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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 15.00
15.2 15.4 15.6 15.8 16.64
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.40
percent
3.95 3.9 3.87 3.85 3.35
GDP 3.86
USD Billion
4.12 4.2 5.3 5.3 5.5
GDP per capita 514.20
USD
544 544 558 558 587
GDP per capita PPP 1411.16
USD
1485 1485 1529 1529 1534
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.40
percent
6.2 6.2 6.2 6.2 6
Population 5.23
Million
5.31 4.87 4.82 4.77 4.43
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 9.00
percent
13.72 10.41 15.2 15.9 10.8
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -702.00
USD Million
-646 -200 -651 -653 -100
Exports 335.00
USD Million
389 700 383 374 800
Imports 1037.00
USD Million
1035 900 1034 1026 900
Current Account 617.00
USD Million
311 369 216 63.25 -313
Current Account to GDP 0.70
percent
0.3 0.3 0.7 0.7 1
Terrorism Index 0.00
0 0 0 0 1.24
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 20.10
percent
25 25 23 23 20
Government Budget -13.80
percent of GDP
-14.6 -14.65 -14.68 -14.71 -15.64
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 1746.79
KBps
1624 1642 1644 1639 1635
IP Addresses 235.00
IP
210 179 208 176 181
Ease of Doing Business 189.00
190 190 190 190 190
Corruption Index 20.00
Points
20 20 20 20 20
Corruption Rank 165.00
164 163 163 164 164
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 5.00
percent
5 5 5 5 5
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 34.58
mm
66.16 8.61 5.81 21.5 24.51
Temperature 23.70
celsius
28.83 25.39 24.38 27.75 27.46