Source
Central bank

N/A

International Reserves

US$ 114 million (Source: World Bank; Data updated: 2011)

Gross Domestic Product - GDP

US$ 4 billion (2014 estimate)

GDP (Purchasing Power Parity)

5 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
-2.7% 1.5% 2.6% -1.0% 1.4% -9.8% 3.9% 2.2%
2011 2012 2013 2014*        
8.7% 7.0% 1.3% 2.3%        

*Estimate

GDP per capita - current prices

US$ 594 (2014 estimate)

GDP per capita - PPP

$711 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.01% 0.01% 0.01%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 11.7% 
  • industry: 26.9% 
  • services: 61.4% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
13.3% 12.3% 12.3% 12.3%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 203 2014*
143.8% 133.0% 125.8% 126.0% 124.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-16.0% -16.2% -13.5% -12.5% -11.6%

*Estimate  

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 Sept 2014)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Eritrea

N/A

 
 
Source
Current account balance

US$ 6 million (2014 estimate)

Current account balance by percentage of GDP

0.16% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

14.4% (2011)

(Data released on Oct 2014)

Shares in world total merchandising export

0% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

N/A

 

Total exports

US$ 496.2 million (2013 estimate) 

Export commodities

livestock, sorghum, textiles, food, small manufactures

Total imports

US$ 1,027 million (2013 estimate) 

 
 
Source
Import commodities

machinery, petroleum products, food, manufactured goods

Exports - major partners

N/A

Imports - major partners

N/A

FDI inflows
2011 2012 2013
US$ 39 million US$ 41 million US$ 44 million
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 0 million US$ 0 million US$ 0 million US$ 0 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 184 out of 189 countries (2013)

Subcategories:

Starting a business: 188 out of 189 countries

Enforcing Contracts: 67 out of 189 countries

Registering Property: 184 out of 189 countries

Getting credit: 186 out of 189 countries

Protecting investors: 115 out of 189 countries

Trading across border: 170 out of 189 countries

Paying Taxes: 150 out of 189 countries

Dealing with Construction Permits: 189 out of 189 countries

Getting Electricity: 95 out of 189 countries

Resolving Insolvency: 189 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

 

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 174 Score: 38.5 (Repressed) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+3

Total area

117,600 sq km

Capital

Asmara (Asmera)

Currency

nakfa (ERN)

Government type

transitional government

Languages

Tigrinya (official), Arabic (official), English (official), Tigre, Kunama, Afar, other Cushitic languages

Religions

Muslim, Coptic Christian, Roman Catholic, Protestant

Total population
1990 2000 2010 2014* 2019**
N/A

3.939 million

5.741 million 6.537 million 7.688 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
9.8% 14% 18% 22%
Population median age

19.1 years (2014 est.)

Population growth rate

2.3% (2014 est.)

Life expectancy

63.51 years  (2014 est.)

Adult literacy

68.9% (2011 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

 

Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2014)

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

Total telephone subscribers as % of population

Fixed  1.0%   Mobile  5.6% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

0.90% (2013)

Cost of living - Mercer 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)

0.1 (2010)