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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 15.00
15.2 15.41 15.62 15.83 16.7
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 3.40
percent
3.9 3.87 3.85 3.82 3.35
GDP 3.86
USD Billion
4.2 5.3 5.3 4.35 5.5
GDP per capita 514.20
USD
544 558 558 558 587
GDP per capita PPP 1411.16
USD
1485 1529 1529 1529 1534
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.40
percent
6.2 6.2 6.2 6.2 6
Population 5.23
Million
4.87 4.82 4.77 4.72 4.43
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 9.00
percent
10.41 15.2 15.9 16.6 10.8
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -702.00
USD Million
-200 -651 -653 -655 -100
Exports 335.00
USD Million
700 383 374 364 800
Imports 1037.00
USD Million
900 1034 1026 1019 900
Current Account 617.00
USD Million
369 216 63.25 -89.41 -313
Current Account to GDP 0.70
percent
0.3 0.7 0.7 0.7 1
Terrorism Index 0.00
0 0 0 0 0
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 20.10
percent
25 23 23 23 20
Government Budget -13.80
percent of GDP
-13.8 -12.4 -12.4 -12.4 -13.8
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 1746.79
KBps
1642 1644 1639 1635 1635
IP Addresses 235.00
IP
179 208 176 210 181
Ease of Doing Business 189.00
190 189 189 188 188
Corruption Index 20.00
Points
20 20 20 20 20
Corruption Rank 165.00
165 165 165 165 165
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 5.00
percent
5 5 5 5 5
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 34.58
mm
8.61 5.81 21.5 21.5 24.51
Temperature 23.70
celsius
25.39 24.38 27.75 27.18 27.46



Eritrea - Economic Forecasts - 2018-2020 Outlook