Eritrea: Trade (% of GDP)
In , Eritrea's Trade (% of GDP) was 47.39.
That's up 26.5% from 2010, the highest value since .
The global average for this indicator in 2011 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2011
Trend (2005–2011)
- 2008 · Global financial crisis
Highlights
- Peak
- 61.11
- Trough
- 27.97
- 1-year change
- +26.5%
- 5-year change
- +4.7%
- +0.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 47.3938 | |
| 37.4715 | |
| 27.9721 | |
| 30.5610 | |
| 34.5596 | |
| 45.2608 | |
| 61.1060 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Eritrea's Trade (% of GDP) in 2011?
- In 2011, Eritrea's Trade (% of GDP) was 47.39, according to World Bank Open Data.
- Is Eritrea's Trade (% of GDP) rising or falling?
- Eritrea's Trade (% of GDP) rose 26.5% from 2010 to 2011.
- How does Eritrea's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2011 was 92.19, so Eritrea is below the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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 (NE.TRD.GNFS.ZS), CC BY 4.0.