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Eritrea · Economy

Eritrea economy: GDP, investment, trade and remittances

How large the Eritrea economy is and how fast it is growing, who invests in it, what it sells and buys, how much its citizens abroad send home, who it owes and what it holds in reserve. The latest published year is shown with each figure.

GDP
not published
Real GDP growth
not published
GDP per person
not published
Exports of goods
US$816 million
2025, as reported by trading partners
Remittances received
not published
Foreign direct investment, net inflows
US$82 million
2025

Eritrea economy snapshot: GDP, growth and income per person

No GDP figures for Eritrea are not published by the World Bank, so none are shown.

Source: World Bank, 2025. Method

Who invests in Eritrea and in what

Direct investment by investing country

China was the largest investing country in Eritrea, at 97% of inward direct investment positions in 2024.

Inward direct investment positions in Eritrea at the end of 2024: the stock of foreign direct investment, not a year's new flow. The 4 largest investing countries.

The IMF data holds no positions reported by Eritrea itself. The figures are derived by the IMF from what the investing countries report, so they are shown as reported by investing countries.

ChinaUS$179 million96.6%
SpainUS$5.2 million2.8%
NetherlandsUS$1.0 million0.6%
ItalyUS$22 thousand0.0%

Source: IMF, 2024. Method

What Eritrea sells and buys

Eritrea has not reported recent trade data to UN Comtrade. These figures are what 74 trading partners report about trade with Eritrea, shown as reported by trading partners. Partners' imports from Eritrea stand in for its exports and partners' exports to Eritrea for its imports. They are not Eritrea's own figures.

Ores, slag and ash was 96% of exports in 2025.

Eritrea sold the most to China, 95% of exports in 2025.

Exports by product, 2025

Tile area follows value. Each tile is a customs chapter of the Harmonized System; hover for the full name.

Ores, slag and ash: US$784 million, 96.1%Ores, slag and ash96%Apparel and clothing accessories: US$15 million, 1.8%Machinery and mechanical appliances, boilers, nuclear reactors: US$6.5 million, 0.8%Vehicles: US$1.8 million, 0.2%Lac: US$1.1 million, 0.1%Animals: US$1.1 million, 0.1%Electrical machinery and equipment and parts thereof: US$1.1 million, 0.1%Iron and steel: US$712 thousand, 0.1%Copper and articles thereof: US$708 thousand, 0.1%Natural, cultured pearls: US$631 thousand, 0.1%Beverages, spirits and vinegar: US$429 thousand, 0.1%Paper and paperboard: US$365 thousand, 0.0%All other chapters: US$2.4 million, 0.3%

Source: UN Comtrade, 2025. Method

Top buyers, 2025

Share of Eritrea's exports.

ChinaUS$775 million95.0%
South KoreaUS$10.0 million1.2%
Czech RepublicUS$8.2 million1.0%
CroatiaUS$6.1 million0.7%
ItalyUS$5.4 million0.7%
BermudaUS$4.6 million0.6%
FranceUS$1.7 million0.2%
Saudi ArabiaUS$1.1 million0.1%
SpainUS$789 thousand0.1%
PolandUS$597 thousand0.1%

Top suppliers, 2024

Share of Eritrea's imports.

ChinaUS$160 million45.7%
TurkeyUS$40 million11.4%
United StatesUS$37 million10.7%
ItalyUS$27 million7.7%
Saudi ArabiaUS$13 million3.8%
IndiaUS$12 million3.4%
South AfricaUS$8.9 million2.6%
BelgiumUS$5.7 million1.6%
United KingdomUS$5.2 million1.5%
EgyptUS$4.7 million1.3%

Source: UN Comtrade, 2025. Method

What Eritrea buys, 2024

The 8 largest product chapters in imports.

Machinery and mechanical appliancesUS$81 million23.1%
CerealsUS$36 million10.3%
Electrical machinery and equipmentUS$34 million9.7%
Products of the milling industryUS$24 million6.8%
Iron or steel articlesUS$19 million5.3%
VehiclesUS$16 million4.7%
Rubber and articles thereofUS$14 million4.1%
Fats and oilsUS$11 million3.2%

Source: UN Comtrade, 2024. Method

Trade balance of goods

Exports minus imports. Red bars are years when imports were larger. A year is left out when either side is not published.

0200m400m600m20152017201920222024Trade balance 2015: US$50 million (exports US$457 million, imports US$406 million)Trade balance 2016: US$23 million (exports US$382 million, imports US$359 million)Trade balance 2017: US$29 million (exports US$434 million, imports US$404 million)Trade balance 2018: US$94 million (exports US$510 million, imports US$416 million)Trade balance 2019: US$105 million (exports US$495 million, imports US$390 million)Trade balance 2020: US$330 million (exports US$647 million, imports US$317 million)Trade balance 2022: US$405 million (exports US$855 million, imports US$450 million)Trade balance 2023: US$131 million (exports US$572 million, imports US$441 million)Trade balance 2024: US$224 million (exports US$574 million, imports US$350 million)

Source: UN Comtrade, 2024. Method

Remittances against foreign direct investment in Eritrea

Foreign direct investment net inflows were negative in 2017: more investment left Eritrea than came in.

Remittances receivedForeign direct investment, net inflows
-50m050m100m150m201520172019202120232025Foreign direct investment 2015: US$9.1 millionForeign direct investment 2016: US$72 millionForeign direct investment 2017: -US$300 thousandForeign direct investment 2018: US$6.3 millionForeign direct investment 2019: US$1.3 millionForeign direct investment 2020: US$65 millionForeign direct investment 2021: US$1.1 millionForeign direct investment 2022: US$144 millionForeign direct investment 2023: US$134 millionForeign direct investment 2024: US$13 millionForeign direct investment 2025: US$82 million

No remittances figures for Eritrea are not published by the World Bank, so none are shown.

Source: World Bank, 2026. Method

Who Eritrea owes

External debt stock by type of creditor. Creditor types cover public and publicly guaranteed debt; the grey part is the rest of the total external debt stock. A creditor type with no published figure is not shown.

Multilateral creditors held 75% of Eritrea's external debt stock in 2024.

Public external debt owed to China was US$3.4 million in 2024, 0% of the external debt stock.

MultilateralBilateralRest of the totalPublic debt owed to China
0250m500m750m1.0bn20152017201920212023Multilateral 2015: US$573 millionBilateral 2015: US$212 millionRest of the total 2015: US$91 millionMultilateral 2016: US$558 millionBilateral 2016: US$196 millionRest of the total 2016: US$47 millionMultilateral 2017: US$587 millionBilateral 2017: US$190 millionRest of the total 2017: US$49 millionMultilateral 2018: US$572 millionBilateral 2018: US$171 millionRest of the total 2018: US$55 millionMultilateral 2019: US$567 millionBilateral 2019: US$159 millionRest of the total 2019: US$54 millionMultilateral 2020: US$588 millionBilateral 2020: US$152 millionRest of the total 2020: US$59 millionMultilateral 2021: US$565 millionBilateral 2021: US$125 millionRest of the total 2021: US$81 millionMultilateral 2022: US$533 millionBilateral 2022: US$113 millionRest of the total 2022: US$81 millionMultilateral 2023: US$536 millionBilateral 2023: US$105 millionRest of the total 2023: US$85 millionMultilateral 2024: US$517 millionBilateral 2024: US$64 millionRest of the total 2024: US$111 millionPublic debt owed to China 2015: US$49 millionPublic debt owed to China 2016: US$41 millionPublic debt owed to China 2017: US$38 millionPublic debt owed to China 2018: US$31 millionPublic debt owed to China 2019: US$26 millionPublic debt owed to China 2020: US$23 millionPublic debt owed to China 2021: US$19 millionPublic debt owed to China 2022: US$13 millionPublic debt owed to China 2023: US$8.0 millionPublic debt owed to China 2024: US$3.4 million

Source: World Bank, 2026. Method

Reserves and months of import cover

Total reserves including gold, and how many months of imports they cover.

Reserves, US$Months of imports
050m100m150m200m20152016201720182019Reserves 2015: US$145 millionReserves 2016: US$145 millionReserves 2017: US$143 millionReserves 2018: US$163 millionReserves 2019: US$192 million

No months-of-imports figures for Eritrea are not published by the World Bank, so none are shown.

Source: World Bank, 2026. Method

Aid received by Eritrea

Net official development assistance and official aid received.

0100m200m300m20152017201920212023Aid received 2015: US$94 millionAid received 2016: US$67 millionAid received 2017: US$79 millionAid received 2018: US$84 millionAid received 2019: US$267 millionAid received 2020: US$63 millionAid received 2021: US$45 millionAid received 2022: US$63 millionAid received 2023: US$129 million

Source: World Bank, 2026. Method