![]() | This article needs to be updated.(May 2023) |
![]() A view of Asmara | |
Currency | Eritrean nakfa (ERN) |
---|---|
Calendar year | |
Trade organisations | AU, COMESA, AfDB |
Statistics | |
GDP | |
GDP rank | 156th (nominal) / 156th (PPP) |
GDP growth |
|
GDP per capita | |
GDP by sector | agriculture (11.7%), industry (29.6%), services (58.7%) (2017 est.) |
−14.401% (2018)[1] | |
Population below poverty line | 50% (2004 est.) |
Labour force | 2.71 million (2017 est.) |
Labour force by occupation | agriculture (80%), services and industry (20%) |
Main industries | beverages, cement, clothing and textiles, food processing, light manufacturing, salt |
External | |
Exports | $635.7 million (2017 est.) |
Export goods | food, livestock, small manufactures, sorghum, textiles |
Main export partners | |
Imports | $1.127 billion (2017 est.) |
Import goods | machinery, petroleum products, food, manufactured goods |
Main import partners |
|
Gross external debt | $1.026 billion (31 December 2012 est.) |
Public finances | |
131.2% of GDP (2017 est.) | |
Revenues | $2.029 billion (2017 est.) |
Expenses | $2.601 billion (2017 est.) |
$236.7 million (2017 est.) | |
All values, unless otherwise stated, are in US dollars. |
The economy of Eritrea has undergone extreme changes after the War of Independence.
It experienced considerable growth in recent years, indicated by an improvement in gross domestic product in 2011 of 8.7 percent and in 2012 of 7.5% over 2011,[3] and has a total of $8.090 billion as of 2020. However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product.[4]
Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash. As of 2012, 20 mining companies had obtained licenses to prospect and exploit mines.
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search