GDP, PPP in Eritrea
Eritrea: GDP, PPP was 5.22 billion current international $ in 2011. ▲ Rising
GDP, PPP in Eritrea, 1992–2011
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
In 2011, gdp, ppp in Eritrea stood at 5.22 billion current international $. That is the highest value across all 20 years on record.
That represents a change of up 10.9% on the previous year and up 34.2% over ten years.
Over the whole period, gdp, ppp in Eritrea peaked at 5.22 billion current international $ in 2011 and was at its lowest, 1.84 billion current international $, in 1992.
That places Eritrea 178th out of 203 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.86 billion current international $ | 1.84 billion current international $ | 3.53 billion current international $ | 8 |
| 2000s | 4.24 billion current international $ | 3.50 billion current international $ | 4.74 billion current international $ | 10 |
| 2010s | 4.97 billion current international $ | 4.71 billion current international $ | 5.22 billion current international $ | 2 |
Countries ranked near Eritrea
- 175 Belize 6.33 billion current international $ compare
- 176 Aruba 5.58 billion current international $ compare
- 177 United States Virgin Islands 5.25 billion current international $ compare
- 179 Saint Lucia 5.17 billion current international $ compare
- 180 Curacao 5.11 billion current international $ compare
- 181 Greenland 4.49 billion current international $ compare
More economy & growth data for Eritrea
- Industry (including construction), value added 21.8% (2009)
- Inflation, GDP deflator 19.5% (2011)
- 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)
- Exports of goods and services 575.7% (2011)
- Industry (including construction), value added -0.2% (2009)
- Gross fixed capital formation 4.01 billion current LCU (2011)
- Gross fixed capital formation 260.73 million current US$ (2011)
- Gross national expenditure 43.63 billion current LCU (2011)
Frequently asked questions
- What is gdp, ppp in Eritrea?
- Gdp, ppp in Eritrea was 5.22 billion current international $ in 2011, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Eritrea?
- The highest recorded value was 5.22 billion current international $ in 2011.
- What is the lowest gdp, ppp recorded in Eritrea?
- The lowest recorded value was 1.84 billion current international $ in 1992.
- How does Eritrea rank for gdp, ppp?
- Eritrea ranks 178th out of 203 countries with data for 2011.
- Is gdp, ppp rising or falling in Eritrea?
- Over the last ten years it is up 34.2%. The long-run trend across the full record is rising.
- Where does this Eritrea data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.