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Eritrea

Headline economic indicators for Eritrea, with the most recent official readings.

Prices

Prices — Eritrea
Indicator Value Change
GDP deflator inflation · 19.5% +35.77 (+220.4%)

GDP

GDP — Eritrea
Indicator Value Change
GDP growth rate · 8.7% +6.49 (+295.6%)
GDP per capita · 688.68 +148.98 (+27.6%)
GDP · 2,065,001,626.02 +475,486,179 (+29.9%)
GDP, PPP · 5,224,331,270 +514,416,146 (+10.9%)
GDP per capita, PPP · 1,742 +143.13 (+9.0%)
GDP per capita growth · 6.7% +6.54 (+3,177.0%)
GNI per capita · 650 +100.00 (+18.2%)
Agriculture to GDP · 14.1% -2.65 (-15.8%)
Industry to GDP · 21.8% -4.10 (-15.8%)
Manufacturing to GDP · 5.5% -1.03 (-15.8%)
Household consumption to GDP · 98.2% -15.54 (-13.7%)
Gross capital formation to GDP · 12.6% +0.24 (+1.9%)
Gross savings to GDP · 15.8% -1.50 (-8.6%)

Labour

Labour — Eritrea
Indicator Value Change
Unemployment rate · 6.0% +0.03 (+0.5%)
Labour force participation rate · 78.3% +0.01 (+0.0%)
Female labour force participation rate · 72.8% -0.02 (-0.0%)
Youth unemployment rate · 10.2% +0.19 (+1.8%)
Employment to population ratio · 73.7% -0.02 (-0.0%)
Employment in agriculture · 55.5% -0.52 (-0.9%)
Employment in industry · 12.7% +0.08 (+0.6%)
Employment in services · 31.8% +0.44 (+1.4%)

Money

Money — Eritrea
Indicator Value Change
Broad money to GDP · 176.8% +40.83 (+30.0%)
Private sector credit to GDP · 53.2% +19.25 (+56.7%)
Official exchange rate · 15.08 +0.00 (+0.0%)

Trade

Trade — Eritrea
Indicator Value Change
Current account to GDP · -14.8% +15.49 (+51.1%)
Exports to GDP · 18.2% +11.78 (+184.6%)
Imports to GDP · 29.2% -1.85 (-6.0%)
Trade to GDP · 47.4% +9.92 (+26.5%)
Exports of goods and services · 374,897,684.55 +273,512,403 (+269.8%)
Imports of goods and services · 603,784,852.03 +109,555,402 (+22.2%)
Trade balance, goods and services (annual) · -402,025,655.07 +144,501,253 (+26.4%)
Current account balance (annual) · -104,657,012.46 +104,115,361 (+49.9%)
Foreign direct investment to GDP · 0.3% -0.06 (-16.2%)
Remittances received to GDP · 0.5% -0.06 (-11.8%)
Total reserves, including gold · 191,694,416.4 +28,660,727 (+17.6%)
Reserves in months of imports · 0.8 -0.30 (-25.8%)
External debt to GNI · 51.5% -14.59 (-22.1%)

Government

Government — Eritrea
Indicator Value Change
Government consumption to GDP · 26.6% -5.19 (-16.3%)
Education spending to GDP · 2.1% -1.02 (-32.5%)
Health spending to GDP · 3.7% -0.19 (-4.9%)

Demography

Demography — Eritrea
Indicator Value Change
Population · 3,607,003 +71,400 (+2.0%)
Population growth · 2.0% +0.14 (+7.4%)
Life expectancy · 68.9 +0.27 (+0.4%)
Fertility rate · 3.68 -0.03 (-0.9%)
Birth rate · 28.7 +0.18 (+0.6%)
Death rate · 6.0 -0.05 (-0.9%)
Urban population share · 34.5% +0.00 (+0.0%)
Population aged 65 and over · 4.3% +0.06 (+1.3%)
Under-five mortality rate · 34.3 -1.10 (-3.1%)
Population density · 29.3 +0.54 (+1.9%)
Net migration · -6,698 +5,998 (+47.2%)

Economies nearby

Comparable readings from neighbouring economies.