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Gross Domestic Product (GDP) in Eritrea

GDP of Eritrea, 1994-2015

During 1994-2015 GDP of Eritrea in current prices rose by 4.2 billion US dollars (in 7.6 times) to 4.8 billion US dollars; change occurred by 0.41 billion US dollars by increasing of people by 2.1 million, as well as by 3.7 billion US dollars by increasing of GDP per capita by 715.0 US dollars. The average annual growth of GDP of Eritrea was 0.20 billion US dollars or 10.1%. The average annual growth of GDP of Eritrea in constant prices was 2.9%. Share in the world increased by 0.0042%. Share in Africa grew by 0.091%. Minimal GDP was in 1994 (0.63 billion US dollars). Maximal GDP was in 2015 (4.8 billion US dollars).

During 1994-2015 GDP per capita in Eritrea increased by 715.0 US dollars (in 4.6 times) to 915.0 US dollars. The average annual growth of GDP per capita in current prices was 34.0 US dollars or 7.5%.

Change of GDP of Eritrea described by linear regression model: y=0.16x-326.8, where y - estimated value of GDP of Eritrea, x - year. Correlation rate = 0.869. Determination rate = 0.756.

GDP of Eritrea, 1994

GDP of Eritrea in 1994 was 0.63 billion US dollars, ranked 177th in the world and was on par with GDP of Antigua and Barbuda (0.59 bln. US dollars). Share of Eritrea in the world GDP was 0.0023%.

GDP per capita in Eritrea in 1994 was worth 200.0 US dollars, ranked 197th in the world and was on par with GDP per capita in Nepal (208.0 US dollars), GDP per capita in Iraq (206.0 US dollars), GDP per capita in Chad (198.0 US dollars), GDP per capita in Burkina Faso (195.0 US dollars), GDP per capita in Rwanda (190.0 US dollars). GDP per capita in Eritrea was less than GDP per capita in the World (4 952.0 US dollars) by 4 752.0 US dollars.

Comparison of GDP in Eritrea and the neighbors in 1994. GDP of Eritrea was greater than GDP of Djibouti (0.5 billion US dollars), but was less than GDP of Sudan (11.9 billion US dollars), GDP of Ethiopia (7.1 billion US dollars). GDP per capita in Eritrea was greater than GDP per capita in Ethiopia (129.0 US dollars), but was less than GDP per capita in Djibouti (786.0 US dollars), GDP per capita in Sudan (407.0 US dollars).

Comparison of GDP in Eritrea and leaders in 1994. GDP of Eritrea was less than GDP of the United States (7 308.7 billion US dollars) in 11 587.0 times, GDP of Japan (4 907.0 billion US dollars) in 7 779.5 times, GDP of Germany (2 205.9 billion US dollars) in 3 497.2 times, GDP of the United Kingdom (1 140.4 billion US dollars) in 1 808.0 times, GDP of China (566.5 billion US dollars) in 898.1 times. GDP per capita in Eritrea was less than GDP per capita in Japan (39 541.0 US dollars) in 197.7 times, GDP per capita in the United States (27 758.0 US dollars) in 138.8 times, GDP per capita in Germany (27 164.0 US dollars) in 135.8 times, GDP per capita in the United Kingdom (19 752.0 US dollars) in 98.8 times, GDP per capita in China (466.0 US dollars) in 2.3 times.

Potential GDP of Eritrea in 1994. With GDP per capita at the level of Japan (39 541.0 US dollars), GDP of Eritrea would be 124.7 billion US dollars, it is in 197.7 times more than the actual level. With GDP per capita at the level of the World (4 952.0 US dollars), GDP of Eritrea would be 15.6 billion US dollars, it is in 24.8 times more than the actual level. With GDP per capita at the level of Djibouti (786.0 US dollars), as the best neighbor, GDP of Eritrea would be 2.5 billion US dollars, it is in 3.9 times more than the actual level. With GDP per capita at the level of Africa (757.0 US dollars), GDP of Eritrea would be 2.4 billion US dollars, it is in 3.8 times more than the actual level. With GDP per capita at the level of Eastern Africa (278.0 US dollars), GDP of Eritrea would be 0.88 billion US dollars, it is by 39% more than the actual level.

GDP of Eritrea, 2015

GDP of Eritrea in 2015 was 4.8 billion US dollars, ranked 160th in the world and was on par with GDP of Mauritania (5.0 bln. US dollars), GDP of Suriname (4.9 bln. US dollars), GDP of Sierra Leone (4.5 bln. US dollars). Share of Eritrea in the world GDP was 0.0064%.

GDP per capita in Eritrea in 2015 was 915.0 US dollars, ranked 182nd in the world and was on par with GDP per capita in Lesotho (941.0 US dollars), GDP per capita in Tajikistan (926.0 US dollars), GDP per capita in Senegal (901.0 US dollars), GDP per capita in Zimbabwe (890.0 US dollars), GDP per capita in Tanzania (877.0 US dollars). GDP per capita in Eritrea was less than GDP per capita in the World (10 098.0 US dollars) by 9 183.0 US dollars.

Comparison of GDP in Eritrea and the neighbors in 2015. GDP of Eritrea was greater than GDP of Djibouti (1.7 billion US dollars), but was less than GDP of Sudan (93.9 billion US dollars), GDP of Ethiopia (59.9 billion US dollars). GDP per capita in Eritrea was greater than GDP per capita in Ethiopia (603.0 US dollars), but was less than GDP per capita in Sudan (2 335.0 US dollars), GDP per capita in Djibouti (1 956.0 US dollars).

Comparison of GDP in Eritrea and leaders in 2015. GDP of Eritrea was less than GDP of the United States (18 036.6 billion US dollars) in 3 771.2 times, GDP of China (11 158.5 billion US dollars) in 2 333.1 times, GDP of Japan (4 383.1 billion US dollars) in 916.4 times, GDP of Germany (3 363.6 billion US dollars) in 703.3 times, GDP of the United Kingdom (2 858.0 billion US dollars) in 597.6 times. GDP per capita in Eritrea was less than GDP per capita in the United States (56 054.0 US dollars) in 61.3 times, GDP per capita in the United Kingdom (44 162.0 US dollars) in 48.3 times, GDP per capita in Germany (41 686.0 US dollars) in 45.6 times, GDP per capita in Japan (34 629.0 US dollars) in 37.8 times, GDP per capita in China (8 109.0 US dollars) in 8.9 times.

Potential GDP of Eritrea in 2015. With GDP per capita at the level of the United States (56 054.0 US dollars), GDP of Eritrea would be 293.0 billion US dollars, it is in 61.3 times more than the actual level. With GDP per capita at the level of the World (10 098.0 US dollars), GDP of Eritrea would be 52.8 billion US dollars, it is in 11.0 times more than the actual level. With GDP per capita at the level of Sudan (2 335.0 US dollars), as the best neighbor, GDP of Eritrea would be 12.2 billion US dollars, it is in 2.6 times more than the actual level. With GDP per capita at the level of Africa (1 927.0 US dollars), GDP of Eritrea would be 10.1 billion US dollars, it is in 2.1 times more than the actual level.

Size of GDP in Eritrea

Gross Domestic Product (GDP) in Eritrea, bln. US dollars
Prices1994200020102015
current prices0.630.712.14.8
constant prices19940.630.940.881.2
20050.761.11.11.4
Picture. Eritrea: GDP

GDP in Eritrea and its neighbors, bln. $
Country1994200020102015
Sudan11.913.169.793.9
Ethiopia7.18.026.359.9
Eritrea0.630.712.14.8
Djibouti0.510.561.11.7

GDP in Eritrea and leaders, bln. $
Country1994200020102015
United States7 308.710 284.814 964.418 036.6
China566.51 214.96 066.411 158.5
Japan4 907.04 887.55 700.14 383.1
Germany2 205.91 950.03 417.13 363.6
United Kingdom1 140.41 635.42 429.72 858.0
Eritrea0.630.712.14.8

Growth of GDP in Eritrea

Picture. Eritrea: GDP, growth Picture. Eritrea: GDP, growth

GDP per capita in Eritrea

Picture. Eritrea: GDP per capita Picture. Eritrea: GDP per capita

GDP per capita in Eritrea and its neighbors, $
Country1994200020102015
Sudan407.0377.01 509.02 335.0
Djibouti786.0769.01 284.01 956.0
Eritrea200.0200.0451.0915.0
Ethiopia129.0121.0300.0603.0

GDP per capita in Eritrea and leaders, $
Country1994200020102015
United States27 758.036 355.048 291.056 054.0
United Kingdom19 752.027 781.038 741.044 162.0
Germany27 164.023 810.042 483.041 686.0
Japan39 541.038 878.044 770.034 629.0
China466.0957.04 524.08 109.0
Eritrea200.0200.0451.0915.0

Structure of GDP in Eritrea

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
1994126.8101.025.925.225.2-52.1
2000126.571.754.822.022.0-48.5
2010109.385.423.99.39.3-18.6
201598.779.519.27.67.6-6.3

© Ivan Kushnir

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