Eritrea: Merchandise trade (% of GDP)
In , Eritrea's Merchandise trade (% of GDP) was 30.90.
That's up 6.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Eritrea ranks #173 globally out of 197 reporting countries. Within Sub-Saharan Africa, it ranks #39 of 48.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 70.10
- Trough
- 28.97
- 1-year change
- +6.7%
- 5-year change
- -26.5%
- -6.0% / yr
- 10-year change
- -55.3%
- -7.7% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 30.8977 | |
| 28.9703 | |
| 37.0317 | |
| 30.9769 | |
| 36.1992 | |
| 42.0252 | |
| 70.1039 | |
| 55.9573 | |
| 53.1747 | |
| 44.8980 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Eritrea's Merchandise trade (% of GDP) in 2024?
- In 2024, Eritrea's Merchandise trade (% of GDP) was 30.90, according to World Bank Open Data.
- Is Eritrea's Merchandise trade (% of GDP) rising or falling?
- Eritrea's Merchandise trade (% of GDP) rose 6.7% from 2023 to 2024.
- How does Eritrea rank globally on Merchandise trade (% of GDP)?
- In 2024, Eritrea ranked #173 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Eritrea's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Eritrea is below the world average. Within Sub-Saharan Africa, it ranks #39 of 48.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.