Eritrea PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Eritrea's ppp conversion factor was 4.94 in 2021, ranked 100th globally. This represents a 1.5% decrease from 2020. Data from World Bank, covering 1992–2021.
Overview
Eritrea's ppp conversion factor stood at 4.94 in 2021, a decline of +0.08 from 2020. Eritrea ranked 100th globally.
Eritrea’s purchasing power parity (PPP) conversion factor rose from a low of 1.02 in 1993, the all‑time trough, to a peak of 6.38 in 2012, before settling at 4.94 in 2021, placing the country at rank 100 globally. The 30‑year span shows a more than four‑fold increase, reflecting gradual price‑level convergence with international markets despite limited data coverage. Compared with peers of similar ranking, Eritrea’s 2021 factor is slightly below Macao SAR, China (4.90) and Greenland (5.27) but above Botswana (4.82) and Suriname (5.37), suggesting a modestly higher cost of living relative to those economies. The post‑peak decline after 2012 indicates that the rapid appreciation of the conversion factor has moderated, likely due to slower inflation differentials and structural constraints in the domestic economy. Continued reforms in trade liberalisation and fiscal policy could reinforce the downward pressure on the PPP conversion factor, potentially narrowing the gap with higher‑ranked peers in the coming years.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2021 | 4.94 | −0.08 | #100 |
| 2020 | 5.01 | +0.32 | #100 |
| 2019 | 4.69 | −0.27 | #99 |
| 2018 | 4.96 | −0.43 | #101 |
| 2017 | 5.39 | −0.35 | #104 |
| 2016 | 5.74 | −0.03 | #109 |
| 2015 | 5.77 | −0.26 | #110 |
| 2014 | 6.03 | −0.03 | #114 |
| 2013 | 6.06 | −0.31 | #114 |
| 2012 | 6.38 | +0.30 | #115 |
| 2011 | 6.08 | +0.89 | #115 |
| 2010 | 5.19 | −1.08 | #113 |
| 2009 | 6.27 | +1.40 | #114 |
| 2008 | 4.87 | +0.59 | #111 |
| 2007 | 4.28 | +0.18 | #108 |
Detected Pattern
Analysis
Eritrea matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's ppp conversion factor was 4.94 in 2021. Ranked 100th globally. This represents a 1.5% decrease from the previous year.
Eritrea's ppp conversion factor peaked at 6.38 in 2012.
The lowest ppp conversion factor in Eritrea was 1.02 in 1993.
Eritrea ranks 100th globally in ppp conversion factor as of 2021.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
The ppp conversion factor of Eritrea in 2021 was 4.94. This ranks 100th in the world.
Cite this page
@misc{historysaid_eritrea_ppp-conversion-factor,
title = {Eritrea PPP Conversion Factor},
url = {https://historysaid.com/eritrea/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}