Eritrea - Economic Forecasts - 2018-2020 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 15.00
15.65 16.34 17.05 17.79 21.1
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 3.40
percent
3.4 3.4 3.4 3.4 3.35
GDP 3.86
USD Billion
4.05 4.12 4.2 5.3 5.5
GDP per capita 514.20
USD
510 543 534 531 521
GDP per capita PPP 1411.16
USD
1371 1397 1423 1529 1534
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.27
percent
7.25 7.27 7.3 7.32 6.5
Population 5.23
Million
5.74 5.31 4.87 4.82 4.43
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 9.00
percent
12.95 13.72 10.41 15.2 10.8
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -380.00
CAF Million
-266 -220 -200 -170 -100
Exports 486.00
USD Million
543 530 700 516 800
Imports 866.00
CAF Million
809 750 900 686 900
Current Account -143.00
USD Million
-123 -86.61 -50.51 -55.97 -47.34
Current Account to GDP -0.10
percent
0.3 0.3 0.3 0.7 1
Terrorism Index 0.00
0 0 0 0 1.24
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 20.10
percent
25 25 25 23 20
Government Budget -13.80
percent of GDP
-13.8 -13.8 -13.8 -13.8 -13.8
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 1746.79
KBps
1601 1624 1642 1644 1635
IP Addresses 235.00
IP
207 188 206 198 191
Ease of Doing Business 189.00
187 187 186 185 179
Corruption Index 20.00
Points
21 21 22 23 27
Corruption Rank 165.00
165 165 165 165 165
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Sales Tax Rate 5.00
percent
5 5 5 5 4
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 34.58
mm
15.33 66.16 8.61 5.81 24.51
Temperature 23.70
celsius
28.89 28.83 25.39 24.38 27.46