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Economy of Eritrea vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Eritrea has a GDP of $2.07B compared to $14.2B for Tajikistan, ranking 179/197 and 145/197 by economy size, respectively.

Eritrea has $3.54B in government debt (260.4% of GDP), compared to $4.2B (28.4% of GDP) in Tajikistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Eritrea
GDP, current $

GDP, constant 2015 $
Tajikistan
GDP, current $

GDP, constant 2015 $
Year GDP
Eritrea Tajikistan
Current $ Constant $ Current $ Constant $
1985 - - - $6,548,213,772
1986 - - - $6,777,401,246
1987 - - - $6,696,072,428
1988 - - - $7,626,826,568
1989 - - - $7,131,082,791
1990 - - $2,629,395,066 $7,088,296,320
1991 - - $2,536,585,366 $6,585,027,346
1992 $477,101,652 $1,154,926,146 $1,908,554,572 $4,675,369,346
1993 $467,872,715 $1,310,318,716 $1,646,623,195 $3,908,608,781
1994 $531,688,312 $1,588,386,838 $1,522,001,206 $3,076,075,188
1995 $578,015,625 $1,633,788,955 $1,231,561,860 $2,694,139,780
1996 $693,535,954 $1,785,058,837 $1,043,654,822 $2,244,218,479
1997 $686,490,090 $1,926,233,510 $921,518,033 $2,281,936,479
1998 $745,523,117 $1,960,377,600 $1,320,199,582 $2,403,172,744
1999 $688,918,537 $1,960,641,860 $1,086,612,290 $2,492,079,339
2000 $706,370,816 $1,899,038,769 $860,541,842 $2,699,528,109
2001 $752,371,689 $2,065,307,885 $1,080,772,551 $2,958,165,475
2002 $729,321,680 $2,127,379,251 $1,221,106,220 $3,277,647,458
2003 $870,248,268 $2,070,886,356 $1,555,318,261 $3,638,188,648
2004 $1,109,054,005 $2,100,950,150 $2,076,176,869 $4,012,922,040
2005 $1,098,424,686 $2,155,038,051 $2,312,352,021 $4,281,787,757
2006 $1,211,161,880 $2,134,151,054 $2,830,213,849 $4,581,513,037
2007 $1,317,974,491 $2,164,601,595 $3,719,524,541 $4,938,871,060
2008 $1,380,188,800 $1,952,837,971 $5,161,299,725 $5,329,041,788
2009 $1,856,695,551 $2,028,539,765 $4,979,472,364 $5,536,874,479
2010 $1,589,515,447 $2,073,049,789 $5,642,221,099 $5,896,771,270
2011 $2,065,001,626 $2,252,986,366 $6,522,756,255 $6,333,132,379
2012 - - $7,633,036,903 $6,808,117,273
2013 - - $8,448,411,318 $7,311,917,934
2014 - - $9,112,605,459 $7,801,816,486
2015 - - $8,271,431,485 $8,271,431,485
2016 - - $6,992,416,097 $8,842,160,258
2017 - - $7,536,402,853 $9,469,953,673
2018 - - $7,764,999,999 $10,189,670,047
2019 - - $8,300,813,599 $10,943,705,647
2020 - - $8,133,963,551 $11,425,228,817
2021 - - $8,937,805,347 $12,499,200,275
2022 - - $10,713,525,200 $13,499,136,339
2023 - - $12,244,169,293 $14,619,564,550
2024 - - $14,204,575,549 $15,847,607,944

Economic indicators

Eritrea Tajikistan
Gross domestic product
$2.07B
2011
$14.2B
2024
GDP rank
179/197
2011
145/197
2024
GDP growth
29.9%
2010-2011
16%
2023-2024
GDP per capita
$689
2011
$1,341
2024
GDP per capita rank
188/197
2011
167/197
2024
GDP per capita, PPP
$1,742
2011
$5,406
2024
Government debt
$3.54B
2011
$4.2B
2024
Debt-to-GDP ratio
260.4%
2019
28.4%
2025
Government debt per person
$1,182
2011
$396
2024
Government debt per person rank
137/185
2011
171/185
2024
Average annual personal income after taxes
$1,342
2025
$2,250
2025
Income share by richest 10% n/a
28.2%
2024
Income share by poorest 10% n/a
2.9%
2024
Government expenditure, % of GDP
31.3%
2019
30.3%
2025
Consumer prices inflation
1.3%
2018-2019
3.8%
2024-2025
Central bank interest rate n/a
7.75%
2025
Unemployment rate
5.8%
2017
0.08%
2016
Population
3667774
10940854

GDP per capita in Eritrea vs Tajikistan

Eritrea's GDP per capita is $689, ranking 188/197, compared to $1,341 in Tajikistan, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Eritrea ranks 190th at $1,742, while Tajikistan ranks 156th at $5,406.

Eritrea
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
Year Current $
Eritrea Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1990 - - $487 $2,583
1991 - - $458 $2,417
1992 $265.2 $1,021 $338 $1,721
1993 $252.1 $1,149 $287.6 $1,454
1994 $277.8 $1,379 $261.3 $1,148
1995 $285.4 $1,369 $207 $1,006
1996 $326 $1,449 $172 $836
1997 $319 $1,573 $150.1 $855
1998 $342 $1,598 $213.7 $905
1999 $311 $1,597 $175 $947
2000 $314 $1,558 $136.9 $1,036
2001 $325 $1,684 $168.7 $1,139
2002 $305 $1,702 $187 $1,257
2003 $349 $1,621 $233.6 $1,396
2004 $427 $1,621 $306 $1,550
2005 $413 $1,674 $334 $1,673
2006 $448 $1,682 $401 $1,810
2007 $480 $1,727 $517 $1,966
2008 $490 $1,547 $703 $2,120
2009 $643 $1,577 $665 $2,171
2010 $540 $1,599 $737 $2,291
2011 $689 $1,742 $834 $2,456
2012 - - $952 $2,679
2013 - - $1,028 $2,919
2014 - - $1,082 $3,152
2015 - - $957 $2,975
2016 - - $789 $2,914
2017 - - $829 $3,017
2018 - - $834 $3,069
2019 - - $871 $3,460
2020 - - $834 $3,654
2021 - - $897 $3,986
2022 - - $1,052 $4,514
2023 - - $1,178 $4,964
2024 - - $1,341 $5,406

Spending and national debt comparison

In 2024, Eritrea's government spending was $666M, accounting for 31.3% of its GDP, while Tajikistan's spent $4.27B, or 30.3% of GDP.

Debt-to-GDP ratio is 260.4% in Eritrea and 28.4% in Tajikistan, ranking 1/185 and 161/185, respectively.

Eritrea
Government spending

Government debt
Tajikistan
Government spending

Government debt
Year % of GDP
Eritrea Tajikistan
Government spending Government debt Government spending Government debt
1992 32.7% - - -
1993 67.2% - - -
1994 50.4% - - -
1995 81.2% - - -
1996 68.6% - - -
1997 60.1% - - -
1998 88% - 17.1% 96.6%
1999 106.1% - 17.5% 107.8%
2000 84.7% 219.1% 18.1% 111.4%
2001 59.5% 238.6% 17.3% 99.4%
2002 60.1% 243.4% 19.1% 98.3%
2003 58.1% 264% 19.1% 69.8%
2004 57.1% 193.5% 20.2% 49.4%
2005 76.6% 205.4% 22.9% 45.8%
2006 50.5% 199% 21.6% 36.8%
2007 51.2% 201.3% 20.3% 34.3%
2008 69.4% 259.7% 20.2% 30.2%
2009 44.9% 207.1% 23.6% 36.9%
2010 42.4% 201.8% 25.9% 36.8%
2011 32.3% 171.6% 24.3% 35.5%
2012 33.3% 171.6% 24.7% 32.5%
2013 32.7% 232.4% 27.7% 29.3%
2014 21.6% 204.5% 27.5% 27.9%
2015 31.1% 271.4% 31.9% 35%
2016 30.9% 251.2% 32.7% 42.2%
2017 42.5% 290.4% 33.8% 46.3%
2018 26.4% 267.1% 30.9% 46.6%
2019 31.3% 260.4% 28.8% 43.5%
2020 - - 29.2% 51.8%
2021 - - 27.6% 42.1%
2022 - - 28% 32.5%
2023 - - 31% 30.9%
2024 - - 30% 29.5%
2025 - - 30.3% 28.4%

Government deficit by year

In 2011, Eritrea's government deficit, the difference between spending and revenue, was -$114M, equivalent to -5.5% of GDP. This compares to Tajikistan's surplus of $39.4M, or 0.6% of GDP.

Over the past 14 years, Eritrea recorded a fiscal deficit in 13 of those years, while Tajikistan ran a deficit in 10 years. On average, Eritrea posted an annual deficit equal to -21.3% of GDP, compared to deficit of -1.52% of GDP for Tajikistan.

Deficit/surplus
Eritrea

Tajikistan
Year Deficit/surplus, % of GDP
Eritrea Tajikistan
1992 6.85% -
1993 4.22% -
1994 8.69% -
1995 -22.9% -
1996 -18.4% -
1997 -5.65% -
1998 -40.3% -5.09%
1999 -59.7% -4.03%
2000 -25.4% -4.51%
2001 -9.62% -2.11%
2002 -13.3% -2.4%
2003 6.23% -1.74%
2004 -7.65% -2.32%
2005 -31% -2.83%
2006 -15.5% 2%
2007 -19.8% 2.13%
2008 -38% 1.94%
2009 -22.2% -0.2%
2010 -16.5% -2.71%
2011 -5.5% 0.6%
2012 -5.21% 0.41%
2013 -7.62% -0.73%
2014 -0.12% 0.92%
2015 -2.77% -1.96%
2016 -1.44% -2.91%
2017 -5.74% -5.65%
2018 5.22% -2.69%
2019 2.72% -2.04%
2020 - -4.34%
2021 - -0.67%
2022 - -0.23%
2023 - -1.27%
2024 - -2.5%
2025 - -2.5%

Inflation comparison by year

Over the past 24 years, Eritrea has recorded an average annual inflation rate of 10.4%, compared with 33.7% in Tajikistan. In 2019, inflation was 1.3% in Eritrea and 3.8% in Tajikistan.

Inflation
Eritrea

Tajikistan
Year Inflation
Eritrea Tajikistan Eritrea Tajikistan
1996 10.3% 419%
1997 3.7% 88%
1998 9.5% 43.2%
1999 8.4% 27.5%
2000 19.9% 32.9%
2001 14.6% 38.6%
2002 16.9% 12.2%
2003 22.7% 16.4%
2004 25.1% 7.2%
2005 12.5% 7.3%
2006 7.7% 10%
2007 9.4% 13.2%
2008 22.2% 20.4%
2009 33.9% 6.4%
2010 10.3% 6.5%
2011 5.9% 12.4%
2012 6% 5.8%
2013 6.3% 5%
2014 8.4% 6.1%
2015 28.5% 5.8%
2016 -5.6% 5.9%
2017 -13.3% 7.3%
2018 -14.4% 3.8%
2019 1.3% 7.8%
2020 - 8.6%
2021 - 9%
2022 - 6.6%
2023 - 3.7%
2024 - 3.5%
2025 - 3.8%

Balance of trade

Eritrea Tajikistan
Current account balance
-$105M
2000
$887M
2024
Current account balance ranking
87/189
2000
53/189
2024
Current account balance, % of GDP
-14.8%
2000
+6.24%
2024
Goods imports
$471M
2000
$5.94B
2024
Goods exports
$36.8M
2000
$1.42B
2024
Service imports
$28.5M
2000
$971M
2024
Service exports
$60.9M
2000
$195M
2024
Imports of goods and services, % of GDP
29.2%
2011
48.4%
2023
Exports of goods and services, % of GDP
18.2%
2011
17.2%
2023

Economic freedom indices

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

Eritrea Tajikistan
Economic freedom 38.6 51.5
Economic freedom ranking 188/197 152/197
Property rights 6.1 28.8
Government integrity 14.5 15.7
Judicial effectiveness 3.8 11.2
Tax burden 80.3 92.3
Government spending 62.3 75
Fiscal health 69 97.3
Business freedom 31.3 56.2
Labor freedom 43.4 43.6
Monetary freedom 63.9 71
Trade freedom 68.4 72.2
Investment freedom 0 25
Financial freedom 20 30

Economic freedom by year comparison

The Economic Freedom Index for Eritrea is 38.6, ranking 188/197, compared to 51.5 for Tajikistan, ranking 152/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Eritrea
Tajikistan
Year Economic freedom index
Eritrea Tajikistan
1998 - 41.1
1999 - 41.2
2000 - 44.8
2001 - 46.8
2002 - 47.3
2003 - 46.5
2004 - 48.7
2005 - 50.4
2006 - 52.6
2007 - 53.6
2008 - 54.4
2009 38.5 54.6
2010 35.3 53
2011 36.7 53.5
2012 36.2 53.4
2013 36.3 53.4
2014 38.5 52
2015 38.9 52.7
2016 42.7 51.3
2017 42.2 58.2
2018 41.7 58.3
2019 38.9 55.6
2020 38.5 52.2
2021 42.3 55.2
2022 39.7 49.7
2023 39.5 50.6
2024 39.5 51.3
2025 38.6 51.5

More economic indicators

Eritrea Tajikistan
Services, % of GDP n/a
34.7%
2023
Industry, % of GDP
21.8%
2009
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
14.1%
2009
22.9%
2023
GNI, Atlas method
$1.94B
2011
$17.5B
2024
GNI per capita, PPP
$1,720
2011
$7,100
2024
Total reserves including gold
$192M
2019
$3.3B
2023
Total reserves ranking
170/177
2019
117/177
2023
Net foreign direct investment
-$27.9M
2000
-$190M
2024
Net inflows of foreign direct investment
-$27.9M
2024
$291M
2024
Net outflows of foreign direct investment
-$27.9M
2000
$101M
2024
Servicing debt to the IMF, % of GNI
1.07%
2011
3.78%
2023
Poverty at national poverty lines
50%
2020
19.8%
2024
Gross capital formation, % of GDP
12.6%
2011
31.7%
2023

GDP per capita map

GDP per capita

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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.