What was Eritrea's GDP (current US$) in 2011?

In 2011, Eritrea's GDP (current US$) was $2.07 billion, according to World Bank Open Data.

Is Eritrea's GDP (current US$) rising or falling?

Eritrea's GDP (current US$) rose 29.9% from 2010 to 2011.

How does Eritrea's GDP (current US$) compare to the world average?

The global average for GDP (current US$) in 2011 was $572.20 billion, so Eritrea is below the world average.

Eritrea: GDP (current US$)

Name: Eritrea: GDP (current US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2011, Eritrea's GDP (current US$) was $2.07 billion.

That's up 29.9% from 2010, the highest value on record.

The global average for this indicator in 2011 was $572.20 billion .

Source: World Bank Open Data (NY.GDP.MKTP.CD) • Data as of 2011

Trend (2005–2011)

2008 · Global financial crisis

Highlights

Peak: $2.07B; 2011
Trough: $1.10B; 2005
1-year change: +29.9%
5-year change: +70.5%; +11.3% / yr

Historical Data — Last 10 Years

Year	GDP (current US$)
2011	2.065B
2010	1.590B
2009	1.857B
2008	1.380B
2007	1.318B
2006	1.211B
2005	1.098B

About GDP (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.CD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Eritrea's GDP (current US$) in 2011?: In 2011, Eritrea's GDP (current US$) was $2.07 billion, according to World Bank Open Data.
Is Eritrea's GDP (current US$) rising or falling?: Eritrea's GDP (current US$) rose 29.9% from 2010 to 2011.
How does Eritrea's GDP (current US$) compare to the world average?: The global average for GDP (current US$) in 2011 was $572.20 billion, so Eritrea is below the world average.
What is GDP (current US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.CD), CC BY 4.0.