Eritrea

Eritrea Economic Outlook

  • Real GDP growth slowed down to 3.8% in 2016 from 4.8% in 2015, reflecting challenges in the business and investment environment and capacity gaps in government institutions.
  • The government’s decision to access supplemental-support resources from the AfDB’s Transition Support Facility (TSF) to scale up investments in agriculture should strengthen resilience and improve livelihoods for the majority of the rural population.
  • Eritrea’s rich entrepreneurial tradition, despite constraints including the energysupply deficit, skills mismatch and poor telecommunication infrastructure, provides opportunities for private-sector growth and industrialisation.

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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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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