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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.

 
 
Source
Central bank

Bank of Eritrea

Source
International Reserves

USD 0.1 billion (2011)

World Bank, data retrieved January 2017

Source
Gross Domestic Product - GDP

USD 6.1 billion (2017, estimate)

Source
GDP (Purchasing Power Parity)

Intl$ 9.7 billion (2017, estimate)

Source
Real GDP growth
2006 2007* 2008* 2009* 2010* 2011* 2012*
-1% 1.4% -9.8% 3.9% 2.2% 8.7% 7%
2013* 2014* 2015* 2016* 2017*    
3.1% 5% 4.8% 3.7% 3.3%    

*Estimate

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GDP per capita - current prices

USD 844.1 (2017, estimate)

Source
GDP per capita - PPP

Intl$ 1,349.5 (2017, estimate)

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.01% 0.01% 0.008%

*Estimate

Source
 
 
Source
GDP - composition by sector
  • agriculture: 12.1% 
  • industry: 29.5% 
  • services: 58.5%

(2016 estimate)

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

N/A

Source
Inflation
2013* 2014* 2015* 2016* 2017*
6.5% 10.0% 9.0% 9.0% 9.0%

*Estimate

Source
Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2013* 2014* 2015* 2016* 2017*
128.4% 126.5% 127.1% 125.5% 127.4%

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2013* 2014* 2015* 2016* 2017*
-15.1% -14.4% -14.2% -14% -13.8%

*Estimate

Source
Government bond ratings

Standard & Poor's: N/A

Moody': N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Source
Largest companies

N/A

Source
 
 
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Current account balance

USD 0.1 billion (2017 estimate)

Source
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)

Source
Shares in world total merchandising export

0.003% (2015)

Source
Shares in world total commercial services export

N/A

Source
Total exports

USD 485.2 millions (2016 estimate)

Source
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)

Source
 
 
Source
Import commodities

Machinery, petroleum products, food, manufactured goods

Source
Exports - major partners

N/A

Source
Imports - major partners

N/A

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

N/A

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

N/A

Source
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

Source
Global competitiveness ranking

N/A

Source
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

Source
Capital

Asmara (Asmera)

Source
Currency

Nakfa (ERN)

Source
Government type

Presidential republic

Source
Languages

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

Source
Religions

Muslim, Coptic Christian, Roman Catholic, Protestant

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

*Estimate

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

19.4 years (2016 estimate)

Source
Population growth rate

0.81% (2016 estimate)

Source
Life expectancy

64.9 years (2016 estimate)

Source
Literacy

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

(age 15 and over can read and write) 

Source
% of population living on less than $3.10 a day

N/A

Source
Inequality of wealth distribution (Gini index)

N/A

Source
Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2017)                         

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

Source
Total telephone subscribers as % of population

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

Source
Internet users as % of total population

1.08% (2015)

Source
Mercer Cost of living index

N/A

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CO2 emissions

N/A

Source
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