Economic Trivia

Nearly 80% of Eritrea's population works in subsistence farming.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Food Processing; Beverages; Clothing and Textiles; Light Manufacturing

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $7,813,576,690 (2014)
GDP Growth Rate (annual %) 1.703% (2014)
GDP Per Capita, PPP (current international) $1,529 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 163/197 (2014)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) Data unavailable
External debt stocks, total (DOD, current US$) $744,742,728 (2021)
Total tax rate (% of commercial profits) 83.7% (2019)
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 5.493% (2009)
Current Account Balance (BoP, current US$) ($104,657,012) (2000)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,738,165 (2022)
Employment in Agriculture (% of total employment) 62.42% (2021)
Employment in Industry (% of total employment) 8.623% (2021)
Employment in Services (% of total employment) 28.957% (2021)
Unemployment Rate 6.618% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $701,541,184 (2012)
Exports of goods and services (current US$) $603,937,953 (2012)
Total Merchandise Trade (% of GDP) 71.088% (2022)
FDI, net inflows (BoP, current US$) ($32,045,670) (2022)
Commercial Service Exports (current US$) $54,117,988 (2000)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Eritrea’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank