Eritrea: GDP, constant dollars

* indicates monthly or quarterly data series

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
For that indicator, we provide data for Eritrea from 1992 to 2011. The average value for Eritrea during that period was 1.9 billion U.S. dollars with a minimum of 1.2 billion U.S. dollars in 1992 and a maximum of 2.3 billion U.S. dollars in 2011. The latest value from 2011 is 2.3 billion U.S. dollars. For comparison, the world average in 2011 based on 189 countries is 349.9 billion U.S. dollars. 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 values chart
Eritrea - GDP, constant dollars - recent values

Historical chart
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.

 Related indicators Latest value 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 643.79 2011 U.S. dollars
 GDP per capita, constant dollars 702.40 2011 U.S. dollars
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