The Trading Economics Application Programming Interface (API) provides direct access to our data. Eritrea is one of the poorest countries in the world where 80 percent of population rely on subsistence agriculture. The Gross Domestic Product (GDP) in Eritrea expanded 3.10 percent in 2019 from the previous year. In 2019, GDP per capita for Eritrea was 343 US dollars. GDP Annual Growth Rate in Eritrea averaged 4.79 percent from 1991 until 2019, reaching an all time high of 21.25 percent in 2001 and a record low of -13.12 percent in 2000. GDP per capita is gross domestic product divided by midyear population. The Gross Domestic Product (GDP) in Eritrea was worth 6.50 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Lack of basic infrastructure, unemployment, illiteracy and insecurity are Eritrea's main obstacles to growth. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Current USD The gross domestic product (GDP) measures of national income and output for a given country's economy. 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. The GDP value of Eritrea represents 0.01 percent of the world economy. This page has economic forecasts for Eritrea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Eritrea economy. The Trading Economics Application Programming Interface (API) provides direct access to our data. Eritrea’s recent growth performance has been marked by significant volatility in part due to its dependence on a predominantly rain-fed agriculture sector, accounting for about one-third of the economy (and which has a significant impact on distribution services which account for around 20% of gross domestic product (GDP), and on a narrow mining sector which also accounts for 20% of the … Though Eritrea GDP per capita fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 343 US dollars in 2019. While the bulk of this debt is domestic, external debt is estimated at 64.4% of GDP. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Unemployment Rate in Eritrea averaged 6.69 percent from 1991 until 2019, reaching an all time high of 7 percent in 2013 and a record low of 6.10 percent in 2008.
Unemployment Rate in Eritrea remained unchanged at 6.50 percent in 2019 from 6.50 percent in 2018. With total debt at 248.9% of GDP in 2019, Eritrea is already at high risk of debt distress, reducing its debt carrying capacity.
The current account surplus fell to 11.3% of GDP in 2019, largely reflecting a drop in net exports. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 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. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Eritrea’s recent growth performance has been marked by significant volatility in part due to its dependence on a predominantly rain-fed agriculture sector, accounting for about one-third of the economy (and which has a significant impact on distribution services which account for around 20% of gross domestic product (GDP), and on a narrow mining sector which also accounts for 20% of the … This page provides - Eritrea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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