GDP (Gross Domestic Product): Eritrea

Analysis# Eritrea GDP (Gross Domestic Product) Eritrea's GDP stood at 1.982 USD billion in 2019, representing substantial growth from its 1992 baseline of 0.374 USD billion—a 227.1% increase over 27 years. The economy peaked at 2.604 USD billion in 2014 before entering a period of contraction and volatility. The 2019 figure remains nearly 24% below the 2014 peak, indicating a downward trajectory in recent years. The period from 2010 to 2014 marked significant expansion, with GDP nearly doubling from 1.59 to 2.604 USD billion. Since 2014, however, Eritrea's economy has faced persistent headwinds, fluctuating between 1.9 and 2.2 USD billion without sustaining recovery. The recent data suggests stagnation rather than growth, with 2019 recording only marginal changes from 2018.