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World/Forecast/Eritrea

Forecast

Eritrea — macro forecast

Forward projections from the prediction engine — baseline plus an optimistic/pessimistic band and a confidence interval, per macro indicator. These are PROJECTIONS, not observations: generated from observed history, never a guarantee. A country we hold no projections for is shown honestly.

How to read this:Observeda real measured value from a named source.Derivedcomputed by Predictonomy from observed series using a reproducible method.AI readan AI interpretation of already-computed figures. Opinion, not a new data point.

Forecast

Forward projections

Need it as JSON? GET /api/v1/forecast/country/{iso3}.

Forecast heldDerivedledger 12fb228
Real GDP growth — 2020 baseline projection
7.53

Eritrea: forward projections across 14 macro indicators, horizons 2001, 2003, 2005, 2010, 2012, 2014, 2016, 2020, 2021, 2022, 2024, 2026, 2028, 2029, 2030, 2035. These are projections, not observations — each carries an optimistic/pessimistic band and a confidence interval, anchored against the latest observed value where one is held.

Current account balance to GDP

Weak track record · +3%

Nowcast

Where the data already points

Each indicator nowcast from its strongest leading series — inferable from observations already in hand.

Leading-indicator nowcastDerived

For each indicator, Eritrea's strongest leading series is fit by ordinary least squares over their shared observed history, then the leader's already-observed recent values project the target — so the next year or two is inferable from data already in hand. These are nowcasts from a leading correlation: correlation, not causation, and not a guaranteed forecast.

GDP (current US$)

high confidence

Led by Unemployment by 3 years (it moves withthe target; r = 0.727 over 26 obs).

YearNowcastImplied by Unemployment in
20201.8bn2017 (5.8)

Latest observed13(2019)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
202013.9830-5.129.86 – 18.1
202215.9530-17.148.43 – 23.46
202417.9130-24.87.76 – 28.06
202922.8230-306.84 – 30

Blended 1-yr-ahead13.79· skill-weighted across models

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Exports of goods and services

Weak track record · +9%

Latest observed18.15(2011)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
201219.127.9411.4417.53 – 20.67
201420.9936.297.7217.79 – 24.18
201622.8742.645.7518.22 – 27.53
202127.5955.543.3719.18 – 36

Blended 1-yr-ahead19.02· skill-weighted across models

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Gross domestic product, current US dollars

Weak track record · +7%

Latest observed2.1bn(2011)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20201.9bn2.7bn1.3bn1.8bn – 2.1bn
20221.8bn3.2bn649.6m1.6bn – 2.1bn
20241.7bn3.5bn200.4m1.4bn – 2.1bn
20291.5bn4bn0934.2m – 2bn

Blended 1-yr-ahead1.9bn· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Real GDP growth

Weak track record · +10%

Latest observed8.68(2011)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20207.5312-10-2.74 – 12
20221212-10-6.16 – 12
20241212-10-10 – 12
20291212-10-10 – 12

Blended 1-yr-ahead3.05· skill-weighted across models

Method: weighted_composite; lookback 6y; horizon 1y; confidence 80%

GDP per capita, current US dollars

Below naive baseline · -1%

Latest observed688.68(2011)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
2020548.61786.36342.56511.53 – 585.69
2022504.39916.18147.5431.15 – 577.62
2024460.16991.780360.06 – 560.26
2029349.591.1k0204.15 – 495.03

Blended 1-yr-ahead552.88· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

General government debt to GDP

Below naive baseline · -6%

Latest observed260.4(2019)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
2020272300195.27257.41 – 286.58
2022295.19300162.29263.3 – 300
2024300300128.44253.13 – 300
202930030057.38219.65 – 300

Blended 1-yr-ahead267.07· skill-weighted across models

Method: linear_trend; lookback 10y; horizon 1y; confidence 80%

Imports of goods and services

Below naive baseline · -14%

Latest observed29.24(2011)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
201224.7138.2311.1922.24 – 27.17
201415.6539.06011.31 – 19.98
20166.5936.8101.43 – 11.74
2021042.7500 – 6.7

Blended 1-yr-ahead26.56· skill-weighted across models

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Consumer price inflation

Below naive baseline · -6%

Latest observed1.3(2019)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
20208.1147.31-5-0.7 – 16.93
202230.0950-513.6 – 46.59
20245050-526.57 – 50
20295050-514.53 – 50

Blended 1-yr-ahead1.45· skill-weighted across models

Method: exponential_smoothing; lookback 6y; horizon 1y; confidence 80%

Gross fixed capital formation to GDP

Below naive baseline · -9%

Latest observed12.63(2011)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
201212.3218.417.0511.26 – 13.39
201411.522.032.379.44 – 13.55
201610.6724.2707.87 – 13.47
20218.6127.8404.48 – 12.73

Blended 1-yr-ahead11.86· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Total population

Moderate track record · +40%

Latest observed3.6m(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20263.6m3.8m3.4m3.5m – 3.7m
20283.7m3.8m3.5m3.4m – 3.9m
20303.7m3.9m3.6m3.3m – 4.2m
20353.9m4.1m3.8m3.1m – 4.8m

Blended 1-yr-ahead3.7m· skill-weighted across models

Track record±86.6ktypical miss · 1 realized · 2% MAPE

Method: exponential_smoothing; lookback 10y; horizon 1y; confidence 80%

Total reserves (excluding gold)

Below naive baseline · -16%

Latest observed191.7m(2019)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
2020201.3m225.9m176.8m194.3m – 208.3m
2022225.4m268m182.9m208.1m – 242.8m
2024249.6m304.5m194.7m221.2m – 278m
2029309.9m387.6m232.3m245.6m – 374.2m

Blended 1-yr-ahead198m· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Reserves in months of imports

Latest observed0.85(2000)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20011.145.2600.49 – 1.79
20031.488.6200.32 – 2.65
20051.6510.8600.11 – 3.19
20101.7914.8200 – 4.07

Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%

Total reserves (including gold)

Below naive baseline · -19%

Latest observed191.7m(2019)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
2020201.3m225.9m176.8m194.3m – 208.3m
2022225.4m268m182.9m208.1m – 242.8m
2024249.6m304.5m194.7m221.2m – 278m
2029309.9m387.6m232.3m245.6m – 374.2m

Blended 1-yr-ahead198m· skill-weighted across models

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Unemployment rate

Weak track record · +13%

Latest observed5.98(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20265.876.275.475.69 – 6.05
20285.666.354.975.24 – 6.08
20305.446.344.554.83 – 6.06
20354.916.173.653.89 – 5.93

Blended 1-yr-ahead6· skill-weighted across models

Method: linear_trend; lookback 6y; horizon 1y; confidence 80%

Reliability badges show each indicator's best model skill— how much it beats a naive last-value forecast, measured out-of-sample on that series' own observed history (backtested one-step-ahead). A track record, not a guarantee of future accuracy.

Generated by the prediction engine (model prediction-engine-v1) on 2026-08-02 from observed history. Projections, not observations — never a guarantee of future values.

Machine-readable: GET /api/v1/forecast/country/ERI · Country page → · Full brief → · API docs

2021
1.7bn
2018 (5.76)
20221.9bn2019 (5.81)
20233.2bn2020 (6.38)
20243.5bn2021 (6.49)
20252.4bn2022 (6.03)
20262.1bn2023 (5.91)
20272.2bn2024 (5.95)
20282.3bn2025 (5.98)

Fit: GDP (current US$) ≈ -12293346389.2514 + 2435628367.5215·Unemployment. Correlation, not causation.

Current account / GDP

moderate confidence

Led by GDP (current US$) by 3 years (it moves withthe target; r = 0.674 over 25 obs).

YearNowcastImplied by GDP (current US$) in
202010.942017 (1.9bn)
202112.562018 (2bn)
202212.182019 (2bn)

Fit: Current account / GDP ≈ -19.3612 + 0·GDP (current US$). Correlation, not causation.

Machine-readable: GET /api/v1/nowcast/country/ERI?indicator= · API docs