Eritrea GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Eritrea's gdp growth was 3.84% in 2019, ranked 80th globally. This represents a 70.6% decrease from 2018. Data from World Bank, covering 1993–2019.
Overview
Eritrea's gdp growth stood at 3.84% in 2019, a decline of +9.20pp from 2018. Eritrea ranked 80th globally.
Eritrea's GDP growth has experienced significant fluctuations over the past 27 years, with the country's all-time peak reaching 30.93% in 2014, followed by a sharp decline to a trough of -20.62% in 2015. The economy has since recovered, but at a much slower rate, with a GDP growth rate of 3.84% in 2019, ranking 80th globally. In comparison, Brunei Darussalam reported a similar growth rate of 3.87% in 2019. Eritrea's GDP growth has been volatile, reflecting the country's history of conflict and economic instability. The 2014 peak was largely driven by post-conflict reconstruction efforts, while the 2015 trough was a result of drought and a decline in the agricultural sector. Looking forward, a sustained commitment to economic diversification and infrastructure development would be crucial in stabilizing Eritrea's GDP growth trajectory and promoting more inclusive and sustainable economic development.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2019 | 3.84% | −9.20pp | #80 |
| 2018 | 13.03% | +23.05pp | #1 |
| 2017 | -10.02% | −17.41pp | #212 |
| 2016 | 7.39% | +28.01pp | #11 |
| 2015 | -20.62% | −51.56pp | #210 |
| 2014 | 30.93% | +41.39pp | #1 |
| 2013 | -10.46% | −12.34pp | #208 |
| 2012 | 1.89% | −23.82pp | #128 |
| 2011 | 8.68% | −2.17pp | #17 |
| 2010 | 2.19% | −9.98pp | #145 |
| 2009 | 3.88% | +23.31pp | #45 |
| 2008 | -9.78% | −11.21pp | #204 |
| 2007 | 1.43% | +2.40pp | #186 |
| 2006 | -0.97% | −3.54pp | #193 |
| 2005 | 2.57% | +1.12pp | #153 |
Detected Pattern
Analysis
Eritrea matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp growth improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's gdp growth was 3.84% in 2019. Ranked 80th globally. This represents a 70.6% decrease from the previous year.
Eritrea's gdp growth peaked at 30.93% in 2014.
The lowest gdp growth in Eritrea was -20.62% in 2015.
Eritrea ranks 80th globally in gdp growth as of 2019.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of Eritrea in 2019 was 3.84%. This ranks 80th in the world.
Cite this page
@misc{historysaid_eritrea_gdp-growth,
title = {Eritrea GDP Growth},
url = {https://historysaid.com/eritrea/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}