Employment Rate in Philippines decreased to 94.69 percent in the first quarter of 2020 from 95.46 percent in the fourth quarter of 2019. Employment Rate in Philippines averaged 91.44 percent from 1991 until 2020, reaching an all time high of 95.46 percent in the fourth quarter of 2019 and a record low of 85.60 percent in the second quarter of 1991. In Philippines, the employment rate measures the number of people who have a job as a percentage of the labour force. This page provides - Philippines Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Total Vehicle Sales in Philippines increased to 8093 in February from 6543 in January of 2020. Total Vehicle Sales in Philippines averaged 5561.41 from 2002 until 2020, reaching an all time high of 14182 in December of 2017 and a record low of 993 in May of 2003. This page provides - Philippines Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines recorded a capital and financial account surplus of 6.56 USD Million in December of 2019. Capital Flows in Philippines averaged 7.49 USD Million from 2005 until 2019, reaching an all time high of 93.66 USD Million in January of 2006 and a record low of -35.31 USD Million in June of 2007. This page provides - Philippines Capital Flows- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cash Reserve Ratio in Philippines decreased to 12 percent in March from 14 percent in February of 2020. Cash Reserve Ratio in Philippines averaged 19.18 percent from 1986 until 2020, reaching an all time high of 25 percent in December of 1990 and a record low of 12 percent in July of 1999. Cash Reserve Ratio is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. This page provides - Philippines Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Manufacturing in Philippines decreased to 122.31 points in the fourth quarter of 2019 from 123.66 points in the third quarter of 2019. Wages in Manufacturing in Philippines averaged 79.06 points from 1995 until 2019, reaching an all time high of 123.66 points in the third quarter of 2019 and a record low of 48.63 points in the first quarter of 1995. This page provides - Philippines Wages in Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

External Debt in Philippines increased to 83617.93 USD Million in 2019 from 78959.57 USD Million in 2018. External Debt in Philippines averaged 50828.33 USD Million from 1981 until 2019, reaching an all time high of 83617.93 USD Million in 2019 and a record low of 20893 USD Million in 1981. In Philippines, external debt is a part of the total debt that is owed to creditors outside the country. This page provides - Philippines External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans To Banks in Philippines increased to 297065.82 PHP Million in February from 287388.24 PHP Million in January of 2020. Loans To Banks in Philippines averaged 224668.56 PHP Million from 2014 until 2020, reaching an all time high of 320071.10 PHP Million in January of 2018 and a record low of 132599 PHP Million in May of 2015. This page provides - Philippines Loans To Banks- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans To Private Sector in Philippines increased to 7947957.96 PHP Million in February from 7920155.12 PHP Million in January of 2020. Loans To Private Sector in Philippines averaged 5676570.75 PHP Million from 2014 until 2020, reaching an all time high of 8075568.45 PHP Million in December of 2019 and a record low of 3584899 PHP Million in June of 2014. This page provides - Philippines Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Philippines decreased to 2326 PHP Billion in February from 2622.20 PHP Billion in January of 2020. Banks Balance Sheet in Philippines averaged 923.65 PHP Billion from 1999 until 2020, reaching an all time high of 2622.20 PHP Billion in January of 2020 and a record low of 459.52 PHP Billion in September of 1999. This page provides the latest reported value for - Philippines Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Minimum Wages in Philippines remained unchanged at 537 PHP/day in 2019 from 537 PHP/day in 2018. Minimum Wages in Philippines averaged 314.13 PHP/day from 1989 until 2019, reaching an all time high of 537 PHP/day in 2018 and a record low of 89 PHP/day in 1989. Minimum Wages in Philippines refer to daily minimum wages in non-agriculture sector in the National Capital Region. This page provides - Philippines Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Philippines increased to 11878 PHP/SQ. METRE in the fourth quarter of 2019 from 10130 PHP/SQ. METRE in the third quarter of 2019. Housing Index in Philippines averaged 8351.46 PHP/SQ. METRE from 2002 until 2019, reaching an all time high of 12682 PHP/SQ. METRE in the first quarter of 2018 and a record low of 4889 PHP/SQ. METRE in the fourth quarter of 2002. In Philippines, Housing Index shows the average cost per square meter to construct a new house, including building, electrical, mechanical, plumbing and others. This page provides - Philippines Housing Sales - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Philippines decreased 5.40 percent in March of 2020 over the same month in the previous year. Producer Prices Change in Philippines averaged 2.55 percent from 1999 until 2020, reaching an all time high of 17.50 percent in January of 2001 and a record low of -10 percent in March of 2013. Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides the latest reported value for - Philippines Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Personal Savings in Philippines increased to 4965843.77 Million PHP in February from 4945889.93 Million PHP in January of 2020. Personal Savings in Philippines averaged 2346899.93 Million PHP from 2001 until 2020, reaching an all time high of 4965843.77 Million PHP in February of 2020 and a record low of 1124351.04 Million PHP in April of 2005. In Philippines, Personal Saving Rates correspond to the interest rate persons receive on their savings deposits during a certain period of time. This page provides - Philippines Personal Saving Rates - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Manufacturing Pmi in Philippines decreased to 31.60 points in April from 39.70 points in March of 2020. Manufacturing Pmi in Philippines averaged 52.51 points from 2016 until 2020, reaching an all time high of 57.50 points in September of 2016 and a record low of 31.60 points in April of 2020. The IHS Markit Philippines Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Philippines Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Philippines increased 2.80 percent in April of 2020 over the same month in the previous year. Core Inflation Rate in Philippines averaged 3.81 percent from 2001 until 2020, reaching an all time high of 7.25 percent in October of 2008 and a record low of 1.40 percent in September of 2015. In Philippines, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides the latest reported value for - Philippines Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Philippines decreased 0.10 percent in April of 2020 over the previous month. Inflation Rate Mom in Philippines averaged 0.64 percent from 1957 until 2020, reaching an all time high of 8.80 percent in July of 1984 and a record low of -4.50 percent in November of 1972. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides the latest reported value for - Philippines Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

CPI Housing Utilities in Philippines decreased to 114 points in April from 114.60 points in March of 2020. CPI Housing Utilities in Philippines averaged 105.75 points from 2012 until 2020, reaching an all time high of 114.70 points in January of 2020 and a record low of 97.90 points in January of 2012. This page provides - Philippines Cpi Housing & Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Philippines decreased to 100.70 points in April of 2020 from 104 points in March of 2020. CPI Transportation in Philippines averaged 100.05 points from 2012 until 2020, reaching an all time high of 108.80 points in November of 2018 and a record low of 91.90 points in February of 2016. This page provides - Philippines Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Philippines was recorded at 2.20 percent in April of 2020. Inflation Rate in Philippines averaged 8.27 percent from 1958 until 2020, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959. In Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight); housing, water, electricity, gas and other fuels (22 percent) and transport (8 percent). The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent). Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent. This page provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Philippines decreased 11.30 percent in March of 2020 over the same month in the previous year. Industrial Production in Philippines averaged 7.82 percent from 1986 until 2020, reaching an all time high of 68.60 percent in April of 1988 and a record low of -26.60 percent in January of 2009. In Philippines, Industrial Production is measured by the Value of Production Index (VaPI) of the manufacturing industry. This page provides - Philippines Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Philippines contracted 5.10 percent in the first quarter of 2020 over the previous quarter. GDP Growth Rate in Philippines averaged 1.19 percent from 1998 until 2020, reaching an all time high of 3.40 percent in the first quarter of 2010 and a record low of -5.10 percent in the first quarter of 2020. The Philippines has a status of emerging economy. In recent years, the country has been steadily growing mainly due to inflow of foreign direct investment and remittances. The Philippines is the world’s largest center for business process outsourcing. The country also has a strong industrial sector based on the manufacturing of electronics and other high-tech components for overseas corporations. The Philippines is rich in natural resources; it has significant reserves of chromite, nickel, copper, coal and oil. This page provides - Philippines GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Philippines contracted 0.20 percent in the first quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in Philippines averaged 3.84 percent from 1982 until 2020, reaching an all time high of 12.40 percent in the fourth quarter of 1988 and a record low of -11.10 percent in the first quarter of 1985. Services are the biggest sector of the Filipino economy and account for 57 percent of total GDP. Within services the most important segments are: trade, repair of motor vehicles and household goods (17 percent of total GDP); real estate, renting and business activities (11 percent); transport, storage and communication (8 percent); financial services (7 percent) and public administration, defense and social security (4 percent). Industry accounts for 31 percent of GDP. Within industry, manufacturing (22 percent of total GDP) and construction (5 percent) are the most important. Agriculture contributes the remaining 12 percent of GDP. This page provides - Philippines GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines recorded a government budget deficit of 37595 PHP Million in February of 2020. Government Budget Value in Philippines averaged -6589.06 PHP Million from 1959 until 2020, reaching an all time high of 86872 PHP Million in April of 2019 and a record low of -251103 PHP Million in December of 2019. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Philippines Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Capacity Utilization in Philippines decreased to 84.45 percent in March from 84.56 percent in February of 2020. Capacity Utilization in Philippines averaged 81.37 percent from 1999 until 2020, reaching an all time high of 84.56 percent in February of 2020 and a record low of 74.30 percent in July of 2002. This page provides - Philippines Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross National Product in Philippines increased to 5166622.67 PHP Million in the first quarter of 2020 from 2975936.04 PHP Million in the fourth quarter of 2019. Gross National Product in Philippines averaged 1742677.18 PHP Million from 1998 until 2020, reaching an all time high of 5166622.67 PHP Million in the first quarter of 2020 and a record low of 944320 PHP Million in the second quarter of 1998. This page provides - Philippines Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in Philippines decreased to 100.50 points in the first quarter of 2020 from 199.02 points in the fourth quarter of 2019. GDP Deflator in Philippines averaged 100.39 points from 1981 until 2020, reaching an all time high of 199.02 points in the fourth quarter of 2019 and a record low of 12.87 points in the first quarter of 1981. This page provides - Philippines GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Philippines increased to 4450941.41 PHP Million in the first quarter of 2020 from 2654444 PHP Million in the fourth quarter of 2019. GDP Constant Prices in Philippines averaged 1115431.36 PHP Million from 1981 until 2020, reaching an all time high of 4450941.41 PHP Million in the first quarter of 2020 and a record low of 487413.68 PHP Million in the third quarter of 1985. This page provides - Philippines GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Philippines increased to 877543.97 PHP Million in the first quarter of 2020 from 622014 PHP Million in the fourth quarter of 2019. GDP From Manufacturing in Philippines averaged 417554.20 PHP Million from 2008 until 2020, reaching an all time high of 877543.97 PHP Million in the first quarter of 2020 and a record low of 252377.26 PHP Million in the first quarter of 2009. This page provides the latest reported value for - Philippines Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Standard & Poor's credit rating for Philippines stands at BBB+ with stable outlook. Moody's credit rating for Philippines was last set at Baa2 with stable outlook. Fitch's credit rating for Philippines was last reported at BBB with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Philippines thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Philippines as reported by major credit rating agencies.

GDP From Public Administration in Philippines increased to 190728.67 PHP Million in the first quarter of 2020 from 125406 PHP Million in the fourth quarter of 2019. GDP From Public Administration in Philippines averaged 65375.67 PHP Million from 1998 until 2020, reaching an all time high of 190728.67 PHP Million in the first quarter of 2020 and a record low of 43289.41 PHP Million in the third quarter of 1999. This page provides - Philippines Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines recorded 10610 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines reported 696 Coronavirus Deaths. This page includes a chart with historical data for Philippines Coronavirus Cases.

Philippines recorded 704 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines reported 10610 Coronavirus Cases. This page includes a chart with historical data for Philippines Coronavirus Deaths.

Philippines recorded 1842 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines reported 704 Coronavirus Deaths. This page includes a chart with historical data for Philippines Coronavirus Recovered.

Internet Speed in Eritrea increased to 1746.79 KBps in the first quarter of 2017 from 1070.81 KBps in the fourth quarter of 2016. Internet Speed in Eritrea averaged 338.76 KBps from 2007 until 2017, reaching an all time high of 1746.79 KBps in the first quarter of 2017 and a record low of 44.31 KBps in the third quarter of 2009. This page includes a chart with historical data for EritreaInternet Speed.

IP Addresses in Eritrea increased to 235 IP in the first quarter of 2017 from 114 IP in the fourth quarter of 2016. IP Addresses in Eritrea averaged 190.74 IP from 2007 until 2017, reaching an all time high of 276 IP in the fourth quarter of 2015 and a record low of 114 IP in the fourth quarter of 2016. This page includes a chart with historical data for EritreaIP Addresses.

Temperature in Eritrea decreased to 23.70 celsius in December from 26.59 celsius in November of 2015. Temperature in Eritrea averaged 26.81 celsius from 1864 until 2015, reaching an all time high of 31.69 celsius in July of 2015 and a record low of 21.35 celsius in January of 1983. This page includes a chart with historical data for Eritrea Average Temperature.

Precipitation in Eritrea increased to 34.58 mm in December from 6.74 mm in November of 2015. Precipitation in Eritrea averaged 23.93 mm from 1901 until 2015, reaching an all time high of 200.95 mm in July of 1916 and a record low of 0.02 mm in November of 1974. This page includes a chart with historical data for Eritrea Average Precipitation.

Eritrea is ranked 189 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Eritrea remained unchanged at 189 in 2019 from 189 in 2018. Ease of Doing Business in Eritrea averaged 184.25 from 2008 until 2019, reaching an all time high of 189 in 2014 and a record low of 175 in 2009. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Eritrea.

The Gross Domestic Product per capita in Eritrea was last recorded at 2102.95 US dollars in 2011, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Eritrea, when adjusted by Purchasing Power Parity is equivalent to 12 percent of the world's average. GDP per capita PPP in Eritrea averaged 2248.76 USD from 1992 until 2011, reaching an all time high of 2665.40 USD in 1998 and a record low of 1534.69 USD in 1992. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Eritrea GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Eritrea was last recorded at 715.90 US dollars in 2011. The GDP per Capita in Eritrea is equivalent to 6 percent of the world's average. GDP per capita in Eritrea averaged 765.50 USD from 1992 until 2011, reaching an all time high of 907.30 USD in 1998 and a record low of 522.40 USD in 1992. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Eritrea GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Eritrea scored 23 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Eritrea averaged 23.63 Points from 2004 until 2019, reaching an all time high of 29 Points in 2006 and a record low of 18 Points in 2014. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Eritrea Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Eritrea is the 160 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Eritrea averaged 137.38 from 2004 until 2019, reaching an all time high of 166 in 2014 and a record low of 93 in 2006. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Eritrea Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Rate in Eritrea remained unchanged at 6.50 percent in 2019 from 6.50 percent in 2018. Unemployment Rate in Eritrea averaged 6.69 percent from 1991 until 2019, reaching an all time high of 7 percent in 2013 and a record low of 6.10 percent in 2008. In Eritrea, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Eritrea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Eritrea increased to 1170 USD Million in 2018 from 1120 USD Million in 2017. Imports in Eritrea averaged 679.75 USD Million from 1992 until 2018, reaching an all time high of 1170 USD Million in 2018 and a record low of 214.47 USD Million in 1992. Eritrea main imports are: machinery, fuel and food. Main import partners are: Saudi Arabia, Egypt, China, India, Germany, Italy, South Africa and Brazil. This page provides - Eritrea Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Eritrea increased to 573 USD Million in 2018 from 482 USD Million in 2017. Exports in Eritrea averaged 198.46 USD Million from 1992 until 2018, reaching an all time high of 630 USD Million in 2014 and a record low of 11 USD Million in 2005. Eritrea main exports are: livestock, sorghum, textiles and food. Main export partners are: Italy, Sudan, Saudi Arabia, China, United Kingdom and Egypt. This page provides - Eritrea Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Eritrea recorded a trade deficit of 597 USD Million in 2018. Balance of Trade in Eritrea averaged -481.30 USD Million from 1992 until 2018, reaching an all time high of -159.97 USD Million in 1992 and a record low of -724 USD Million in 2013. Eritrea's systemic trade deficit is the result of the country's small production of exportable goods. Eritrea's main exports are: livestock, sorghum, textiles and food. Man imports are: machinery, fuel and food. Main trading partners are: Italy, Saudi Arabia, China and Egypt. This page provides the latest reported value for - Eritrea Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Eritrea recorded a Current Account surplus of 617 USD Million in 2017. Current Account in Eritrea averaged -132.58 USD Million from 1992 until 2017, reaching an all time high of 1104 USD Million in 2012 and a record low of -2174 USD Million in 2009. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Eritrea Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Eritrea was recorded at -27.60 percent in 2019. Inflation Rate in Eritrea averaged 10.19 percent from 1993 until 2019, reaching an all time high of 34.70 percent in 2009 and a record low of -27.60 percent in 2019. In Eritrea, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides the latest reported value for - Eritrea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Eritrea recorded a government debt equivalent to 20.10 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Eritrea averaged 42.16 percent from 2003 until 2018, reaching an all time high of 65.20 percent in 2005 and a record low of 20.10 percent in 2017. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Eritrea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Eritrea expanded 3.10 percent in 2019 from the previous year. GDP Annual Growth Rate in Eritrea averaged 4.79 percent from 1991 until 2019, reaching an all time high of 21.25 percent in 2001 and a record low of -13.12 percent in 2000. 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. This page provides - Eritrea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.