exxun.com logo
Evolving xxlarge UNion - thousands of windows on the world - constantly updated
Level1 icon Home   Level1 icon Countries   Level1 icon Flags   Level1 icon Maps   Level1 icon Reference Maps   Level1 icon Newsletter subscription   Level1 icon Advertise with us
Fields icon FieldsWorld Records icon World RecordsWorld Dictionary icon World DictionaryGeographic Names icon Geographic NamesFields History icon Fields History
Chiefs of State - World Leaders icon Chiefs of StateInternational Organizations icon Intl. OrganizationsInternational Environmental Agreement icon Intl. Environmental Agree.Other References icon Other ReferencesNotes and Definitions icon Notes and Definitions
flag
Eritrea
Hagere Ertra
mapmap
Background | Geography | People | Government | Chiefs of State | Economy | Communications | Transportation
Military | Transnational Issues | Time - Weather - Hotels - Music | Official sites | News | Search Engine | Ranking | more...
Terre di Castelmagno Genepy
Gli alti pascoli, la mano esperta del casaro, le grotte naturali sono elementi inscindibili di questo prestigioso formaggio.
www.terredicastelmagno.com
Tasso & Candeloro
COSTRUZIONI. Realizzano da oltre vent'anni immobili residenziali, commerciali ed industriali. Immobili di elevata qualità
www.tassoecandeloro.it
Stay Inside
The new frontier of the music - free music, rock, lyrics, song, mp3, download, author, rock
www.edixxon.com/stay_inside
Cometec - Sottovuoto
Progettiamo e costruiamo sigillatrici per vaschette in atmosfera protettiva e macchine sottovuoto a campana per buste
www.cometec.it
TranslationUnited States flaggreen arrowSpain flagFrance flagGermany flagItaly flagPortugal flag
EconomyEritrea
Field = Fields World Record = World Records  = Dictionary Bar Graph = Bar graph Distribution Maps = Distribution map Field History = Fields History Definitions = Definitions

Economy - overview:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

Since independence from Ethiopia in 1993, Eritrea has faced the economic problems of a small, desperately poor country, accentuated by the recent implementation of restrictive economic policies. Eritrea has a command economy under the control of the sole political party, the People's Front for Democracy and Justice (PFDJ). Like the economies of many African nations, the economy is largely based on subsistence agriculture, with 80% of the population involved in farming and herding. The Ethiopian-Eritrea war in 1998-2000 severely hurt Eritrea's economy. GDP growth fell to zero in 1999 and to -12.1% in 2000. The May 2000 Ethiopian offensive into northern Eritrea caused some $600 million in property damage and loss, including losses of $225 million in livestock and 55,000 homes. The attack prevented planting of crops in Eritrea's most productive region, causing food production to drop by 62%. Despite the fighting, Eritrea developed its transportation infrastructure, asphalting new roads, improving its ports, and repairing war-damaged roads and bridges. Since the war's conclusion, the government has maintained a firm grip on the economy, expanding the use of the military and party-owned businesses to complete Eritrea's development agenda. The government strictly controls the use of foreign currency by limiting access and availability. Few private enterprises remain in Eritrea. Eritrea's economy depends heavily on taxes paid by members of the diaspora. Erratic rainfall and the delayed demobilization of agriculturalists from the military continue to interfere with agricultural production, and Eritrea's recent harvests have been unable to meet the food needs of the country. The Government continues to place its hope for additional revenue on the development of several international mining projects. Despite difficulties for international companies in working with the Eritrean Government, a Canadian mining company signed a contract with the Government in 2007 and plans to begin mineral extraction in 2010. Eritrea's economic future depends upon its ability to master social problems such as illiteracy, unemployment, and low skills, and more importantly, on the government's willingness to support a true market economy.

GDP (purchasing power parity):
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$4.101 billion (2009 est.)
$4.001 billion (2008 est.)
$3.923 billion (2007 est.)
note: data are in 2009 US dollars

GDP - per capita (PPP):
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$700 (2009 est.)
$700 (2008 est.)
$700 (2007 est.)
note: data are in 2009 US dollars

GDP (official exchange rate):
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$1.694 billion (2009 est.)

GDP - real growth rate:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

2.5% (2009 est.)
2% (2008 est.)
1% (2007 est.)

GDP - composition by sector:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

agriculture: 17.3%
industry: 23.2%
services: 59.5% (2009 est.)

Investment (gross fixed):
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

18.7% of GDP (2009 est.)

Population below poverty line:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

50% (2004 est.)

Household income or consumption by percentage share:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

lowest 10%: NA%
highest 10%: NA%

Distribution of family income - Gini index:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Inflation rate (consumer prices):
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

15.5% (2009 est.)
18% (2008 est.)

Central bank discount rate:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Commercial bank prime lending rate:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

NA% (31 December 2008)

Stock of money:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$896.2 million (31 December 2008)
$749.1 million (31 December 2007)

Stock of money - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

159 USD per capita

Stock of quasi money:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$1.053 billion (31 December 2008)
$932.9 million (31 December 2007)

Stock of quasi money - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

187 USD per capita

Stock of domestic credit:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$1.851 billion (31 December 2008)
$1.711 billion (31 December 2007)

Stock of domestic credit - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

328 USD per capita

Labor force:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

1.935 million NA

Labor force participation rate:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

34.26 % of population

Labor force - by occupation:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

agriculture: 80%
industry and services: 20% (2004 est.)

Unemployment rate:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

NA% est.)

Budget:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

revenues: $232.7 million
expenditures: $576.1 million (2009 est.)

Budget revenues per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

42 USD per capita

Public debt:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Industries:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

food processing, beverages, clothing and textiles, light manufacturing, salt, cement

Industrial production growth rate:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

2.5% (2009 est.)

Electricity - production:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

271 million kWh (2007 est.)

Electricity - production per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

48 kWh per capita

Electricity - consumption:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

228 million kWh (2007 est.)

Electricity - consumption - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

41 kWh per capita

Electricity - exports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 kWh (2008 est.)

Electricity - imports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 kWh (2008 est.)

Oil - production:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 bbl/day (2008 est.)

Oil - production per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Oil - consumption:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

5,000 bbl/day (2008 est.)

Oil - consumption - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0.32 bbl/year per capita

Oil - exports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 bbl/day (2007 est.)

Oil - imports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

4,790 bbl/day (2007 est.)

Oil - proved reserves:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 bbl (1 January 2009 est.)

Natural gas - production:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 cu m (2008 est.)

Natural gas - production per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Natural gas - consumption:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 cu m (2008 est.)

Natural gas - consumption - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Natural gas - exports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 cu m (2008 est.)

Natural gas - imports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 cu m (2008 est.)

Natural gas - proved reserves:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

0 cu m (1 January 2009 est.)

Agriculture - products:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

sorghum, lentils, vegetables, corn, cotton, tobacco, sisal; livestock, goats; fish

Current account balance:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$-254 million (2009 est.)
$-229 million (2008 est.)

Current account balance - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

-44 USD per capita

Exports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$12 million (2009 est.)
$13 million (2008 est.)

Exports per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

3 USD per capita

Exports - commodities:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

livestock, sorghum, textiles, food, small manufactures

Exports - partners:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

Italy 25.3%, Sudan 17.2%, China 15.8%, India 8.8%, France 6.7%, Saudi Arabia 6.5%, Russia 4.1% (2008)

Imports:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$590 million (2009 est.)
$601 million (2008 est.)

Imports per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

105 USD per capita

Imports - commodities:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

machinery, petroleum products, food, manufactured goods

Imports - partners:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

India 28.5%, Saudi Arabia 17.8%, Italy 10.9%, China 8.5%, US 4.4%, Germany 4% (2008)

Reserves of foreign exchange and gold:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$22 million (31 December 2009 est.)
$24 million (31 December 2008 est.)

Reserves of foreign exchange and gold - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

4 USD per capita

Debt - external:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$311 million (2000 est.)

Debt - external - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

56 USD per capita

Stock of direct foreign investment - at home:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Stock of direct foreign investment - at home - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Stock of direct foreign investment - abroad:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Stock of direct foreign investment - abroad - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Market value of publicly traded shares:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Market value of publicly traded shares - per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Economic aid - donor:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

void

Economic aid - recipient:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

$355.2 million

Economic aid - recipient per capita:
Field  World Record  Bar Graph  Distribution Map  Field History  Notes and Definitions

63 USD per capita

Currency (code):
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

nakfa (ERN)

Exchange rates:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

nakfa (ERN) per US dollar - 15.5 (2009), 15.38 (2008), 15.5 (2007), 15.4 (2006), 14.5 (2005)
note: the official exchange rate is 15 nakfa to the dollar

Fiscal year:
Field  Dictionary  Bar Graph  Distribution Map  Field History  Notes and Definitions

calendar year
Field = Fields World Record = World Records  = Dictionary Bar Graph = Bar graph Distribution Maps = Distribution map Field History = Fields History Definitions = Definitions


This page was last updated on 30 January, 2010

Virtual Library:
for the news subscribe the monthly newsletter

Design: Homeware - the best of "made in Italy" and much more..., Brands, Designers, Products.
History: Madonna de la Sanitate - 1504: i prodigiosi fatti di Tirano. Storia - Mito - Fede
Search Engine: edixxon.com - matching interests, your interests can be the same as ours - search them.
Coins: Private Collection by coinpc - World Coins - Medals, Rare and not, more than 700 pics.
Art: Louis Poyet - un vero maestro dell'arte della moltiplicazione delle immagini per mezzo della stampa.
Art: Museo Virtuale d’Arte - La Raccolta della Fondazione Cariplo: dal Classico al Neoclassico, Ottocento e Novecento.
Art: Mario Radice - Grande esponente dell'astrattismo italiano. Pittore, scultore e cultore di problemi d'architettura.
Music: Stay Inside - the new frontier of the music - free music, rock, lyrics, song, mp3, download, author, rock.
Electronics: Standard Production - Advanced Electronics - Truth Machine, The world Smallest Radio, Mini Table...
Science: Ing. Gianfranco Magrini - Science, Engineering, Transportation, Tunnels, Tubo del Lago di Como, Footballpoint...
Computer: Storia del Computer - Quattro secoli di storia con oltre 1000 immagini.
Food: Di grano antico - Elogio dei Pizzoccheri di Teglio. Con la Ricetta ufficiale dell’Accademia del Pizzocchero di Teglio

Search Engine:
ambrowser-search | google | wikia | bing | edixxon | findtarget | clusty | canadaspace | entireweb | links | find.com | searchme |

© 2002/2010 exxun.com. All rights reserved. Contact us | Privacy Policy | Please report errors and dead links to Webmaster.