Value Added (Total Manufacturing) — Value Standard Local Currency in Eritrea
Eritrea: Value Added (Total Manufacturing) — Value Standard Local Currency was 2,109 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Eritrea, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Eritrea stood at 2,109 million SLC.
Compared with earlier readings it is down 4.6% on the previous year and up 20.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Eritrea peaked at 2,393 million SLC in 2014 and was at its lowest, 114.68 million SLC, in 1990.
Eritrea ranks 181st of 231 countries on this measure, 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 | million SLC | Change |
|---|---|---|
| 1990 | 114.68 million SLC | — |
| 1991 | 135.82 million SLC | +18.4% |
| 1992 | 161.72 million SLC | +19.1% |
| 1993 | 197.96 million SLC | +22.4% |
| 1994 | 240.3 million SLC | +21.4% |
| 1995 | 320.33 million SLC | +33.3% |
| 1996 | 410.16 million SLC | +28.0% |
| 1997 | 513.3 million SLC | +25.1% |
| 1998 | 511.95 million SLC | -0.3% |
| 1999 | 563.99 million SLC | +10.2% |
| 2000 | 706.36 million SLC | +25.2% |
| 2001 | 845.96 million SLC | +19.8% |
| 2002 | 1,059 million SLC | +25.1% |
| 2003 | 1,099 million SLC | +3.8% |
| 2004 | 1,312 million SLC | +19.4% |
| 2005 | 1,153 million SLC | -12.1% |
| 2006 | 862.48 million SLC | -25.2% |
| 2007 | 856.7 million SLC | -0.7% |
| 2008 | 925.26 million SLC | +8.0% |
| 2009 | 1,095 million SLC | +18.4% |
| 2010 | 1,424 million SLC | +30.1% |
| 2011 | 1,889 million SLC | +32.6% |
| 2012 | 2,016 million SLC | +6.7% |
| 2013 | 1,752 million SLC | -13.1% |
| 2014 | 2,393 million SLC | +36.6% |
| 2015 | 1,891 million SLC | -21.0% |
| 2016 | 2,082 million SLC | +10.1% |
| 2017 | 1,753 million SLC | -15.8% |
| 2018 | 1,860 million SLC | +6.1% |
| 2019 | 1,842 million SLC | -1.0% |
| 2020 | 1,956 million SLC | +6.2% |
| 2021 | 2,052 million SLC | +4.9% |
| 2022 | 2,211 million SLC | +7.8% |
| 2023 | 2,109 million SLC | -4.6% |
Eritrea compared with similar countries
- Eritrea's 2,109 million SLC is below the median for low income countries, which is 1.14 million million SLC, 0% of the median. (23 countries reporting)
- Eritrea's 2,109 million SLC is below the median for Sub-Saharan Africa, which is 756,855 million SLC, 0% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 317.02 million SLC | 114.68 million SLC | 563.99 million SLC | 10 |
| 2000s | 991.4 million SLC | 706.36 million SLC | 1,312 million SLC | 10 |
| 2010s | 1,890 million SLC | 1,424 million SLC | 2,393 million SLC | 10 |
| 2020s | 2,082 million SLC | 1,956 million SLC | 2,211 million SLC | 4 |
Countries ranked near Eritrea
- 178 Luxembourg 2,801 million SLC compare
- 179 Liechtenstein 2,532 million SLC compare
- 180 Gambia 2,212 million SLC compare
- 182 Maldives 2,007 million SLC compare
- 183 Papua New Guinea 1,979 million SLC compare
- 184 Palestine 1,939 million SLC compare
- 184 Palestine 1,939 million SLC 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 2,109 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Eritrea?
- The highest recorded value was 2,393 million SLC in 2014.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Eritrea?
- The lowest recorded value was 114.68 million SLC in 1990.
- How does Eritrea rank for value added (total manufacturing) — value standard local currency?
- Eritrea ranks 181st 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 20.4%. 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) — Value Standard Local Currency. 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).