Markets Actual Q4 Q1 Q2 Q3 2022
Currency 15.00 15.03 15.05 15.08 15.1 15.15

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -0.60 4 5 5 5 5
Unemployment Rate (%) 7.40 7.6 6.7 6.7 6.7 6.7
Inflation Rate (%) 4.70 8 6 6 6 6
Balance of Trade (USD Million) -404.00 -100 -100 -100 -100 -810
Current Account to GDP (% of GDP) 10.10 13 12.3 12.3 12.3 12.3
Government Debt to GDP (% of GDP) 64.00 62 60 60 60 60
Government Budget (% of GDP) -5.20 -4.8 -4.3 -4.3 -4.3 -4.3

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -0.60 4 5 5 5 5
GDP (USD Billion) 6.50 5.3 5.3 5.3 5.3 5.6

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 7.40 7.6 6.7 6.7 6.7 6.7

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.70 8 6 6 6 6

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -404.00 -100 -100 -100 -100 -810
Current Account to GDP (% of GDP) 10.10 13 12.3 12.3 12.3 12.3
Imports (USD Million) 1148.00 1275 1275 1275 1275 1280
Exports (USD Million) 744.00 465 465 465 465 475

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 64.00 62 60 60 60 60
Government Budget (% of GDP) -5.20 -4.8 -4.3 -4.3 -4.3 -4.3

Taxes Actual Q4 Q1 Q2 Q3 2022
Sales Tax Rate (%) 5.00 5 5 5 5 5


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.