IvanStat

Total Value Added in Eritrea

Value added of Eritrea, 1994-2015

During 1994-2015 value added of Eritrea in current prices increased by 4.1 billion US dollars (in 8.2 times) to 4.6 billion US dollars; change occurred by 0.37 billion US dollars by increasing of people by 2.1 million, as well as by 3.7 billion US dollars by increasing of value added per capita by 705.2 US dollars. The average annual growth of value added of Eritrea was 0.19 billion US dollars or 10.5%. The average annual growth of value added of Eritrea in constant prices was 3.3%. Share in the world grew by 0.0044%. Share in Africa rose by 0.099%. Minimal value added was in 1994 (0.57 billion US dollars). Maximal value added was in 2015 (4.6 billion US dollars).

During 1994-2015 value added per capita in Eritrea rose by 705.2 US dollars (in 4.9 times) to 885.0 US dollars. The average annual growth of value added per capita in current prices was 33.6 US dollars or 7.9%.

Change of value added of Eritrea described by linear regression model: y=0.16x-321.8, where y - estimated value of value added of Eritrea, x - year. Correlation rate = 0.873. Determination rate = 0.761.

Value added of Eritrea, 1994

Value added of Eritrea in 1994 was 0.57 billion US dollars, ranked 177th in the world. Share of Eritrea in the world value added was 0.0021%.

Value added per capita in Eritrea in 1994 was worth 179.9 US dollars, ranked 200th in the world and was on par with value added per capita in Somalia (185.1 US dollars), value added per capita in Burkina Faso (182.6 US dollars), value added per capita in Rwanda (170.0 US dollars). Value added per capita in Eritrea was less than value added per capita in the World (4 729.5 US dollars) by 4 549.6 US dollars.

Comparison of value added in Eritrea and the neighbors in 1994. Value added of Eritrea was greater than value added of Djibouti (0.4 billion US dollars), but was less than value added of Sudan (11.3 billion US dollars), value added of Ethiopia (6.4 billion US dollars). Value added per capita in Eritrea was greater than value added per capita in Ethiopia (115.0 US dollars), but was less than value added per capita in Djibouti (672.6 US dollars), value added per capita in Sudan (388.1 US dollars).

Comparison of value added in Eritrea and leaders in 1994. Value added of Eritrea was less than value added of the United States (7 267.7 billion US dollars) in 12 812.6 times, value added of Japan (4 858.7 billion US dollars) in 8 565.6 times, value added of Germany (1 991.5 billion US dollars) in 3 511.0 times, value added of the United Kingdom (982.7 billion US dollars) in 1 732.4 times, value added of China (564.3 billion US dollars) in 994.9 times. Value added per capita in Eritrea was less than value added per capita in Japan (39 151.3 US dollars) in 217.7 times, value added per capita in the United States (27 602.4 US dollars) in 153.5 times, value added per capita in Germany (24 524.0 US dollars) in 136.4 times, value added per capita in the United Kingdom (17 019.2 US dollars) in 94.6 times, value added per capita in China (464.2 US dollars) in 2.6 times.

Potential value added of Eritrea in 1994. With value added per capita at the level of Japan (39 151.3 US dollars), value added of Eritrea would be 123.5 billion US dollars, it is in 217.7 times more than the actual level. With value added per capita at the level of the World (4 729.5 US dollars), value added of Eritrea would be 14.9 billion US dollars, it is in 26.3 times more than the actual level. With value added per capita at the level of Africa (718.3 US dollars), value added of Eritrea would be 2.3 billion US dollars, it is in 4.0 times more than the actual level. With value added per capita at the level of Djibouti (672.6 US dollars), as the best neighbor, value added of Eritrea would be 2.1 billion US dollars, it is in 3.7 times more than the actual level. With value added per capita at the level of Eastern Africa (255.8 US dollars), value added of Eritrea would be 0.81 billion US dollars, it is by 42.2% more than the actual level.

Value added of Eritrea, 2015

Value added of Eritrea in 2015 was worth 4.6 billion US dollars, ranked 159th in the world and was on par with value added of Mauritania (4.7 bln. US dollars), value added of French Polynesia (4.7 bln. US dollars), value added of Suriname (4.4 bln. US dollars), value added of Sierra Leone (4.4 bln. US dollars). Share of Eritrea in the world value added was 0.0065%.

Value added per capita in Eritrea in 2015 was equal to 885.0 US dollars, ranked 180th in the world and was on par with value added per capita in Haiti (840.6 US dollars), value added per capita in Lesotho (839.4 US dollars). Value added per capita in Eritrea was less than value added per capita in the World (9 616.5 US dollars) by 8 731.4 US dollars.

Comparison of value added in Eritrea and the neighbors in 2015. Value added of Eritrea was greater than value added of Djibouti (1.6 billion US dollars), but was less than value added of Sudan (92.3 billion US dollars), value added of Ethiopia (56.1 billion US dollars). Value added per capita in Eritrea was greater than value added per capita in Ethiopia (564.1 US dollars), but was less than value added per capita in Sudan (2 293.9 US dollars), value added per capita in Djibouti (1 757.8 US dollars).

Comparison of value added in Eritrea and leaders in 2015. Value added of Eritrea was less than value added of the United States (18 036.7 billion US dollars) in 3 898.9 times, value added of China (11 007.7 billion US dollars) in 2 379.5 times, value added of Japan (4 351.5 billion US dollars) in 940.6 times, value added of Germany (3 027.4 billion US dollars) in 654.4 times, value added of the United Kingdom (2 545.5 billion US dollars) in 550.2 times. Value added per capita in Eritrea was less than value added per capita in the United States (56 054.2 US dollars) in 63.3 times, value added per capita in the United Kingdom (39 333.5 US dollars) in 44.4 times, value added per capita in Germany (37 519.1 US dollars) in 42.4 times, value added per capita in Japan (34 379.5 US dollars) in 38.8 times, value added per capita in China (7 999.5 US dollars) in 9.0 times.

Potential value added of Eritrea in 2015. With value added per capita at the level of the United States (56 054.2 US dollars), value added of Eritrea would be 293.0 billion US dollars, it is in 63.3 times more than the actual level. With value added per capita at the level of the World (9 616.5 US dollars), value added of Eritrea would be 50.3 billion US dollars, it is in 10.9 times more than the actual level. With value added per capita at the level of Sudan (2 293.9 US dollars), as the best neighbor, value added of Eritrea would be 12.0 billion US dollars, it is in 2.6 times more than the actual level. With value added per capita at the level of Africa (1 845.1 US dollars), value added of Eritrea would be 9.6 billion US dollars, it is in 2.1 times more than the actual level.

Size of value added in Eritrea

Total Value Added in Eritrea, bln. US dollars
Prices1994200020102015
current prices0.570.662.04.6
constant prices19940.570.870.841.1
20050.681.11.01.3
Picture. Eritrea: value added

value added in Eritrea and its neighbors, bln. $
Country1994200020102015
Sudan11.312.668.492.3
Ethiopia6.47.724.556.1
Eritrea0.570.662.04.6
Djibouti0.440.491.11.6

value added in Eritrea and leaders, bln. $
Country1994200020102015
United States7 267.710 284.614 964.118 036.7
China564.31 211.36 100.611 007.7
Japan4 858.74 869.55 654.44 351.5
Germany1 991.51 759.03 074.93 027.4
United Kingdom982.71 465.12 185.82 545.5
Eritrea0.570.662.04.6

Growth of value added in Eritrea

Picture. Eritrea: value added, growth Picture. Eritrea: value added, growth

value added per capita in Eritrea

Picture. Eritrea: value added per capita Picture. Eritrea: value added per capita

value added per capita in Eritrea and its neighbors, $
Country1994200020102015
Sudan388.1362.31 480.72 293.9
Djibouti672.6672.31 269.71 757.8
Eritrea179.9186.2435.0885.0
Ethiopia115.0115.5279.4564.1

value added per capita in Eritrea and leaders, $
Country1994200020102015
United States27 602.436 354.248 290.356 054.2
United Kingdom17 019.224 889.034 853.139 333.5
Germany24 524.021 478.638 228.837 519.1
Japan39 151.338 734.644 411.134 379.5
China464.2954.24 549.67 999.5
Eritrea179.9186.2435.0885.0

Structure of value added in Eritrea

Eritrea: structure of economy
Yearagricultureindustryconstructiontradetransportsservices
199424.48.45.824.012.824.6
200015.112.410.519.712.629.6
201019.17.815.418.712.027.1
201517.27.815.719.212.327.8
Picture. Eritrea: structure of economy by sectors, 2015, %

© Ivan Kushnir

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