Eritrea: GDP, constant dollars

* indicates monthly or quarterly data series
 Eritrea

Gross Domestic Product, billions of 2010 U.S. dollars

 Latest value 2.3
 Year 2011
 Measure billion U.S. dollars
 Data availability 1992 - 2011
 Average 1.9
 Min - Max 1.2 - 2.3
 Source The World Bank
The latest value from 2011 is 2.3 billion U.S. dollars, an increase from 2.1 billion U.S. dollars in 2010. In comparison, the world average is 348.3 billion U.S. dollars, based on data from 190 countries. Historically, the average for Eritrea from 1992 to 2011 is 1.9 billion U.S. dollars. The minimum value, 1.2 billion U.S. dollars, was reached in 1992 while the maximum of 2.3 billion U.S. dollars was recorded in 2011. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Eritrea - GDP, constant dollars - Recent values chart

Historical series
Eritrea - GDP, constant dollars - historical chart - 1992-2011




The GDP of Eritrea and other countries is a measure of the size of the economy. It is the total market value of all goods and services produced on the territory of a country during a period of time, for example, during one year. We show GDP in constant dollars. In other words, we present the production levels of different years but evaluated using the prices of only one year. The objective is to compare the level of production across years, holding constant any price changes.
Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2015 prices, expressed in U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2015 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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 Related indicators Latest Reference Measure
 Economic growth 8.68 2011 percent
 GDP, constant dollars 2.3 2011 billion U.S. dollars
 GDP, current U.S. dollars 2.07 2011 billion U.S. dollars
 GDP per capita, current dollars 688.68 2011 U.S. dollars
 GDP per capita, constant dollars 702.40 2011 U.S. dollars
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