Eritrea—Real GDP Growth (%)
Latest Value
3.8%
2019
YoY Change
-70.8%
2018 → 2019
Maximum
30.9%
2014
Minimum
-20.6%
2015
Last
3.8%
Previous
13.0%
Highest
30.9%
Lowest
-20.6%
Unit
Percent change
Source
IMF World Economic Outlook
Eritrea's gdp growth rate was 3.8% in 2019. This represents a -70.8% change from 2018. Over the past 20 years, the highest recorded value was 30.9% (2014) and the lowest was -20.6% (2015). Data sourced from the IMF World Economic Outlook.
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 3.8% | -70.8% |
| 2018 | 13.0% | +230.0% |
| 2017 | -10.0% | -235.1% |
| 2016 | 7.4% | +135.9% |
| 2015 | -20.6% | -166.7% |
| 2014 | 30.9% | +394.3% |
| 2013 | -10.5% | -652.6% |
| 2012 | 1.9% | -92.6% |
| 2011 | 25.7% | +135.8% |
| 2010 | 10.9% | -10.7% |
| 2009 | 12.2% | +162.9% |
| 2008 | -19.4% | -1485.7% |
| 2007 | 1.4% | +240.0% |
| 2006 | -1.0% | -138.5% |
| 2005 | 2.6% | +73.3% |
| 2004 | 1.5% | +155.6% |
| 2003 | -2.7% | -190.0% |
| 2002 | 3.0% | -65.9% |
| 2001 | 8.8% | +171.0% |
| 2000 | -12.4% |
Top Countries — Real GDP Growth (%)
About This Indicator
Definition
Real GDP growth is the annual percentage change in GDP after adjusting for inflation. It measures the actual increase in economic output and is the primary indicator of economic expansion or contraction.
Methodology
Calculated as the percentage change in real GDP (GDP at constant prices) from one year to the next. Real GDP removes the effect of price changes by using a base year's prices (or chain-linked volumes). The IMF calculates this from national accounts data submitted by member countries.
Unit
Percent change