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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 15.30
15.56 16.13 16.73 17.35 20.06
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 3.80
percent
4.97 4.95 4.92 4.9 3.35
GDP 3.86
USD Billion
3.9 4 4.1 4.2 5.8
GDP per capita 514.20
USD
497 510 522 534 521
GDP per capita PPP 1411.16
USD
1372 1406 1441 1475 1475
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.27
percent
7.22 7.25 7.27 7.3 6.5
Population 5.23
Million
6.02 5.54 5.06 4.58 2.6
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 8.90
percent
14.82 14.05 13.27 10.41 10.8
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -380.00
CAF Million
-347 -355 -362 -370 -403
Exports 486.00
USD Million
444 363 282 201 -47.28
Imports 866.00
CAF Million
868 809 750 692 489
Current Account -143.00
USD Million
-95.81 -99.24 -103 -106 42.9
Current Account to GDP -0.10
percent
0.3 0.3 -1.34 0.3 1
Terrorism Index 0.00
0 0 0 0 1.45
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 23.90
percent
25 25 24.55 25 20
Government Budget -13.90
percent of GDP
-16.06 -15.66 -15.25 -14.84 -16.55
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 1746.79
KBps
1502 1481 1469 1443 1182
IP Addresses 235.00
IP
171 207 188 206 191
Ease of Doing Business 189.00
188 187 187 186 179
Corruption Index 18.00
Points
18 18 19 19 25
Corruption Rank 164.00
155 158 161 165 146
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 5.00
percent
5 5 5 5 4
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 34.58
mm
5.8 15.33 66.16 8.61 24.51
Temperature 23.70
celsius
24.34 28.89 28.83 25.39 27.46