Eritrea

Eritrea Economic Outlook

Real GDP growth was an estimated 4.2% in 2018, down slightly from 5.0% in 2017, driven mainly by increased investment in the mining and housing construction sectors. The service sector’s growth was estimated at 2.3% in 2018, down slightly from 2.7% in 2017, while industry grew by 1.0% in 2018 and agriculture by 0.9%. Investment in infrastructure development, notably in roads, energy, and irrigation facilities, supported growth.

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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 Hub (RDGE)

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, Director General

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