Eritrea | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Eritrea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Eritrea economy.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 15.28 15.44 15.6 16.05 15.9 18.35 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 0.30 3.1 2.3 3.4 2.33 3.35 percent [+]
GDP 3.86 4.76 4.09 4.16 4.23 5.33 USD Billion [+]
GDP per capita 480.38 467 476 485 487 521 USD [+]
GDP per capita PPP 1411.16 1371 1397 1423 1430 1529 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 14.50 7 14.5 14.5 14.5 6.5 percent [+]
Population 6.54 6.62 6.68 6.73 6.78 7.61 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 12.50 12.5 12.2 11.01 14.14 10.8 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -833.00 -815 -829 -843 -842 -787 CAF Million [+]
Exports 72.00 70.74 73.66 76.57 75.35 80.4 USD Million [+]
Imports 905.00 902 933 965 974 1043 CAF Million [+]
Current Account -143.00 66.81 -86.61 -50.51 -55.97 -76.54 USD Million [+]
Current Account to GDP -1.20 -0.44 -0.76 -1.08 -1.09 -1.09 percent [+]
Gold Reserves 1.20 1.2 1.2 1.2 1.2 1.2 Tonnes [+]
Terrorism Index 0.53 0.24 0.03 -0.17 -0.23 0.6 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 23.90 27.66 25.7 23.75 23.76 23.79 percent [+]
Government Budget -12.80 -13.74 -13.55 -13.36 -13.35 -13.33 percent of GDP [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 189.00 189 189 189 188 181 [+]
Corruption Index 18.00 18 18 18 18 18 Points [+]
Corruption Rank 164.00 160 164 167 167 165 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 4.00 4 4 4 4 4 percent [+]