Armenia vs Eritrea: Economic Indicators Comparison

Armenia with a GDP of $12.4B ranked the 136th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Armenia and Eritrea ranked 56th vs 79th and 115th vs 178th, respectively.

Gross Domestic Product & Income

StatArmeniaEritrea
GDP$12.4B$2.6B
GDP growth, 1 year5%4.2%
GDP growth, 5-years average3.9%3.3%
Population2.9M3.5M
GDP per capita$4.2k$811
GDP per capita growth4.95%7.21%
Purchasing Power Parity conversion factor196.695.93
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.39
GDP per capita, PPP adjusted$10k$1.7k
GNI, Atlas method$12.5B$2.3B
GNI per capita$4.2k$720
GNI, PPP adjusted$30.9B$6.7B
GNI per capita, PPP adjusted$10k$2.1k

Financial system and Human development

StatArmeniaEritrea
Income Tax Rate26%30%
Corporate Tax Rate20%30%
Inflation, consumer prices2.5%9%
Inflation, GDP deflator2.6%13.3%
Unemployment17.7%6.5%
Economic Freedom Index70.638.5
Personal Freedom Index7.214.8
Human Freedom Index7.424.8
Property Rights Index60.732.5
Judical Effectiveness Index54.114.3
Business Freedom Index8118.2
Fiscal Health Index68.80
Labor Freedom Index72.569.7
Investment Freedom Index750
Financial Freedom Index7020
Trade Freedom Index80.669.2
Monetary Freedom Index7661
Government Spending Index80.674.7
Tax Burden Index84.981.4
Government Integrity Index43.421.4
Corruption Perceptions Index3524
Life expectancy at birth, years74.865.5
Suicide mortality rate, per 100,000 people6.67.9
Mortality caused by road traffic injury, per 100,000 people17.125.3
Intentional homicides, per 100,000 people2.48
International tourism, number of arrivals1.7M142k

Government debt & reserves

StatArmeniaEritrea
Central government debt, % of GDP48.5%129.4%
External debt stocks, % of GNI87.5%40.8%
External debt stocks$11B$791.2M
Short-term debt, % of total reserves50.2%16%
Total debt service, % of exports and primary income29.9%4.3%
Adjusted net savings including particulate emission damage, % of GNI1.5%0.5%
Gross savings, % of GDP13.6%15.8%
Gross capital formation, % of GDP22.4%10%
Total reserves including gold$2.3B$114.8M
Foreign direct investment net inflows$254.1M$61M

Exports, imports and economic structure

StatArmeniaEritrea
Exports of goods and services, % of GDP37.8%14.4%
Imports of goods and services, % of GDP53.5%23.2%
Current account balance (balance of payments)-$1.2B-$104.7M
Revenue excluding grants, % of GDP22.5%N/A
Grants excluding technical cooperation, BoP$111.9M$82M
Personal remittances received$1.5B$3.3M
Industry including construction value added, % of GDP25%21.8%
Agriculture, forestry and fishing value added, % of GDP13.7%14.1%
Charges for the use of intellectual property, payments BoPN/A$281k
Charges for the use of intellectual property, receipts BoPN/A$94k
Expense, % of GDP22.1%N/A
Government Expenditure, % of GDP25.4%29.1%

Compare with countries close by GDP per capita

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M