Eritrea GDP
Gross Domestic Product in current US dollars NY.GDP.MKTP.CD
Eritrea's gdp was $2.0B in 2019, ranked 27th globally. This represents a 1.2% decrease from 2018. Data from World Bank, covering 1992–2019.
Overview
Eritrea's gdp stood at $2.0B in 2019, a decline of +$24.0M from 2018. Eritrea ranked 27th globally.
Eritrea’s gross domestic product has risen from a modest 477,101,651.65 in 1992 to 1,982,000,000.00 in 2019, placing the country 27th globally among economies with comparable data coverage. The early 1990s marked the lowest point, with an all‑time trough of 467,872,714.76 in 1993, shortly after independence and amid civil conflict, while the post‑conflict recovery and modest investment in services and mining lifted output to an all‑time peak of 2,604,000,000.00 in 2014. Over the 28‑year span, growth has been uneven, reflecting limited diversification and recurring fiscal constraints. Eritrea’s 2019 GDP is close to that of Seychelles (1,868,690,096.73) and Timor‑Leste (2,032,550,389.41), underscoring its position among small, lower‑middle‑income economies. Continued reforms in the private sector, improvement of the investment climate, and expanded trade could sustain the upward trajectory, while renewed political instability would likely reverse recent gains.
Data & projection
| Year | GDP | YoY change | Rank |
|---|---|---|---|
| 2019 | $2.0B | −$24.0M | #27 |
| 2018 | $2.0B | +$102.0M | #27 |
| 2017 | $1.9B | −$309.0M | #28 |
| 2016 | $2.2B | +$197.0M | #32 |
| 2015 | $2.0B | −$588.0M | #30 |
| 2014 | $2.6B | +$646.0M | #35 |
| 2013 | $2.0B | −$297.0M | #30 |
| 2012 | $2.3B | +$190.0M | #32 |
| 2011 | $2.1B | +$475.0M | #33 |
| 2010 | $1.6B | +$292.5M | #28 |
| 2009 | $1.9B | +$933.7M | #34 |
| 2008 | $1.4B | +$360.2M | #25 |
| 2007 | $1.3B | +$381.0M | #26 |
| 2006 | $1.2B | +$361.2M | #28 |
| 2005 | $1.1B | +$240.4M | #29 |
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 improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's gdp was $2.0B in 2019. Ranked 27th globally. This represents a 1.2% decrease from the previous year.
Eritrea's gdp peaked at $2.6B in 2014.
The lowest gdp in Eritrea was $467.9M in 1993.
Eritrea ranks 27th globally in gdp as of 2019.
The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.
Eritrea's gdp was approximately 1.98 billion ($2.0B) in 2019.
The gdp of Eritrea in 2019 was $2.0B. This ranks 27th in the world.
Cite this page
@misc{historysaid_eritrea_gdp,
title = {Eritrea GDP},
url = {https://historysaid.com/eritrea/gdp/},
publisher = {HistorySaid},
year = {2026}
}