Eritrea GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Eritrea expanded 1.10 percent in 2013 from the previous year. GDP Annual Growth Rate in Eritrea averaged 4.83 Percent from 1991 until 2013, reaching an all time high of 21.25 Percent in 2001 and a record low of -13.12 Percent in 2000.
||1991 - 2013
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. This page provides - Eritrea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.