Eritrea

Eritrea Economic Outlook

  • Economic growth is estimated to have fallen sharply to 1.1% in 2013 from 7% the previous year and is projected to progress slightly to 1.9% in 2014, reflecting shrinkage of economic activities in many sectors, except in mining.
  • Improvements are under way in the education and health sectors thanks to increased investments in those sectors, but significant challenges remain, especially with respect to creating an enabling business environment.
  • Eritrea is currently not well-integrated into global value chains, but there is potential for an increased internationalisation of production and trade for mineral and agrofood exports.

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


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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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