Eritrea — GDP growth
GDP Growth (Annual %) for Eritrea, 1993–2011.
GDP growth for Eritrea was 8.68% in 2011, according to the latest World Bank data. The series covers 19 years, from 1993 to 2011. The highest recorded value was 21.22% in 1994. The lowest was -9.78% in 2008 (about -1.1× the latest value). Across that span the compound annual growth rate works out to -2.41% per year.
Eritrea ranks 8 of 212 economies on this measure (1 = highest), putting it in the top 4%. The median for Sub-Saharan Africa is 4.61%, so Eritrea sits above it. It peaked in 1994 and has fallen 59% since. Over the last decade (2001–2011) the figure moved down 1%. Within Sub-Saharan Africa it ranks 3 of 47 economies; Zimbabwe (8.11%) is just below it. Its sharpest one-year move was down 23408% in 2000. That is 415% above this series' own ten-year average.
Data highlights
World ranking. Slipped: 6th of 195 in 1993 → 194th of 199 in 2000 → 143rd of 209 in 2010 → 18th of 209 in 2011.
Key figures
Full history — 1993 to 2011
| Year | annual % | Change |
|---|---|---|
| 2011 | 8.68% | +6.5 pp |
| 2010 | 2.19% | -1.7 pp |
| 2009 | 3.88% | +13.7 pp |
| 2008 | -9.78% | -11.2 pp |
| 2007 | 1.43% | +2.4 pp |
| 2006 | -0.97% | -3.5 pp |
| 2005 | 2.57% | +1.1 pp |
| 2004 | 1.45% | +4.1 pp |
| 2003 | -2.66% | -5.7 pp |
| 2002 | 3.01% | -5.8 pp |
| 2001 | 8.76% | +11.9 pp |
| 2000 | -3.14% | -3.2 pp |
| 1999 | 0.01% | -1.8 pp |
| 1998 | 1.77% | -6.1 pp |
| 1997 | 7.91% | -1.4 pp |
| 1996 | 9.26% | +6.4 pp |
| 1995 | 2.86% | -18.4 pp |
| 1994 | 21.22% | +7.8 pp |
| 1993 | 13.45% | — |
Frequently asked questions
What was Eritrea’s GDP growth in 1994?
21.22% (1994). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Eritrea’s GDP growth growing or shrinking?
Between 1993 and 2011 the series was shrinking overall: -35.5% in total — about 2.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2011: 8.68%; 2010: 2.19%; 2009: 3.88%; 2008: -9.78%; 2007: 1.43%. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.