Eritrea GDP Data & Country Report

Eritrea Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Eritrea; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

N/A

International Reserves

US$ 114.15 million (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 2.59 billion (2006 estimate)

GDP (Purchasing Power Parity)

3.955 billion of International dollars (2006 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
-12.4%	8.8%	3%	-2.7%	1.5%	2.6%	-1%	1.4%
2008	2009	2010	2011*
-9.8%	3.9%	2.2%	7.9%

*Estimate

GDP per capita - current prices

US$ 472 (2006 estimate)

GDP per capita - PPP

$720 International Dollars (2006 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
N/A	N/A	0.01%	0.01%	0.01%

**Forecast

GDP - composition by sector

agriculture: 11%
industry: 34%
services: 55% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
19.9%(2008)	33%	12.7%	13.3%

*Estimate

Unemployment rate

2008	2009	2010	2011*
N/A	N/A	N/A(2009)	N/A

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
152.2%	165.2%	145.7%	144.8%	134.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-15.7%	-21.1%	-14.7%	-14.6%	-12.9%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in Eritrea

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -24 million (2008 estimate)(After 2008)

Current account balance by percentage of GDP

-0.9% of GDP (2006 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

6.3% (2007)

(Data released on December 2010)

Shares in world total merchandising export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

N/A(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$25 million f.o.b. (2010 estimate)

Export commodities

livestock, sorghum, textiles, food, small manufactures

Total imports

US$601 million f.o.b. (2008 estimate)

Import commodities

machinery, petroleum products, food, manufactured goods

Exports - major partners

Italy 34.4%, China 16.2%, Sudan 15.2%, France 9.4%, Saudi Arabia 5.2%, Australia 4.4% (2007)

Imports - major partners

Saudi Arabia 19.1%, Italy 15.1%, China 11.1%, Turkey 8.3%, Germany 7.2%, Ukraine 5.1% (2007)

FDI inflows

2008	2009	2010
N/A	N/A(2009)	US$56 million(2009)

FDI outflows

2008	2009	2010
N/A	N/A	N/A

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 180 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 180 out of 183 countries(2009)

Registering property: 178 out of 183 countries

Paying Taxes: 113 out of 183 countries

Getting credit: 176 out of 183 countries

Protecting investors: 109 out of 183 countries

Trading across border: 165 out of 183 countries

Enforcing Contracts: 48 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 176 Score: 36.7 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+3

Total area

117,600 km² (2006)

Capital

Asmara (Asmera) (2009)

Currency

nakfa (ERN) (2009)

Government type

transitional government (2009)

Languages

Afar, Arabic, Tigre and Kunama, Tigrinya, other Cushitic languages

Religions

Muslim, Coptic Christian, Roman Catholic, Protestant

Total population

1980	1990	2000	2010*	2015**
N/A	N/A	3.56 million	5.32 million	6.17 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
9.8%	14.4%	17.8%	21.2%

Population median age

18.0 years (2006)

Population growth rate

2.9% (2009)

Life expectancy

58 years (2007)

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:7
Civil Liberties:7 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

4.56% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

5.4% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

0.084 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Eritrea GDP Data & Country Report | Global Finance