GDP; PPP (US dollar) in Eritrea

The GDP; PPP (US dollar) in Eritrea was last reported at 2868080351.09 in 2010, according to a World Bank report released in 2011. The GDP; PPP (US dollar) in Eritrea was 2783696938.28 in 2009, according to a World Bank report, published in 2010. The GDP; PPP (US dollar) in Eritrea was reported at 2631830718.43 in 2008, according to the World Bank. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.This page includes a historical data chart, news and forecats for GDP; PPP (US dollar) in Eritrea. Eritrea is a small and poor economy in the Horn of Africa. Its output is based on subsistence agriculture, with 80% of the population involved in farming and herding. The economy is dependent on worker remittances from abroad which constitute more than 30% of GDP.

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