Eritrea vs the Philippines: Economic Indicators Comparison

The Philippines with a GDP of $330.9B ranked the 40th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, the Philippines and Eritrea ranked 21st vs 79th and 134th vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaPhilippines
GDP$2.6B$330.9B
GDP growth, 1 year4.2%6.2%
GDP growth, 5-years average3.3%6.4%
Population3.5M104.9M
GDP per capita$811$3.1k
GDP per capita growth7.21%4.77%
Purchasing Power Parity conversion factor5.9318.25
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.35
GDP per capita, PPP adjusted$1.7k$8.9k
GNI, Atlas method$2.3B$408.8B
GNI per capita$720$3.8k
GNI, PPP adjusted$6.7B$1.1T
GNI per capita, PPP adjusted$2.1k$11k

Financial system and Human development

StatEritreaPhilippines
Income Tax Rate30%35%
Corporate Tax Rate30%30%
Inflation, consumer prices9%5.2%
Inflation, GDP deflator13.3%3.8%
Unemployment6.5%2.5%
Economic Freedom Index38.564.5
Personal Freedom Index4.87.06
Human Freedom Index4.86.92
Property Rights Index32.554.6
Judical Effectiveness Index14.334.2
Business Freedom Index18.259.5
Fiscal Health Index096.3
Labor Freedom Index69.757.4
Investment Freedom Index060
Financial Freedom Index2060
Trade Freedom Index69.281.6
Monetary Freedom Index6166.9
Government Spending Index74.787.9
Tax Burden Index81.476.7
Government Integrity Index21.438.7
Corruption Perceptions Index2436
Life expectancy at birth, years65.571
Suicide mortality rate, per 100,000 people7.93.2
Mortality caused by road traffic injury, per 100,000 people25.312.3
Intentional homicides, per 100,000 people88.4
International tourism, number of arrivals142k7.2M

Government debt & reserves

StatEritreaPhilippines
Central government debt, % of GDP129.4%39.6%
External debt stocks, % of GNI40.8%19.9%
External debt stocks$791.2M$78.8B
Short-term debt, % of total reserves16%20.3%
Total debt service, % of exports and primary income4.3%8.7%
Adjusted net savings including particulate emission damage, % of GNI0.5%28.5%
Gross savings, % of GDP15.8%42.4%
Gross capital formation, % of GDP10%26.9%
Total reserves including gold$114.8M$79.2B
Foreign direct investment net inflows$61M$9.8B

Exports, imports and economic structure

StatEritreaPhilippines
Exports of goods and services, % of GDP14.4%31.7%
Imports of goods and services, % of GDP23.2%44.4%
Current account balance (balance of payments)-$104.7M-$8.7B
Revenue excluding grants, % of GDPN/A16.3%
Grants excluding technical cooperation, BoP$82M$436.5M
Personal remittances received$3.3M$33.8B
Industry including construction value added, % of GDP21.8%30.7%
Agriculture, forestry and fishing value added, % of GDP14.1%9.3%
Charges for the use of intellectual property, payments BoP$281k$917M
Charges for the use of intellectual property, receipts BoP$94k$44.1M
Expense, % of GDPN/A14.9%
Government Expenditure, % of GDP29.1%20.1%

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
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

Philippines vs

CountryGDP
per capita
Population
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
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M