Eritrea vs the Gambia: Economic Indicators Comparison

Eritrea with a GDP of $2.6B ranked the 170th largest economy in the world, while the Gambia ranked 178th with $1.6B. By GDP 5-years average growth and GDP per capita, Eritrea and the Gambia ranked 79th vs 80th and 178th vs 183rd, respectively.

Gross Domestic Product & Income

StatEritreaGambia
GDP$2.6B$1.6B
GDP growth, 1 year4.2%6.6%
GDP growth, 5-years average3.3%3.3%
Population3.5M2.1M
GDP per capita$811$716
GDP per capita growth7.21%3.45%
Purchasing Power Parity conversion factor5.9313.2
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.27
GDP per capita, PPP adjusted$1.7k$2.8k
GNI, Atlas method$2.3B$1.6B
GNI per capita$720$710
GNI, PPP adjusted$6.7B$5.8B
GNI per capita, PPP adjusted$2.1k$2.6k

Financial system and Human development

StatEritreaGambia
Income Tax Rate30%35%
Corporate Tax Rate30%32%
Inflation, consumer prices9%6.5%
Inflation, GDP deflator13.3%5.2%
Unemployment6.5%8.9%
Economic Freedom Index38.556.3
Personal Freedom Index4.85.86
Human Freedom Index4.86.52
Property Rights Index32.543.9
Judical Effectiveness Index14.343.4
Business Freedom Index18.253.5
Fiscal Health Index025.3
Labor Freedom Index69.767.4
Investment Freedom Index065
Financial Freedom Index2050
Trade Freedom Index69.264.6
Monetary Freedom Index6163.3
Government Spending Index74.785.6
Tax Burden Index81.474.6
Government Integrity Index21.439.2
Corruption Perceptions Index2437
Life expectancy at birth, years65.561.4
Suicide mortality rate, per 100,000 people7.95.1
Mortality caused by road traffic injury, per 100,000 people25.329.7
Intentional homicides, per 100,000 people89.1
International tourism, number of arrivals142k552k

Government debt & reserves

StatEritreaGambia
Central government debt, % of GDP129.4%83.2%
External debt stocks, % of GNI40.8%42.7%
External debt stocks$791.2M$681.4M
Short-term debt, % of total reserves16%9.4%
Total debt service, % of exports and primary income4.3%16.8%
Adjusted net savings including particulate emission damage, % of GNI0.5%-12.7%
Gross savings, % of GDP15.8%8.6%
Gross capital formation, % of GDP10%17%
Total reserves including gold$114.8M$191.8M
Foreign direct investment net inflows$61M$33M

Exports, imports and economic structure

StatEritreaGambia
Exports of goods and services, % of GDP14.4%21.9%
Imports of goods and services, % of GDP23.2%41.5%
Current account balance (balance of payments)-$104.7M-$78.6M
Revenue excluding grants, % of GDPN/A10.1%
Grants excluding technical cooperation, BoP$82M$126M
Personal remittances received$3.3M$203.6M
Industry including construction value added, % of GDP21.8%15.6%
Agriculture, forestry and fishing value added, % of GDP14.1%19.9%
Charges for the use of intellectual property, payments BoP$281kN/A
Charges for the use of intellectual property, receipts BoP$94kN/A
Expense, % of GDPN/A10.7%
Government Expenditure, % of GDP29.1%21.9%

Compare with countries close by GDP per capita

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
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
Niger
$414
21.5M

Gambia vs

CountryGDP
per capita
Population
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
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
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M
Burundi
$272
10.9M