value standard local currency in Eritrea?
- Value added (total manufacturing) — value standard local currency in Eritrea was -4.6 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Eritrea?
- The highest recorded value was 36.6 % change on previous year in 2014.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Eritrea?
- The lowest recorded value was -25.17 % change on previous year in 2006.
- How does Eritrea rank for value added (total manufacturing) — value standard local currency?
- Eritrea ranks 205th out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency 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 Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.