Markets Actual Q1 Q2 Q3 Q4 2022
Currency 15.05 15.12 15.17 15.21 15.26 15.36

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 3.80 4.4 4.4 4.4 4.4 5
Unemployment Rate (%) 6.50 6.7 6.7 6.7 6.7 6.7
Inflation Rate (%) -16.40 2 2 2 2 4
Balance of Trade (USD Million) -597.00 -800 -810 -810 -100 -810
Current Account to GDP (%) 12.10 6.1 6.1 6.1 6.1 -2.5
Government Debt to GDP (%) 64.00 67 67 67 67 70
Government Budget (% of GDP) -1.50 -5 -5 -5 -5 -8

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 3.80 4.4 4.4 4.4 4.4 5
GDP (USD Billion) 6.50 5.3 5.3 5.3 5.3 5.6

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.50 6.7 6.7 6.7 6.7 6.7

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -16.40 2 2 2 2 4

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -597.00 -800 -810 -810 -100 -810
Current Account to GDP (%) 12.10 6.1 6.1 6.1 6.1 -2.5
Imports (USD Million) 1170.00 1275 1275 1275 1275 1280
Exports (USD Million) 573.00 465 465 465 465 475

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 64.00 67 67 67 67 70
Government Budget (% of GDP) -1.50 -5 -5 -5 -5 -8

Taxes Actual Q1 Q2 Q3 Q4 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.