Key data points
Last release
—
Observation period
2024
Next release
—
Forecast
—
Highest
21.25 % on Dec 31, 2001
Lowest
−13.12 % on Dec 31, 2000
About Eritrea GDP YoY
Eritrea is one of the poorest countries in the world where 80 percent of population rely on subsistence agriculture. Eritrea's economy is dependent on foreign aid (over 50 percent of population receive food aid) and remittances (accounts for 32 percent of GDP). Lack of basic infrastructure, unemployment, illiteracy and insecurity are Eritrea's main obstacles to growth. However, in recent years, the growth outlook has improved as Eritrea's extraction industries and port facilities have been able to attract foreign direct investment.