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
| Stat |  Eritrea |  Gambia |
|---|---|---|
| GDP | $2.6B | $1.6B |
| GDP growth, 1 year | 4.2% | 6.6% |
| GDP growth, 5-years average | 3.3% | 3.3% |
| Population | 3.5M | 2.1M |
| GDP per capita | $811 | $716 |
| GDP per capita growth | 7.21% | 3.45% |
| Purchasing Power Parity conversion factor | 5.93 | 13.2 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.39 | 0.27 |
| 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
| Stat | Eritrea | Gambia |
|---|---|---|
| Income Tax Rate | 30% | 35% |
| Corporate Tax Rate | 30% | 32% |
| Inflation, consumer prices | 9% | 6.5% |
| Inflation, GDP deflator | 13.3% | 5.2% |
| Unemployment | 6.5% | 8.9% |
| Economic Freedom Index | 38.5 | 56.3 |
| Personal Freedom Index | 4.8 | 5.86 |
| Human Freedom Index | 4.8 | 6.52 |
| Property Rights Index | 32.5 | 43.9 |
| Judical Effectiveness Index | 14.3 | 43.4 |
| Business Freedom Index | 18.2 | 53.5 |
| Fiscal Health Index | 0 | 25.3 |
| Labor Freedom Index | 69.7 | 67.4 |
| Investment Freedom Index | 0 | 65 |
| Financial Freedom Index | 20 | 50 |
| Trade Freedom Index | 69.2 | 64.6 |
| Monetary Freedom Index | 61 | 63.3 |
| Government Spending Index | 74.7 | 85.6 |
| Tax Burden Index | 81.4 | 74.6 |
| Government Integrity Index | 21.4 | 39.2 |
| Corruption Perceptions Index | 24 | 37 |
| Life expectancy at birth, years | 65.5 | 61.4 |
| Suicide mortality rate, per 100,000 people | 7.9 | 5.1 |
| Mortality caused by road traffic injury, per 100,000 people | 25.3 | 29.7 |
| Intentional homicides, per 100,000 people | 8 | 9.1 |
| International tourism, number of arrivals | 142k | 552k |
Government debt & reserves
| Stat | Eritrea | Gambia |
|---|---|---|
| Central government debt, % of GDP | 129.4% | 83.2% |
| External debt stocks, % of GNI | 40.8% | 42.7% |
| External debt stocks | $791.2M | $681.4M |
| Short-term debt, % of total reserves | 16% | 9.4% |
| Total debt service, % of exports and primary income | 4.3% | 16.8% |
| Adjusted net savings including particulate emission damage, % of GNI | 0.5% | -12.7% |
| Gross savings, % of GDP | 15.8% | 8.6% |
| Gross capital formation, % of GDP | 10% | 17% |
| Total reserves including gold | $114.8M | $191.8M |
| Foreign direct investment net inflows | $61M | $33M |
Exports, imports and economic structure
| Stat | Eritrea | Gambia |
|---|---|---|
| Exports of goods and services, % of GDP | 14.4% | 21.9% |
| Imports of goods and services, % of GDP | 23.2% | 41.5% |
| Current account balance (balance of payments) | -$104.7M | -$78.6M |
| Revenue excluding grants, % of GDP | N/A | 10.1% |
| Grants excluding technical cooperation, BoP | $82M | $126M |
| Personal remittances received | $3.3M | $203.6M |
| Industry including construction value added, % of GDP | 21.8% | 15.6% |
| Agriculture, forestry and fishing value added, % of GDP | 14.1% | 19.9% |
| Charges for the use of intellectual property, payments BoP | $281k | N/A |
| Charges for the use of intellectual property, receipts BoP | $94k | N/A |
| Expense, % of GDP | N/A | 10.7% |
| Government Expenditure, % of GDP | 29.1% | 21.9% |
