
Eritrea: GDP, current U.S. dollars
* indicates monthly or quarterly data series
Eritrea |
Gross Domestic Product, billions of U.S. dollars |
---|---|
Latest value | 2.07 |
Year | 2011 |
Measure | billion U.S. dollars |
Data availability | 1992 - 2011 |
Average | 0.98 |
Min - Max | 0.47 - 2.07 |
Source | The World Bank |
The latest value from 2011 is 2.07 billion U.S. dollars, an increase from 1.59 billion U.S. dollars in 2010. In comparison, the world average is 378.57 billion U.S. dollars, based on data from 194 countries. Historically, the average for Eritrea from 1992 to 2011 is 0.98 billion U.S. dollars. The minimum value, 0.47 billion U.S. dollars, was reached in 1993 while the maximum of 2.07 billion U.S. dollars was recorded in 2011.
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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 current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year 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 | 643.79 | 2011 | U.S. dollars |
GDP per capita, constant dollars | 702.40 | 2011 | U.S. dollars |