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Eritrea vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, South Africa and Eritrea ranked 151st vs 79th and 95th vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaSouth Africa
GDP$2.6B$368.3B
GDP growth, 1 year4.2%0.8%
GDP growth, 5-years average3.3%1.1%
Population3.5M57.7M
GDP per capita$811$6.4k
GDP per capita growth7.21%-0.57%
Purchasing Power Parity conversion factor5.936.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.47
GDP per capita, PPP adjusted$1.7k$14k
GNI, Atlas method$2.3B$332.3B
GNI per capita$720$5.8k
GNI, PPP adjusted$6.7B$765.8B
GNI per capita, PPP adjusted$2.1k$13k

Financial system and Human development

StatEritreaSouth Africa
Income Tax Rate30%45%
Corporate Tax Rate30%28%
Inflation, consumer prices9%4.6%
Inflation, GDP deflator13.3%3.9%
Unemployment6.5%27%
Economic Freedom Index38.558.8
Personal Freedom Index4.86.92
Human Freedom Index4.86.78
Property Rights Index32.558.4
Judical Effectiveness Index14.338
Business Freedom Index18.262
Fiscal Health Index064
Labor Freedom Index69.758.8
Investment Freedom Index045
Financial Freedom Index2050
Trade Freedom Index69.275.8
Monetary Freedom Index6175.9
Government Spending Index74.767.4
Tax Burden Index81.463.7
Government Integrity Index21.446.6
Corruption Perceptions Index2443
Life expectancy at birth, years65.563.5
Suicide mortality rate, per 100,000 people7.911.6
Mortality caused by road traffic injury, per 100,000 people25.325.9
Intentional homicides, per 100,000 people835.9
International tourism, number of arrivals142k10.5M

Government debt & reserves

StatEritreaSouth Africa
Central government debt, % of GDP129.4%56.7%
External debt stocks, % of GNI40.8%50.6%
External debt stocks$791.2M$179.3B
Short-term debt, % of total reserves16%70.9%
Total debt service, % of exports and primary income4.3%19.9%
Adjusted net savings including particulate emission damage, % of GNI0.5%0.6%
Gross savings, % of GDP15.8%14.9%
Gross capital formation, % of GDP10%17.9%
Total reserves including gold$114.8M$51.6B
Foreign direct investment net inflows$61M$5.5B

Exports, imports and economic structure

StatEritreaSouth Africa
Exports of goods and services, % of GDP14.4%29.9%
Imports of goods and services, % of GDP23.2%29.6%
Current account balance (balance of payments)-$104.7M-$13.4B
Revenue excluding grants, % of GDPN/A30.9%
Grants excluding technical cooperation, BoP$82M$817.9M
Personal remittances received$3.3M$929M
Industry including construction value added, % of GDP21.8%25.9%
Agriculture, forestry and fishing value added, % of GDP14.1%2.2%
Charges for the use of intellectual property, payments BoP$281k$1.8B
Charges for the use of intellectual property, receipts BoP$94k$120.7M
Expense, % of GDPN/A34.4%
Government Expenditure, % of GDP29.1%33%

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

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M