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Australia vs Eritrea: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Australia and Eritrea ranked 111st vs 79th and 13th vs 178th, respectively.

Gross Domestic Product & Income

StatAustraliaEritrea
GDP$1.4T$2.6B
GDP growth, 1 year2.8%4.2%
GDP growth, 5-years average2.6%3.3%
Population23.4M3.5M
GDP per capita$57k$811
GDP per capita growth1.33%7.21%
Purchasing Power Parity conversion factor1.435.93
Price level ratio of PPP conversion factor GDP to market exchange rate1.110.39
GDP per capita, PPP adjusted$52k$1.7k
GNI, Atlas method$1.3T$2.3B
GNI per capita$53k$720
GNI, PPP adjusted$1.3T$6.7B
GNI per capita, PPP adjusted$50k$2.1k

Financial system and Human development

StatAustraliaEritrea
Income Tax Rate45%30%
Corporate Tax Rate30%30%
Inflation, consumer prices2%9%
Inflation, GDP deflator1.9%13.3%
Unemployment5.4%6.5%
Economic Freedom Index82.638.5
Personal Freedom Index9.294.8
Human Freedom Index8.734.8
Property Rights Index82.832.5
Judical Effectiveness Index86.114.3
Business Freedom Index87.818.2
Fiscal Health Index91.80
Labor Freedom Index8469.7
Investment Freedom Index800
Financial Freedom Index9020
Trade Freedom Index88.269.2
Monetary Freedom Index86.261
Government Spending Index61.674.7
Tax Burden Index6381.4
Government Integrity Index89.321.4
Corruption Perceptions Index7724
Life expectancy at birth, years82.565.5
Suicide mortality rate, per 100,000 people13.27.9
Mortality caused by road traffic injury, per 100,000 people5.625.3
Intentional homicides, per 100,000 people0.88
International tourism, number of arrivals9.2M142k

Government debt & reserves

StatAustraliaEritrea
Central government debt, % of GDP40.7%129.4%
External debt stocks, % of GNIN/A40.8%
External debt stocksN/A$791.2M
Short-term debt, % of total reservesN/A16%
Total debt service, % of exports and primary incomeN/A4.3%
Adjusted net savings including particulate emission damage, % of GNI5.6%0.5%
Gross savings, % of GDP21.7%15.8%
Gross capital formation, % of GDP24.5%10%
Total reserves including gold$53.9B$114.8M
Foreign direct investment net inflows$60.3B$61M

Exports, imports and economic structure

StatAustraliaEritrea
Exports of goods and services, % of GDP21.8%14.4%
Imports of goods and services, % of GDP21.4%23.2%
Current account balance (balance of payments)-$29.7B-$104.7M
Revenue excluding grants, % of GDP25.7%N/A
Grants excluding technical cooperation, BoPN/A$82M
Personal remittances received$1.9B$3.3M
Industry including construction value added, % of GDP24.1%21.8%
Agriculture, forestry and fishing value added, % of GDP2.5%14.1%
Charges for the use of intellectual property, payments BoP$3.6B$281k
Charges for the use of intellectual property, receipts BoP$973.4M$94k
Expense, % of GDP26.1%N/A
Government Expenditure, % of GDP35.8%29.1%

Compare with countries close by GDP per capita

Australia vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
735k
Myanmar
$1.3k
53.3M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M
Afghanistan
$521
34.9M
Mozambique
$499
25.8M
Central African Republic
$476
4.99M