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Economy of Eritrea vs Mexico compared: GDP & Debt

Updated on by Georank team

Eritrea has a GDP of $2.07B compared to $1.86T for Mexico, ranking 179/197 and 13/197 by economy size, respectively.

Eritrea has $3.54B in government debt (260.4% of GDP), compared to $1.08T (58.3% of GDP) in Mexico.

Eritrea vs Mexico GDP by year

Eritrea
Mexico
1x
Year GDP, current $
Eritrea Mexico
2024 - $1,856,365,616,166
2023 - $1,798,317,581,487
2022 - $1,466,934,724,293
2021 - $1,316,569,466,686
2020 - $1,121,064,767,308
2019 - $1,304,106,203,902
2018 - $1,256,300,182,880
2017 - $1,190,721,475,906
2016 - $1,112,233,497,453
2015 - $1,213,294,467,717
2014 - $1,364,507,717,614
2013 - $1,327,436,290,283
2012 - $1,255,110,424,818
2011 $2,065,001,626 $1,229,013,703,417
2010 $1,589,515,447 $1,105,424,238,731
2009 $1,856,695,551 $943,437,415,025
2008 $1,380,188,800 $1,161,553,459,715
2007 $1,317,974,491 $1,102,355,554,972
2006 $1,211,161,880 $1,020,265,057,882
2005 $1,098,424,686 $917,571,853,529
2004 $1,109,054,005 $819,459,227,375
2003 $870,248,268 $765,549,967,703
2002 $729,321,680 $810,666,116,402
2001 $752,371,689 $796,064,590,549
2000 $706,370,816 $742,061,329,749
1999 $688,918,537 $631,249,359,702
1998 $745,523,117 $557,461,102,631
1997 $686,490,090 $523,449,530,464
1996 $693,535,954 $432,157,945,024
1995 $578,015,625 $380,157,469,867
1994 $531,688,312 $553,618,247,901
1993 $467,872,715 $530,160,763,663
1992 $477,101,652 $363,157,832,924
1991 - $313,139,656,146
1990 - $261,253,675,693
1989 - $221,403,098,267
1988 - $181,611,150,497
1987 - $147,542,558,209
1986 - $134,556,034,673
1985 - $195,241,069,482
1984 - $184,230,754,105
1983 - $156,167,000,433
1982 - $184,602,611,610
1981 - $263,797,827,860
1980 - $205,577,055,466
1979 - $134,531,900,899
1978 - $102,648,570,299
1977 - $81,912,018,784
1976 - $88,875,923,765
1975 - $88,000,000,000
1974 - $72,000,000,000
1973 - $55,280,000,000
1972 - $45,200,000,000
1971 - $39,200,000,000
1970 - $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/eritrea/mexico | CC BY

GDP per capita in Eritrea vs Mexico by year

Eritrea
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eritrea Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $14,186 $26,185
2023 - - $13,861 $25,243
2022 - - $11,406 $23,135
2021 - - $10,314 $20,783
2020 - - $8,841 $19,354
2019 - - $10,370 $20,964
2018 - - $10,085 $20,921
2017 - - $9,649 $20,489
2016 - - $9,098 $20,105
2015 - - $10,021 $19,071
2014 - - $11,391 $18,821
2013 - - $11,217 $18,170
2012 - - $10,744 $18,005
2011 $689 $1,742 $10,664 $17,267
2010 $540 $1,599 $9,729 $15,909
2009 $643 $1,577 $8,424 $15,191
2008 $490 $1,547 $10,524 $15,681
2007 $480 $1,727 $10,134 $15,032
2006 $448 $1,682 $9,513 $14,540
2005 $413 $1,674 $8,672 $13,260
2004 $427 $1,621 $7,850 $12,658
2003 $349 $1,621 $7,434 $12,066
2002 $305 $1,702 $7,983 $11,762
2001 $325 $1,684 $7,953 $11,739
2000 $314 $1,558 $7,524 $11,705
1999 $311 $1,597 $6,500 $11,031
1998 $342 $1,598 $5,833 $10,756
1997 $319 $1,573 $5,567 $10,182
1996 $326 $1,449 $4,674 $9,496
1995 $285.4 $1,369 $4,184 $8,933
1994 $277.8 $1,379 $6,202 $9,466
1993 $252.1 $1,149 $6,048 $9,041
1992 $265.2 $1,021 $4,221 $9,470
1991 - - $3,709 $9,079
1990 - - $3,154 $8,578
1989 - - $2,725 -
1988 - - $2,279 -
1987 - - $1,888 -
1986 - - $1,757 -
1985 - - $2,602 -
1984 - - $2,506 -
1983 - - $2,170 -
1982 - - $2,621 -
1981 - - $3,829 -
1980 - - $3,055 -
1979 - - $2,049 -
1978 - - $1,604 -
1977 - - $1,315 -
1976 - - $1,465 -
1975 - - $1,492 -
1974 - - $1,256 -
1973 - - $993 -
1972 - - $837 -
1971 - - $748 -
1970 - - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/eritrea/mexico | CC BY

Eritrea's GDP per capita is $689, ranking 188/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Eritrea ranks 191st at $1,742, while Mexico ranks 80th at $26,185.

Economic indicators

Eritrea Mexico
Gross domestic product
$2.07B
2011
$1.86T
2024
GDP rank
179/197
2011
13/197
2024
GDP growth
8.68%
2010-2011
1.43%
2023-2024
GDP per capita
$689
2011
$14,186
2024
GDP per capita rank
188/197
2011
69/197
2024
GDP per capita, PPP
$1,742
2011
$26,185
2024
GDP per capita PPP rank
191/197
2011
80/197
2024
Government debt
$3.54B
2011
$1.08T
2024
Debt-to-GDP ratio
260.4%
2019
58.3%
2024
Government debt per person
$1,182
2011
$8,272
2024
Government debt per person rank
136/185
2011
63/185
2024
Average annual personal income after taxes
$1,129
2026
$10,231
2026
Market capitalization of domestic companies n/a
$418B
2024
Number of millionaires n/a
399,000
2025
Number of billionaires n/a
22
2025
Income share by richest 10% n/a
34.4%
2022
Income share by poorest 10% n/a
2.1%
2022
Government expenditure, % of GDP
31.3%
2019
30.3%
2024
Consumer prices inflation
1.3%
2018-2019
4.72%
2023-2024
Central bank interest rate n/a
7%
2025
Unemployment rate
5.8%
2017
2.62%
2024
Population
3700586
133323134

Spending and national debt comparison by year

Eritrea
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Eritrea Mexico
Government spending Government debt Government spending Government debt
2024 - - 30.3% 58.3%
2023 - - 28.5% 52.6%
2022 - - 28.5% 53.8%
2021 - - 26.7% 56.7%
2020 - - 27.8% 58.5%
2019 31.3% 260.4% 25.3% 51.9%
2018 26.4% 267.1% 25% 52.2%
2017 42.5% 290.4% 25% 52.5%
2016 30.9% 251.2% 26.5% 55%
2015 31.1% 271.4% 26.6% 51%
2014 21.6% 204.5% 26.9% 47.1%
2013 32.7% 232.4% 26.7% 44.1%
2012 33.3% 171.6% 27% 40.8%
2011 32.3% 171.6% 26.6% 41.2%
2010 42.4% 201.8% 26.5% 40.2%
2009 44.9% 207.1% 26.5% 41.7%
2008 69.4% 259.7% 26.5% 40.6%
2007 51.2% 201.3% 22.5% 35.5%
2006 50.5% 199% 21.6% 35.8%
2005 76.6% 205.4% 21.2% 36.8%
2004 57.1% 193.5% 20.5% 38.9%
2003 58.1% 264% 21.5% 42.1%
2002 60.1% 243.4% 19.8% 39.9%
2001 59.5% 238.6% 19.5% 37.3%
2000 84.7% 219.1% 19.4% 38.5%
1999 106.1% - 20.1% 41.7%
1998 88% - 19.5% 39.7%
1997 60.1% - 20.7% 39.1%
1996 68.6% - 20.8% 42.5%
1995 81.2% - 18.9% 30.7%
1994 50.4% - 18.9% 26.8%
1993 67.2% - 18.2% 19.2%
1992 32.7% - 19% 21.5%
1991 - - 20.1% 29.2%
1990 - - 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

GeoRank.org/economy/eritrea/mexico | CC BY

In 2024, Eritrea's government spending was $666M, accounting for 31.3% of its GDP, while Mexico spent $563B, or 30.3% of GDP.

Debt-to-GDP ratio is 260.4% in Eritrea and 58.3% in Mexico, ranking 2/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Eritrea

Mexico
1x
Year Deficit/surplus, % of GDP
Eritrea Mexico
2024 - -5.73%
2023 - -4.29%
2022 - -4.32%
2021 - -3.75%
2020 - -4.29%
2019 2.72% -2.27%
2018 5.22% -2.14%
2017 -5.74% -1.03%
2016 -1.44% -2.68%
2015 -2.77% -3.86%
2014 -0.12% -4.37%
2013 -7.62% -3.56%
2012 -5.21% -3.57%
2011 -5.5% -3.2%
2010 -16.5% -3.8%
2009 -22.2% -3.94%
2008 -38% -0.68%
2007 -19.8% -1.46%
2006 -15.5% -1.23%
2005 -31% -1.43%
2004 -7.65% -1.35%
2003 6.23% -2.24%
2002 -13.3% -2.18%
2001 -9.62% -2.57%
2000 -25.4% -2.69%
1999 -59.7% -4.49%
1998 -40.3% -4.49%
1997 -5.65% -3.48%
1996 -18.4% -3.66%
1995 -22.9% -2.28%
1994 8.69% -2.25%
1993 4.22% -1.51%
1992 6.85% 2.26%
1991 - 1.49%
1990 - -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/eritrea/mexico | CC BY

In 2011, Eritrea's government deficit, the difference between spending and revenue, was $114M, equivalent to 5.5% of GDP. This compares to Mexico's deficit of $39.4B, or 3.2% of GDP.

Over the past 20 years, Eritrea recorded a fiscal deficit in 16 of those years, while Mexico ran a deficit in 19 years. On average, Eritrea posted an annual deficit equal to 16.3% of GDP, compared to deficit of 2.33% of GDP for Mexico.

Inflation comparison by year

Inflation
Eritrea

Mexico
1x
Year Consumer prices inflation
Eritrea Mexico
2024 - 4.72%
2023 - 5.53%
2022 - 7.9%
2021 - 5.69%
2020 - 3.4%
2019 1.3% 3.64%
2018 -14.4% 4.9%
2017 -13.3% 6.04%
2016 -5.6% 2.82%
2015 28.5% 2.72%
2014 8.4% 4.02%
2013 6.3% 3.81%
2012 6% 4.11%
2011 5.9% 3.41%
2010 10.3% 4.16%
2009 33.9% 5.3%
2008 22.2% 5.12%
2007 9.4% 3.97%
2006 7.7% 3.63%
2005 12.5% 3.99%
2004 25.1% 4.69%
2003 22.7% 4.55%
2002 16.9% 5.03%
2001 14.6% 6.37%
2000 19.9% 9.49%
1999 8.4% 16.6%
1998 9.5% 15.9%
1997 3.7% 20.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1997–2019, retrieved 2026-02-20).

GeoRank.org/economy/eritrea/mexico | CC BY

Over the past 23 years, Eritrea has recorded an average annual inflation rate of 10.4%, compared with 6.3% in Mexico. In 2019, inflation was 1.3% in Eritrea and 4.72% in Mexico.

Balance of trade

Eritrea Mexico
Current account balance
-$105M
2000
-$16.7B
2024
Current account balance ranking
89/190
2000
181/190
2024
Current account balance, % of GDP
-14.8%
2000
-0.9%
2024
Goods imports
$471M
2000
$637B
2024
Goods exports
$36.8M
2000
$618B
2024
Service imports
$28.5M
2000
$72B
2024
Service exports
$60.9M
2000
$63B
2024
Imports of goods and services, % of GDP
29.2%
2011
37.9%
2024
Exports of goods and services, % of GDP
18.2%
2011
36.7%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Eritrea Mexico
Economic freedom 39.6 59.8
Economic freedom ranking 188/197 102/197
Property rights 4.8 37.6
Government integrity 10.9 28.8
Judicial effectiveness 5.5 40.4
Tax burden 80.3 75.4
Government spending 62.3 74.6
Fiscal health 69 56.7
Business freedom 30.7 67
Labor freedom 43.4 57.3
Monetary freedom 80 70.6
Trade freedom 68.4 74.2
Investment freedom 0 75
Financial freedom 20 60

Economic freedom comparison by year

Eritrea
Mexico
1x
Year Economic freedom index
Eritrea Mexico
2026 39.6 59.8
2025 38.6 61.3
2024 39.5 62
2023 39.5 63.2
2022 39.7 63.7
2021 42.3 65.5
2020 38.5 66
2019 38.9 64.7
2018 41.7 64.8
2017 42.2 63.6
2016 42.7 65.2
2015 38.9 66.4
2014 38.5 66.8
2013 36.3 67
2012 36.2 65.3
2011 36.7 67.8
2010 35.3 68.3
2009 38.5 65.8
2008 - 66.2
2007 - 66
2006 - 64.7
2005 - 65.2
2004 - 66
2003 - 65.3
2002 - 63
2001 - 60.6
2000 - 59.3
1999 - 58.5
1998 - 57.9
1997 - 57.1
1996 - 61.2
1995 - 63.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/eritrea/mexico | CC BY

The Economic Freedom Index for Eritrea is 39.6, ranking 188/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eritrea Mexico
Services, % of GDP n/a
58.1%
2024
Industry, % of GDP
21.8%
2009
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
14.1%
2009
3.72%
2024
GNI, Atlas method
$1.94B
2011
$1.68T
2024
GNI per capita, PPP
$1,720
2011
$25,460
2024
Total reserves including gold
$192M
2019
$232B
2024
Total reserves ranking
170/177
2019
16/177
2024
Net foreign direct investment
-$27.9M
2000
-$32.3B
2024
Net inflows of foreign direct investment
-$27.9M
2024
$45.5B
2024
Net outflows of foreign direct investment
$0
2024
$13B
2024
Servicing debt to the IMF, % of GNI
1.07%
2011
3.71%
2024
Poverty at national poverty lines
50%
2020
29.6%
2024
Gross capital formation, % of GDP
12.6%
2011
24.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/eritrea/mexico | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.