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Eritrea: GDP growth (annual %)

In , Eritrea's GDP growth (annual %) was 8.68.

That's up 295.6% from 2010, the highest value on record.

The global average for this indicator in 2011 was 3.07 .

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

Trend (2005–2011)

Eritrea GDP growth (annual %) trend 2008: Global financial crisis
  • 2008 · Global financial crisis

Highlights

Peak
8.68
Trough
-9.78
1-year change
+295.6%
5-year change
+995.5%

Historical Data — Last 10 Years

Year GDP growth (annual %)
8.6798
2.1942
3.8765
-9.7830
1.4268
-0.9692
2.5745

About GDP growth (annual %)

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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Indicator code: NY.GDP.MKTP.KD.ZG • 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 growth (annual %) in 2011?
In 2011, Eritrea's GDP growth (annual %) was 8.68, according to World Bank Open Data.
Is Eritrea's GDP growth (annual %) rising or falling?
Eritrea's GDP growth (annual %) rose 295.6% from 2010 to 2011.
How does Eritrea's GDP growth (annual %) compare to the world average?
The global average for GDP growth (annual %) in 2011 was 3.07, so Eritrea is above the world average.
What is GDP growth (annual %) 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG), CC BY 4.0.