Source: world bank Nominal/PPP
Summary:
Eritrea GDP Per Capita expanded from 1992 to 2011, increasing from $265.24 to $688.68 .The compound annual growth rate (CAGR) averaged 5.15% over the period. The economy recorded its peak level in 2011 and its lowest level in 1993. Growth volatility remained high. The maximum drawdown reached 16.06%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Eritrea Economic Phases (1992 - 2011)
From 1992 to 2011, Eritrea economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (2000–2001) indicating steady moderate growth
- High Growth (2003–2004) indicating robust economic expansion
- High Growth (2006–2007) indicating robust economic expansion
- High Growth (2011–2011) indicating robust economic expansion
The most remarkable growth occurred in 2009 with an increase of 31.191%, while the largest decline was in 2010 at -16.056%.