Eritrea's economy is estimated to have grown by 2.9% in 2024, according to the AFDB. GDP Annual Growth Rate in Eritrea averaged 4.66 percent from 1991 until 2024, reaching an all time high of 21.25 percent in 2001 and a record low of -13.12 percent in 2000. source: AFDB

GDP Annual Growth Rate in Eritrea is expected to reach 2.80 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Eritrea GDP Annual Growth Rate is projected to trend around 3.00 percent in 2026 and 2.70 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
GDP Annual Growth Rate 2.90 2.80 percent Dec 2024



Eritrea GDP Annual Growth Rate
Eritrea is one of the poorest countries in the world where 80 percent of population rely on subsistence agriculture. Eritrea's economy is dependent on foreign aid (over 50 percent of population receive food aid) and remittances (accounts for 32 percent of GDP). Lack of basic infrastructure, unemployment, illiteracy and insecurity are Eritrea's main obstacles to growth. However, in recent years, the growth outlook has improved as Eritrea's extraction industries and port facilities have been able to attract foreign direct investment.
Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.80 21.25 -13.12 1991 - 2024 percent Yearly