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Eritrea — GDP growth
GDP Growth (Annual %) for Eritrea, 1993–2011.
Latest value · 2011
8.68%
GDP Growth (Annual %) · annual % · -35.5% since 1993
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%.
Key figures
Latest (2011)
8.68%
First (1993)
13.45%
Change
-35.5%
Highest
21.22%
in 1994
Lowest
-9.78%
in 2008
Average
3.78%
Annual growth (CAGR)
-2.41%
Years of data
19
Recent years
| Year | annual % |
|---|---|
| 2011 | 8.68% |
| 2010 | 2.19% |
| 2009 | 3.88% |
| 2008 | -9.78% |
| 2007 | 1.43% |
| 2006 | -0.97% |
| 2005 | 2.57% |
| 2004 | 1.45% |
| 2003 | -2.66% |
| 2002 | 3.01% |
| 2001 | 8.76% |
| 2000 | -3.14% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.