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Eritrea GDP and Economic Data

Country Report 2017 - Includes Eritrea real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Eritrea economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Eritrea best banks and safest banks are also available.

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COVER STORY: KENYA – REBIRTH OF A NATION   By Dan Keeler   With a new constitution, bold economic targets and an ambitious social development strategy, Kenya is determined to become the new star of Africa. All the signs so ...

 
 
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Central bank

Bank of Eritrea

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International Reserves

N/A

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Gross Domestic Product - GDP

USD 6.7 billion (2018, estimate)

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GDP (Purchasing Power Parity)

Intl$ 10.0 billion (2018, estimate)

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Real GDP growth
2007* 2008* 2009* 2010* 2011* 2012* 2013*
1.4% -9.8% 3.9% 2.2% 8.7% 7% 4.7%
2014* 2015* 2016* 2017* 2018*    
2.9% 2.6% 1.9% 5% 4.2%    

*Estimate

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GDP per capita - current prices

USD 1,111.5 (2018, estimate)

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GDP per capita - PPP

Intl$ 1,656.5 (2018, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
N/A N/A 0.01% 0.01% 0.007%

*Estimate

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GDP - composition by sector
  • agriculture: 11.7% 
  • industry: 29.6% 
  • services: 58.7%

(2018 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

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Inflation
2015 2016 2017 2018* 2019*
28.5% -5.6% -13.3% -14.4% -27.6%

*Estimate

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Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
190.3% 170.1% 196.2% 174.3% 165.1%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-3.2% 3.9% 1.8%

10.9%

 0.6%

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody': N/A

Standard & Poor's / Moody's 

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Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD 0.1 billion (2017 estimate)

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Current account balance by percentage of GDP

0.9% (2017 estimate)

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Exports as percent of GDP (Exports of goods and services)

14.4% (2011)

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Shares in world total merchandising export

0.003% (2015)

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Shares in world total commercial services export

N/A

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Total exports

USD 485.2 millions (2016 estimate)

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Export commodities

Gold and other minerals, livestock, sorghum, textiles, food, small industry manufactures

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Total imports

USD 1.0 billion (2016 estimate)

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Import commodities

Machinery, petroleum products, food, manufactured goods

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Exports - major partners

N/A

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Imports - major partners

N/A

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FDI inflows
2013 2014 2015
USD 44 million USD 47 million USD 49 million
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FDI outflows
2013 2014 2015
N/A N/A N/A
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 189 out of 190 countries (2016)

Subcategories:

Starting a business: 186 out of 190 countries

Enforcing Contracts: 121 out of 190 countries

Registering Property: 178 out of 190 countries

Getting credit: 185 out of 190 countries

Protecting investors: 165 out of 190 countries

Trading across border: 189 out of 190 countries

Paying Taxes: 147 out of 190 countries

Dealing with Construction Permits: 187 out of 190 countries

Getting Electricity: 141 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 173 / Score: 42.7 (Repressed) (2017)

(100=totally free 0=totally repressed)

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Time zone

UTC+3

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Total area

117,600 sq km

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Capital

Asmara (Asmera)

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Currency

Nakfa (ERN)

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Government type

Presidential republic

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Languages

Tigrinya (official), Arabic (official), English (official), Tigre, Kunama, Afar, other Cushitic languages

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Religions

Muslim, Coptic Christian, Roman Catholic, Protestant

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Total population
1990 2000 2010* 2016* 2021*
N/A 4.127 million 5.71 million 6.938 million 8.161 million

*Estimate

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Urban population as % of total population
1960 1980 2000 2015
10% 14% 18% N/A
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Population median age

19.4 years (2016 estimate)

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Population growth rate

0.81% (2016 estimate)

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Life expectancy

64.9 years (2016 estimate)

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Literacy

Total population: 73.8%
Male: 82.4%
Female: 65.5% (2015 est.)

(age 15 and over can read and write) 

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2017)                         

(1 represents the most free, 7 the least free rating)

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Total telephone subscribers as % of population

Fixed 0.98%   Mobile 7.05% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

1.08% (2015)

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Mercer Cost of living index

N/A

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CO2 emissions

N/A

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