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 169th of 215 countries on this measure, 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 | 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
- 166 Luxembourg 2,801 million SLC compare
- 167 Liechtenstein 2,532 million SLC compare
- 168 Gambia 2,212 million SLC compare
- 170 Maldives 2,007 million SLC compare
- 171 Papua New Guinea 1,979 million SLC compare
- 172 Palestine 1,939 million SLC compare
More economy & growth data for Eritrea
- External balance on goods and services as a percent of gdp -11.08 (2011)
- Gdp per capita worldbank constant usd 751.38 (2011)
- Manufacturing value added to gdp 5.49 (2009)
- Gdp worldbank constant usd 2.25 billion (2011)
- Gdp per capita in international and market dollars 751.38 (2011)
- DEC alternative conversion factor 15.07 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.43 billion current LCU (2009)
- Net secondary income (Net current transfers from abroad) 353.00 million current US$ (2009)
- Taxes less subsidies on products 795.00 million current LCU (2009)
- Taxes less subsidies on products 51.71 million current US$ (2009)
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 169th out of 215 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).