Eritrea

Eritrea Economic Outlook

  • Growth is projected at 0.3% in 2015, from 1.7% in 2014 and 1.3% in 2013, reflecting challenges in the business and investment environment, and a poor global economic environment.
  • The government’s commitment to strengthening public financial management and natural-resource management through the African Development Bank’s technical assistance has helped to create favourable medium-term prospects.
  • Eritrea has been promoting urbanisation but this is limited by financial capacity and a shortage of urban housing.

Read more


Key Facts

Flag:
Capital: Asmara
Area: 118,000 sq km
Total Population 2015: 6.3 Million
Urban Population 2015: 22.24%
Female Population 2015: 50.10%
GDP: US$ 3.4 Billion
GNI Per Capita 2015: 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 (1967-2015): UA 119.2 Million

Show more facts


Activity



Resources



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