PPP conversion factor, GDP in Eritrea
Eritrea: PPP conversion factor, GDP was 4.94 LCU per international $ in 2021. ▲ Rising
PPP conversion factor, GDP in Eritrea, 1992–2021
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
Eritrea recorded 4.94 LCU per international $ for ppp conversion factor, gdp in 2021.
The figure is down 1.5% on the previous year and down 18.7% over ten years.
Over the whole period, ppp conversion factor, gdp in Eritrea peaked at 6.38 LCU per international $ in 2012 and was at its lowest, 1.02 LCU per international $, in 1993.
That places Eritrea 108th out of 204 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.34 LCU per international $ | 1.02 LCU per international $ | 1.59 LCU per international $ | 8 |
| 2000s | 3.65 LCU per international $ | 1.94 LCU per international $ | 6.27 LCU per international $ | 10 |
| 2010s | 5.63 LCU per international $ | 4.69 LCU per international $ | 6.38 LCU per international $ | 10 |
| 2020s | 4.98 LCU per international $ | 4.94 LCU per international $ | 5.01 LCU per international $ | 2 |
Countries ranked near Eritrea
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 ppp conversion factor, gdp in Eritrea?
- Ppp conversion factor, gdp in Eritrea was 4.94 LCU per international $ in 2021, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, gdp recorded in Eritrea?
- The highest recorded value was 6.38 LCU per international $ in 2012.
- What is the lowest ppp conversion factor, gdp recorded in Eritrea?
- The lowest recorded value was 1.02 LCU per international $ in 1993.
- How does Eritrea rank for ppp conversion factor, gdp?
- Eritrea ranks 108th out of 204 countries with data for 2021.
- Is ppp conversion factor, gdp rising or falling in Eritrea?
- Over the last ten years it is down 18.7%. 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 PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
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CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The purchasing power parity (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 gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.