GDP growth — all countries

GDP growth — Eritrea

GDP growth in Eritrea in 2011 — 8.68%. Ranked 18 in the world out of 210. Since 1993, the indicator has fallen by 4.77 pp.

2011 8.68% +6.49 pp vs 2010
World rank 18of 210
Period maximum 21.22%1994
Period minimum -9.78%2008

Trend over time

1993–2011 · % per year

GDP growth — Eritrea, 1993–2011-10010203019931995199719992001200320052007200920111993: 13.45%1994: 21.22%1995: 2.86%1996: 9.26%1997: 7.91%1998: 1.77%1999: 0.01%2000: -3.14%2001: 8.76%2002: 3.01%2003: -2.66%2004: 1.45%2005: 2.57%2006: -0.97%2007: 1.43%2008: -9.78%2009: 3.88%2010: 2.19%2011: 8.68%
Change over the period: −4.77 pp Annual average: -0.27 pp

Comparison, 2011

How the value compares with the world and the groups this territory belongs to: Eritrea

Eritrea 8.68%
World 3.31%
Eastern Africa computed 6.67%
Low-income countries computed 1.98%
GDP growth — Eritrea, by year Eritrea All countries CSV XLSX
Year % Change, pp
2011 8.68 +6.49 pp
2010 2.19 −1.68 pp
2009 3.88 +13.66 pp
2008 -9.78 −11.21 pp
2007 1.43 +2.4 pp
2006 -0.97 −3.54 pp
2005 2.57 +1.12 pp
2004 1.45 +4.11 pp
2003 -2.66 −5.66 pp
2002 3.01 −5.75 pp
2001 8.76 +11.9 pp
2000 -3.14 −3.16 pp
1999 0.01 −1.76 pp
1998 1.77 −6.14 pp
1997 7.91 −1.35 pp
1996 9.26 +6.4 pp
1995 2.86 −18.36 pp
1994 21.22 +7.77 pp
1993 13.45

About the indicator

The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.

Source: World Development Indicators (World Bank), license CC BY 4.0.