The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

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