[ Nominal GDP in billions of USD ]
Year -
$2.07 billions
Eritrea GDP expanded from 1992 to 2011, increasing from $0.48 billion to $2.07 billion.The compound annual growth rate (CAGR) averaged 8% over the period. The economy recorded its peak level in 2011 and its lowest level in 1993. Growth volatility remained high. The maximum drawdown reached 14.52%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2011 | 2011 |
| Latest GDP | $ 2.07 Billions | $ 5.22 Int Billions |
| Growth (YoY) | 29.914% | 10.922% |
| Net Change vs Previous Year | $ 0.48 Billion | $ 0.51 Int Billion |
| % of World GDP | 0.00% | 0.01% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | - | - | - | - | - | - |
| 1991 | - | - | - | - | - | - |
| 1992 | 0.48 | - | - | 1.84 | - | - |
| 1993 | 0.47 | -0.01 | -1.934 % | 2.13 | 0.3 | 16.144 % |
| 1994 | 0.53 | 0.06 | 13.64 % | 2.64 | 0.51 | 23.81 % |
| 1995 | 0.58 | 0.05 | 8.713 % | 2.77 | 0.13 | 5.015 % |
| 1996 | 0.69 | 0.12 | 19.986 % | 3.08 | 0.31 | 11.259 % |
| 1997 | 0.69 | -0.01 | -1.016 % | 3.39 | 0.3 | 9.77 % |
| 1998 | 0.75 | 0.06 | 8.599 % | 3.48 | 0.1 | 2.916 % |
| 1999 | 0.69 | -0.06 | -7.593 % | 3.53 | 0.05 | 1.429 % |
| 2000 | 0.71 | 0.02 | 2.533 % | 3.5 | -0.03 | -0.948 % |
| 2001 | 0.75 | 0.05 | 6.512 % | 3.89 | 0.39 | 11.204 % |
| 2002 | 0.73 | -0.02 | -3.064 % | 4.07 | 0.18 | 4.606 % |
| 2003 | 0.87 | 0.14 | 19.323 % | 4.04 | -0.03 | -0.734 % |
| 2004 | 1.11 | 0.24 | 27.441 % | 4.21 | 0.17 | 4.18 % |
| 2005 | 1.1 | -0.01 | -0.958 % | 4.46 | 0.24 | 5.791 % |
| 2006 | 1.21 | 0.11 | 10.264 % | 4.55 | 0.09 | 2.085 % |
| 2007 | 1.32 | 0.11 | 8.819 % | 4.74 | 0.19 | 4.175 % |
| 2008 | 1.38 | 0.06 | 4.72 % | 4.36 | -0.38 | -8.045 % |
| 2009 | 1.86 | 0.48 | 34.525 % | 4.55 | 0.2 | 4.517 % |
| 2010 | 1.59 | -0.27 | -14.39 % | 4.71 | 0.16 | 3.436 % |
| 2011 | 2.07 | 0.48 | 29.914 % | 5.22 | 0.51 | 10.922 % |
| 2012 | - | - | - | - | - | - |
| 2013 | - | - | - | - | - | - |
| 2014 | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - |
| 2020 | - | - | - | - | - | - |
| 2021 | - | - | - | - | - | - |
| 2022 | - | - | - | - | - | - |
| 2023 | - | - | - | - | - | - |
| 2024 | - | - | - | - | - | - |
Between 1992 to 2011, Eritrea experienced the following economic phases:
The most remarkable growth occurred in 2009 with an increase of 34.525%, while the largest decline was in 2010 at -14.39%.