GDP in Eritrea
Eritrea: GDP was 31.75 billion constant LCU in 2011. ▲ Rising
GDP in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gdp in Eritrea is 31.75 billion constant LCU, measured in 2011. That is the highest value across all 20 years on record.
That represents a change of up 8.7% on the previous year and up 9.1% over ten years.
Over the whole period, gdp in Eritrea peaked at 31.75 billion constant LCU in 2011 and was at its lowest, 16.28 billion constant LCU, in 1992.
That places Eritrea 157th out of 214 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.46 billion constant LCU | 16.28 billion constant LCU | 27.63 billion constant LCU | 8 |
| 2000s | 29.17 billion constant LCU | 26.76 billion constant LCU | 30.50 billion constant LCU | 10 |
| 2010s | 30.48 billion constant LCU | 29.21 billion constant LCU | 31.75 billion constant LCU | 2 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Exports of goods and services 575.7% (2011)
- Gross national expenditure 43.63 billion current LCU (2011)
- Industry (including construction), value added 21.8% (2009)
- Gross national expenditure 137.4% (2011)
- Exports of goods and services 374.90 million current US$ (2011)
- Exports of goods and services 5.76 billion current LCU (2011)
- Industry (including construction), value added -0.2% (2009)
- Gross fixed capital formation 260.73 million current US$ (2011)
- Industry (including construction), value added 6.23 billion current LCU (2009)
- Gross national expenditure 2.84 billion current US$ (2011)
Frequently asked questions
- What is gdp in Eritrea?
- Gdp in Eritrea was 31.75 billion constant LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Eritrea?
- The highest recorded value was 31.75 billion constant LCU in 2011.
- What is the lowest gdp recorded in Eritrea?
- The lowest recorded value was 16.28 billion constant LCU in 1992.
- How does Eritrea rank for gdp?
- Eritrea ranks 157th out of 214 countries with data for 2011.
- Is gdp rising or falling in Eritrea?
- Over the last ten years it is up 9.1%. The long-run trend across the full record is rising.
- 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 GDP (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.