Eritrea Economic Statistics and Indicators

21, Nov 2018, EST. Welcome to the Eritrea economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Eritrea › Change country
National or Regional Currency: Nakfa, ERN
Year of data: 2015 › Change year
Number of Indicators Listed: 34
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 6,380,803 (July 2014 est.)
Area: total: 117,600 sq km ; land: 101,000 sq km ; water: 16,600 sq km
Natural Resources: gold, potash, zinc, copper, salt, possibly oil and natural gas, fish
Capital: name: Asmara (Asmera) ; geographic coordinates: 15 20 N, 38 56 E ; time difference: UTC+3 (8 hours ahead of Washington, DC, during Standard Time)

Since formal independence from Ethiopia in 1993, Eritrea has faced many economic problems, including lack of resources and chronic drought, which have been exacerbated by restrictive economic policies. Eritrea has a command economy under the control of the sole political party, the People's Front for Democracy and Justice (PFDJ). Like the economies of many African nations, a large share of the population - nearly 80% - is engaged in subsistence agriculture, but the sector only produces a small share of the country's total output. Since the conclusion of the Ethiopian-Eritrea war in 2000, the government has expanded use of military and party-owned businesses to complete President ISAIAS's development agenda. The government has strictly controled the use of foreign currency by limiting access and availability; new regulations in 2013 have slightly relaxed currently controls. Few large private enterprises exist in Eritrea and most operate in conjunction with government partners, including a number of large international mining ventures that have recently begun production. While reliable statistics on food security are difficult to obtain, erratic rainfall and the percentage of the labor force tied up in national service continue to interfere with agricultural production and economic development. Eritrea's harvests generally cannot meet the food needs of the country without supplemental grain purchases. Copper, potash, and gold production is likely to drive economic growth over the next few years, but military spending will continue to compete with development and investment plans. Eritrea's economic future will depend on market reform, international sanctions, global food prices, and success at addressing social problems such as illiteracy and low skills.
More on the Eritrea Economy
More on the Eritrea Export, Import and Trade

Economic Indicator Listing
  For Eritrea in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 4.775 %
GDP (Current Prices, National Currency)ERN 71.742 Billion.
GDP (Current Prices, US Dollars)US$ 4.666 Billion
GDP Deflator 335.106 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)ERN 3,187.60 .
GDP Per Capita (Current Prices, National Currency)ERN 10,681.83 .
GDP Per Capita (Current Prices, US Dollars)US$ 694.753
GDP (PPP), US DollarsUS$ 8.713 Billion
GDP Per Capita (PPP), US DollarsUS$ 1,297.24
GDP Share of World Total (PPP) 0.008 %
Implied PPP Conversion Rate 8.234
Investment (% of GDP) 7.614 %
Gross National Savings (% of GDP) 1.329 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 726.104 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 9 %
Inflation, End of Year (Indexed to Year 2000) 758.638 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 9 %
Import Volume of All Items Including Goods and Services (Percent Change) 0.809 %
Import Volumes of Goods Only (Percent Change) -1.255 %
Export Volume of All Items Including Goods and Services (Percent Change) -16.905 %
Export Volumes of Goods Only (Percent Change) -22.455 %
Population 6.716 Million
General government revenue (National Currency)ERN 10.243 Billions.
General government revenue (% of GDP) 14.278 %
General government total expenditure (National Currency)ERN 20.444 Billions.
General government total expenditure (% of GDP) 28.497 %
Total Government Net Lending/ Borrowing (National Currency)ERN -10.201 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -14.219 %
Fiscal Year Gross Domestic Product, Current PricesERN 71.742 Billions.
Current Account Balance (US Dollars)US$ -0.102 Billion
Current Account Balance (% GDP) -2.193 %
Economic Indicators for Eritrea 2015

GDP (Constant Prices, National Currency) for Eritrea in year 2015 is ERN 21.409 Billion.

GDP Growth (Constant Prices, National Currency) for Eritrea in year 2015 is 4.775 %.

GDP (Current Prices, National Currency) for Eritrea in year 2015 is ERN 71.742 Billion.

GDP (Current Prices, US Dollars) for Eritrea in year 2015 is US$ 4.666 Billion.

GDP Deflator for Eritrea in year 2015 is 335.106 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Eritrea in year 2015 is ERN 3,187.60 .

GDP Per Capita (Current Prices, National Currency) for Eritrea in year 2015 is ERN 10,681.83 .

GDP Per Capita (Current Prices, US Dollars) for Eritrea in year 2015 is US$ 694.753 .

GDP (PPP), US Dollars for Eritrea in year 2015 is US$ 8.713 Billion.

GDP Per Capita (PPP), US Dollars for Eritrea in year 2015 is US$ 1,297.24 .

GDP Share of World Total (PPP) for Eritrea in year 2015 is 0.008 %.

Implied PPP Conversion Rate for Eritrea in year 2015 is 8.234 .

Investment (% of GDP) for Eritrea in year 2015 is 7.614 %.

Gross National Savings (% of GDP) for Eritrea in year 2015 is 1.329 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Eritrea in year 2015 is 726.104 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Eritrea in year 2015 is 9 %.

Inflation, End of Year (Indexed to Year 2000) for Eritrea in year 2015 is 758.638 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Eritrea in year 2015 is 9 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Eritrea in year 2015 is 0.809 %.

Import Volumes of Goods Only (Percent Change) for Eritrea in year 2015 is -1.255 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Eritrea in year 2015 is -16.905 %.

Export Volumes of Goods Only (Percent Change) for Eritrea in year 2015 is -22.455 %.

Population for Eritrea in year 2015 is 6.716 Million .

General government revenue (National Currency) for Eritrea in year 2015 is ERN 10.243 Billions.

General government revenue (% of GDP) for Eritrea in year 2015 is 14.278 %.

General government total expenditure (National Currency) for Eritrea in year 2015 is ERN 20.444 Billions.

General government total expenditure (% of GDP) for Eritrea in year 2015 is 28.497 %.

Total Government Net Lending/ Borrowing (National Currency) for Eritrea in year 2015 is ERN -10.201 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Eritrea in year 2015 is -14.219 %.

Fiscal Year Gross Domestic Product, Current Prices for Eritrea in year 2015 is ERN 71.742 Billions.

Current Account Balance (US Dollars) for Eritrea in year 2015 is US$ -0.102 Billion.

Current Account Balance (% GDP) for Eritrea in year 2015 is -2.193 %.

* Source: IMF
Aggregate Indicators for Eritrea
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Eritrea
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Eritrea
  Natural Resources, Agricultural Products, Land Use and Water Use for Eritrea
  Nationality, Ethnic Groups, Languages and Religions for Eritrea
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Eritrea
  Age Structure, Median Age, Gender and Urbanization for Eritrea
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Eritrea
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Eritrea
  HIV, AIDS and Other Major Infectious Disease Rates for Eritrea
  Literacy Rate, Educational Expenditure and School Life Expectancy for Eritrea
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Eritrea
  Industries and Industrial Growth Production Rate for Eritrea
  Labor Force by Occupation for Eritrea
  Poverty Line, Gini Index, Household Income and Consumption for Eritrea
  National Budget and Public Debt for Eritrea
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Eritrea
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Eritrea
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Eritrea
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Eritrea
  Foreign Exchange Reserves and Gold Reserves for Eritrea
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Eritrea
  Exchange Rate Statistics for Eritrea
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Eritrea
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Eritrea
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Eritrea
  Television and Radio Statistics (TV Stats, Radio Stats) for Eritrea
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Eritrea
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Eritrea
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Eritrea
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Eritrea
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Eritrea
* Source: CIA
Internet Indicators for Eritrea
Indicators
  Number of Internet Users for Eritrea
  Internet Penetration Rate for Eritrea
  Number of Facebook Accounts for Eritrea
  Facebook Penetration Rate for Eritrea
* Source: IWS
Economic Freedom Indicators for Eritrea
Indicators
  Economic Freedom World Rank for Eritrea
  Government Spending for Eritrea
  Monetary Freedom for Eritrea
  Investment Freedom for Eritrea
  Financial Freedom for Eritrea
  Property Rights for Eritrea
  Economic Freedom Regional Ranking for Eritrea
  Freedom from Corruption for Eritrea
  Labor Freedom for Eritrea
  Tariff Rate for Eritrea
  Income Tax Rate for Eritrea
  Corporate Tax Rate for Eritrea
  Tax Burden % of GDP for Eritrea
  Government Expenditure % of GDP for Eritrea
  Business Freedom for Eritrea
  Trade Freedom for Eritrea
  Fiscal Freedom for Eritrea
  2016 Score for Eritrea
* Source: HFO
Eritrea Economic Indicators in other Years
  Eritrea Economic Indicators for Year 2021 (Forecast)
  Eritrea Economic Indicators for Year 2020 (Forecast)
  Eritrea Economic Indicators for Year 2019 (Forecast)
  Eritrea Economic Indicators for Year 2018 (Forecast)
  Eritrea Economic Indicators for Year 2017 (Forecast)
  Eritrea Economic Indicators for Year 2016 (Forecast)
Eritrea Economic Indicators for Year 2015 (Current)
  Eritrea Economic Indicators for Year 2014
  Eritrea Economic Indicators for Year 2013
  Eritrea Economic Indicators for Year 2012
  Eritrea Economic Indicators for Year 2011
  Eritrea Economic Indicators for Year 2010
  Eritrea Economic Indicators for Year 2009
  Eritrea Economic Indicators for Year 2008
  Eritrea Economic Indicators for Year 2007
  Eritrea Economic Indicators for Year 2006
  Eritrea Economic Indicators for Year 2005
  Eritrea Economic Indicators for Year 2004
  Eritrea Economic Indicators for Year 2003
  Eritrea Economic Indicators for Year 2002
  Eritrea Economic Indicators for Year 2001
  Eritrea Economic Indicators for Year 2000
  Eritrea Economic Indicators for Year 1999
  Eritrea Economic Indicators for Year 1998
  Eritrea Economic Indicators for Year 1997
  Eritrea Economic Indicators for Year 1996
  Eritrea Economic Indicators for Year 1995
  Eritrea Economic Indicators for Year 1994
  Eritrea Economic Indicators for Year 1993
  Eritrea Economic Indicators for Year 1992
  Eritrea Economic Indicators for Year 1991
  Eritrea Economic Indicators for Year 1990
  Eritrea Economic Indicators for Year 1989
  Eritrea Economic Indicators for Year 1988
  Eritrea Economic Indicators for Year 1987
  Eritrea Economic Indicators for Year 1986
  Eritrea Economic Indicators for Year 1985
  Eritrea Economic Indicators for Year 1984
  Eritrea Economic Indicators for Year 1983
  Eritrea Economic Indicators for Year 1982
  Eritrea Economic Indicators for Year 1981
  Eritrea Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International