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Economy of Eritrea vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Eritrea has a GDP of $2.07B compared to $147B for Uzbekistan, ranking 179/197 and 61/197 by economy size, respectively.

Eritrea has $3.54B in government debt (260.4% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Eritrea vs Uzbekistan GDP by year

Eritrea
Uzbekistan
1x
Year GDP, current $
Eritrea Uzbekistan
2025 - $147,038,081,129
2024 - $121,356,065,241
2023 - $107,526,539,716
2022 - $94,286,355,836
2021 - $81,170,051,811
2020 - $70,127,127,133
2019 - $70,170,662,563
2018 - $61,318,332,403
2017 - $72,276,404,058
2016 - $97,871,364,319
2015 - $97,564,568,987
2014 - $91,303,765,114
2013 - $82,674,178,352
2012 - $75,318,846,931
2011 $2,065,001,626 $67,404,618,405
2010 $1,589,515,447 $55,544,226,553
2009 $1,856,695,551 $33,689,223,673
2008 $1,380,188,800 $29,549,438,884
2007 $1,317,974,491 $22,311,393,928
2006 $1,211,161,880 $17,330,833,853
2005 $1,098,424,686 $14,307,509,839
2004 $1,109,054,005 $12,030,023,548
2003 $870,248,268 $10,134,453,435
2002 $729,321,680 $9,687,788,513
2001 $752,371,689 $11,401,421,329
2000 $706,370,816 $13,760,513,969
1999 $688,918,537 $17,078,465,982
1998 $745,523,117 $14,988,971,211
1997 $686,490,090 $14,744,603,774
1996 $693,535,954 $13,948,892,216
1995 $578,015,625 $13,350,461,265
1994 $531,688,312 $12,899,074,922
1993 $467,872,715 $13,099,920,056
1992 $477,101,652 $12,953,801,760
1991 - $13,800,167,712
1990 - $13,362,340,338
1989 - $11,948,815,258
1988 - $10,722,799,639
1987 - $8,523,160,593

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

GDP per capita in Eritrea vs Uzbekistan by year

Eritrea
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eritrea Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $3,968 -
2024 - - $3,337 $11,879
2023 - - $3,016 $11,107
2022 - - $2,699 $10,293
2021 - - $2,370 $9,248
2020 - - $2,088 $8,452
2019 - - $2,129 $8,544
2018 - - $1,894 $8,129
2017 - - $2,271 $7,818
2016 - - $3,128 $6,919
2015 - - $3,173 $6,800
2014 - - $3,021 $6,610
2013 - - $2,781 $6,413
2012 - - $2,574 $6,168
2011 $689 $1,742 $2,339 $5,949
2010 $540 $1,599 $1,957 $5,505
2009 $643 $1,577 $1,206 $5,135
2008 $490 $1,547 $1,075 $4,800
2007 $480 $1,727 $824 $4,386
2006 $448 $1,682 $649 $3,956
2005 $413 $1,674 $543 $3,618
2004 $427 $1,621 $462 $3,321
2003 $349 $1,621 $394 $3,047
2002 $305 $1,702 $381 $2,902
2001 $325 $1,684 $454 $2,782
2000 $314 $1,558 $555 $2,644
1999 $311 $1,597 $698 $2,522
1998 $342 $1,598 $621 $2,418
1997 $319 $1,573 $621 $2,329
1996 $326 $1,449 $597 $2,214
1995 $285.4 $1,369 $583 $2,178
1994 $277.8 $1,379 $574 $2,197
1993 $252.1 $1,149 $596 $2,318
1992 $265.2 $1,021 $603 $2,371
1991 - - $658 $2,676
1990 - - $653 $2,665
1989 - - $598 -
1988 - - $551 -
1987 - - $450 -

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

Eritrea's GDP per capita is $689, ranking 189/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Eritrea ranks 191st at $1,742, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Eritrea Uzbekistan
Gross domestic product
$2.07B
2011
$147B
2025
GDP rank
179/197
2011
61/197
2025
GDP growth
8.68%
2010-2011
7.7%
2024-2025
GDP per capita
$689
2011
$3,968
2025
GDP per capita rank
189/197
2011
134/197
2025
GDP per capita, PPP
$1,742
2011
$11,879
2024
GDP per capita PPP rank
191/197
2011
125/197
2024
Government debt
$3.54B
2011
$42B
2025
Debt-to-GDP ratio
260.4%
2019
28.6%
2025
Government debt per person
$1,182
2011
$1,134
2025
Government debt per person rank
137/185
2011
139/185
2025
Average annual personal income after taxes
$1,350
2026
$3,560
2026
Market capitalization of domestic companies n/a
$23.7B
2025
Income share by richest 10% n/a
24.2%
2025
Income share by poorest 10% n/a
2.4%
2025
Government expenditure, % of GDP
31.3%
2019
27.4%
2025
Consumer prices inflation
1.3%
2018-2019
8.8%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
5.8%
2017
5.29%
2020
Population
3722489
38082870

Spending and national debt comparison by year

Eritrea
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Eritrea Uzbekistan
Government spending Government debt Government spending Government debt
2025 - - 27.4% 28.6%
2024 - - 26.1% 30.9%
2023 - - 28.6% 30.7%
2022 - - 30% 29.2%
2021 - - 26.1% 30.2%
2020 - - 24.7% 31.9%
2019 31.3% 260.4% 23.4% 24.3%
2018 26.4% 267.1% 21.2% 16.7%
2017 42.5% 290.4% 19.9% 17.3%
2016 30.9% 251.2% 20.5% 7.21%
2015 31.1% 271.4% 21.7% 5.94%
2014 21.6% 204.5% 22% 5.39%
2013 32.7% 232.4% 22.3% 5.51%
2012 33.3% 171.6% 21.5% 6.06%
2011 32.3% 171.6% 21.1% 5.65%
2010 42.4% 201.8% 23.7% 5.92%
2009 44.9% 207.1% 24.7% 6.57%
2008 69.4% 259.7% 23.8% 7.5%
2007 51.2% 201.3% 22.4% 8.6%
2006 50.5% 199% 22.3% 12.2%
2005 76.6% 205.4% 25.3% 18.9%
2004 57.1% 193.5% 26.5% 24.2%
2003 58.1% 264% 28.4% 28.3%
2002 60.1% 243.4% 31.2% 37.5%
2001 59.5% 238.6% 27.6% 40.4%
2000 84.7% 219.1% 29.6% 26.5%
1999 106.1% - 30.3% 16.6%
1998 88% - 31.6% 16.2%
1997 60.1% - 28.7% 13.8%
1996 68.6% - 31.6% -
1995 81.2% - 26.5% -
1994 50.4% - 24.4% -
1993 67.2% - 35.6% -
1992 32.7% - 16.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Eritrea's government spending was $666M, accounting for 31.3% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 260.4% in Eritrea and 28.6% in Uzbekistan, ranking 2/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Eritrea

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Eritrea Uzbekistan
2025 - -1.66%
2024 - -2.25%
2023 - -3.85%
2022 - -3.49%
2021 - -3.9%
2020 - -2.8%
2019 2.72% -0.29%
2018 5.22% 1.57%
2017 -5.74% 1.04%
2016 -1.44% 0.62%
2015 -2.77% -0.24%
2014 -0.12% 1.68%
2013 -7.62% 1.9%
2012 -5.21% 5.28%
2011 -5.5% 4.56%
2010 -16.5% 2.29%
2009 -22.2% 1.64%
2008 -38% 5.38%
2007 -19.8% 3.2%
2006 -15.5% 2.45%
2005 -31% -3.17%
2004 -7.65% -3.37%
2003 6.23% -4.39%
2002 -13.3% -5.69%
2001 -9.62% -2.95%
2000 -25.4% -3.29%
1999 -59.7% -2.62%
1998 -40.3% -2.74%
1997 -5.65% -1.85%
1996 -18.4% -1.41%
1995 -22.9% -1.59%
1994 8.69% -4.03%
1993 4.22% -10.8%
1992 6.85% 6.44%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

GeoRank.org/economy/eritrea/uzbekistan | 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 Uzbekistan's surplus of $3.08B, or 4.56% of GDP.

Over the past 20 years, Eritrea recorded a fiscal deficit in 16 of those years, while Uzbekistan ran a deficit in 13 years. On average, Eritrea posted an annual deficit equal to 16.3% of GDP, compared to deficit of 1.09% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Eritrea

Uzbekistan
1x
Year Consumer prices inflation
Eritrea Uzbekistan
2025 - 8.8%
2024 - 9.6%
2023 - 10%
2022 - 11.4%
2021 - 10.8%
2020 - 12.9%
2019 1.3% 14.5%
2018 -14.4% 17.5%
2017 -13.3% 13.9%
2016 -5.6% 8.8%
2015 28.5% 8.5%
2014 8.4% 9.1%
2013 6.3% 11.7%
2012 6% 11.9%
2011 5.9% 12.4%
2010 10.3% 12.3%
2009 33.9% 12.3%
2008 22.2% 13.1%
2007 9.4% 11.2%
2006 7.7% 13.1%
2005 12.5% 10.7%
2004 25.1% 7.3%
2003 22.7% 12.5%
2002 16.9% 27.3%
2001 14.6% 27.3%
2000 19.9% 25%
1999 8.4% 29.1%
1998 9.5% 29%
1997 3.7% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 23 years, Eritrea has recorded an average annual inflation rate of 10.4%, compared with 17.8% in Uzbekistan. In 2019, inflation was 1.3% in Eritrea and 8.8% in Uzbekistan.

Balance of trade

Eritrea Uzbekistan
Current account balance
-$105M
2000
-$5.78B
2025
Current account balance ranking
82/190
2000
167/190
2025
Current account balance, % of GDP
-14.8%
2000
-3.93%
2025
Goods imports
$471M
2000
$38.5B
2025
Goods exports
$36.8M
2000
$23B
2025
Service imports
$28.5M
2000
$13.6B
2025
Service exports
$60.9M
2000
$9.27B
2025
Imports of goods and services, % of GDP
29.2%
2011
35.4%
2025
Exports of goods and services, % of GDP
18.2%
2011
22%
2025

Economic freedom indices

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

Eritrea Uzbekistan
Economic freedom 39.6 60.3
Economic freedom ranking 188/197 94/197
Property rights 4.8 43.1
Government integrity 10.9 32
Judicial effectiveness 5.5 13.7
Tax burden 80.3 95
Government spending 62.3 73.7
Fiscal health 69 79.9
Business freedom 30.7 62.5
Labor freedom 43.4 48.4
Monetary freedom 80 65.1
Trade freedom 68.4 80.6
Investment freedom 0 70
Financial freedom 20 60

Economic freedom comparison by year

Eritrea
Uzbekistan
1x
Year Economic freedom index
Eritrea Uzbekistan
2026 39.6 60.3
2025 38.6 58
2024 39.5 55.9
2023 39.5 56.5
2022 39.7 55.7
2021 42.3 58.3
2020 38.5 57.2
2019 38.9 53.3
2018 41.7 51.5
2017 42.2 52.3
2016 42.7 46
2015 38.9 47
2014 38.5 46.5
2013 36.3 46
2012 36.2 45.8
2011 36.7 45.8
2010 35.3 47.5
2009 38.5 50.5
2008 - 51.9
2007 - 51.5
2006 - 48.7
2005 - 45.8
2004 - 39.1
2003 - 38.3
2002 - 38.5
2001 - 38.2
2000 - 38.1
1999 - 33.8
1998 - 31.5

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Eritrea is 39.6, ranking 188/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eritrea Uzbekistan
Services, % of GDP n/a
46.5%
2025
Industry, % of GDP
21.8%
2009
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
14.1%
2009
16.6%
2025
GNI, Atlas method
$1.94B
2011
$136B
2025
GNI per capita, PPP
$1,720
2011
$13,640
2025
Total reserves including gold
$192M
2019
$41.2B
2024
Total reserves ranking
170/177
2019
53/177
2024
Net foreign direct investment
-$27.9M
2000
-$4.24B
2025
Net inflows of foreign direct investment
-$27.9M
2024
$2.97B
2024
Net outflows of foreign direct investment
$0
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
1.07%
2011
9.37%
2024
Poverty at national poverty lines
50%
2020
5.8%
2025
Gross capital formation, % of GDP
12.6%
2011
33.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.