Eritrea

Eritrea Economic Outlook

  • Economic growth is projected at 2.1% in 2015, up from 1.3% in 2013 and 2.0% in 2014,reflecting improved economic activity and increased investment in the mining sector.
  • Continued improvements in public financial management, progress towards implementation of the Drought Resilience and Sustainable Livelihoods Programme (DRSLP) and enhanced skills development have created favourable medium-term prospects.
  • Eritrea has made an effort to promote growth, but this has been narrowly based on a sectorial strategy and is now being threatened by increasing social and territorial disparities.

Contacts

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director

Key Facts

Flag:
Capital: Asmara
Area: 118,000 sq km
Total Population 2013: 6.3 Million
Urban Population 2013: 22.24%
Female Population 2013: 50.10%
GDP: US$ 3.4 Billion
GNI Per Capita 2013: US$ 450
Inflation Rate: 12.26%
Crude Birth Rate (per 1000): 36.70%
Human Development Index (rank / 187): 181
Human Development Index (scale 0 to 1): 0.351
Membership Date: 13/05/1994
Cumulative Approvals (1967-2013): UA 105.7 Million

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