Eritrea: Economic growth forecast

The latest value from 2019 is 3.84 percent, a decline from 13.03 percent in 2018. In comparison, the world average is 2.71 percent, based on data from 191 countries. Historically, the average for Eritrea from 1993 to 2019 is 3.77 percent. The minimum value, -20.62 percent, was reached in 2015 while the maximum of 30.93 percent was recorded in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Year-on-year percent changes in constant price GDP. The base year is country-specific. Expenditure-based GDP is the total final expenditure at purchasers prices including the f.o.b. value of exports of goods and services, less the f.o.b. value of imports of goods and services. The series includes actual historical values for past years and forecast values for the current and the next few years.