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.

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Key Facts

Flag:
Capital: Asmara
Area: 118,000 sq km
Total Population 2017: 5.5 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 6.0 Billion
GNI Per Capita 2015: US$ 740
Inflation Rate: 9.00%
Crude Birth Rate (per 1000): 32.00%
Human Development Index (rank / 188): 179
Human Development Index (scale 0 to 1): 0.420
Membership Date: 13/05/1994
Cumulative Approvals (1967-2016): UA 124.7 Million

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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