Eritrea | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 15.52 15.14 14.98 14.83 14.68 13 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 0.30 2.3 3.4 2.33 2.3 3.35 percent [+]
GDP 3.86 4.09 4.16 4.23 4.3 5.33 USD Billion [+]
GDP per capita 514.20 509 518 521 523 560 USD [+]
GDP per capita PPP 1411.16 1397 1423 1430 1436 1529 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 14.50 14.5 14.5 14.5 14.5 6.5 percent [+]
Population 6.54 6.68 6.73 6.78 6.83 7.61 Million [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 8.90 12.2 11.01 14.14 14.06 10.8 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -833.00 -829 -843 -842 -840 -787 CAF Million [+]
Exports 72.00 73.66 76.57 75.35 74.13 80.4 USD Million [+]
Imports 905.00 933 965 974 983 1043 CAF Million [+]
Current Account -143.00 -86.61 -50.51 -55.97 -61.44 -76.54 USD Million [+]
Current Account to GDP -0.10 0.5 0.5 0.3 0.3 1 percent [+]
Gold Reserves 1.20 1.2 1.2 1.2 1.2 1.2 Tonnes [+]
Terrorism Index 0.53 0.19 0.29 0.24 0.19 0.9 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 23.90 27 27 25 25 20 percent [+]
Government Budget -12.80 -13.55 -13.36 -13.35 -13.34 -13.33 percent of GDP [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Ease of Doing Business 189.00 189 189 188 187 181 [+]
Corruption Index 18.00 18 18 18 18 18 Points [+]
Corruption Rank 164.00 164 167 167 166 165 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Sales Tax Rate 4.00 4 4 4 4 4 percent [+]