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Eritrea vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Singapore and Eritrea ranked 76th vs 79th and 10th vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaSingapore
GDP$2.6B$364.2B
GDP growth, 1 year4.2%3.2%
GDP growth, 5-years average3.3%3.3%
Population3.5M5.9M
GDP per capita$811$65k
GDP per capita growth7.21%2.66%
Purchasing Power Parity conversion factor5.930.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.64
GDP per capita, PPP adjusted$1.7k$100k
GNI, Atlas method$2.3B$331.4B
GNI per capita$720$59k
GNI, PPP adjusted$6.7B$533.8B
GNI per capita, PPP adjusted$2.1k$95k

Financial system and Human development

StatEritreaSingapore
Income Tax Rate30%22%
Corporate Tax Rate30%17%
Inflation, consumer prices9%0.4%
Inflation, GDP deflator13.3%1.9%
Unemployment6.5%3.8%
Economic Freedom Index38.589.4
Personal Freedom Index4.87.44
Human Freedom Index4.88.1
Property Rights Index32.596.8
Judical Effectiveness Index14.392.9
Business Freedom Index18.292.8
Fiscal Health Index080
Labor Freedom Index69.790.9
Investment Freedom Index085
Financial Freedom Index2080
Trade Freedom Index69.294.8
Monetary Freedom Index6185.6
Government Spending Index74.791.1
Tax Burden Index81.490.3
Government Integrity Index21.492.4
Corruption Perceptions Index2485
Life expectancy at birth, years65.582.9
Suicide mortality rate, per 100,000 people7.99.9
Mortality caused by road traffic injury, per 100,000 people25.32.8
Intentional homicides, per 100,000 people80.2
International tourism, number of arrivals142k14.7M

Government debt & reserves

StatEritreaSingapore
Central government debt, % of GDP129.4%108.3%
External debt stocks, % of GNI40.8%N/A
External debt stocks$791.2MN/A
Short-term debt, % of total reserves16%N/A
Total debt service, % of exports and primary income4.3%N/A
Adjusted net savings including particulate emission damage, % of GNI0.5%36.8%
Gross savings, % of GDP15.8%45.8%
Gross capital formation, % of GDP10%26.6%
Total reserves including gold$114.8M$292.7B
Foreign direct investment net inflows$61M$82B

Exports, imports and economic structure

StatEritreaSingapore
Exports of goods and services, % of GDP14.4%176.4%
Imports of goods and services, % of GDP23.2%149.8%
Current account balance (balance of payments)-$104.7M$65.1B
Revenue excluding grants, % of GDPN/A18.8%
Grants excluding technical cooperation, BoP$82M$1.6M
Personal remittances received$3.3MN/A
Industry including construction value added, % of GDP21.8%25.2%
Agriculture, forestry and fishing value added, % of GDP14.1%0%
Charges for the use of intellectual property, payments BoP$281k$15.2B
Charges for the use of intellectual property, receipts BoP$94k$8.7B
Expense, % of GDPN/A15.2%
Government Expenditure, % of GDP29.1%17.2%

Compare with countries close by GDP per capita

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

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
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
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
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