Source
Central bank

Bank of Eritrea

International Reserves

USD 0.1 billion (2011)

World Bank, data retrieved January 2017

Source
Gross Domestic Product - GDP

USD 6.1 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 9.7 billion (2017, estimate)

Real GDP growth
2006 2007* 2008* 2009* 2010* 2011* 2012*
-1% 1.4% -9.8% 3.9% 2.2% 8.7% 7%
2013* 2014* 2015* 2016* 2017*    
3.1% 5% 4.8% 3.7% 3.3%    

*Estimate

GDP per capita - current prices

USD 844.1 (2017, estimate)

GDP per capita - PPP

Intl$ 1,349.5 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.01% 0.01% 0.008%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 12.1% 
  • industry: 29.5% 
  • services: 58.5%

(2016 estimate)

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

N/A

Inflation
2013* 2014* 2015* 2016* 2017*
6.5% 10.0% 9.0% 9.0% 9.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013* 2014* 2015* 2016* 2017*
128.4% 126.5% 127.1% 125.5% 127.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013* 2014* 2015* 2016* 2017*
-15.1% -14.4% -14.2% -14% -13.8%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody': N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD 0.1 billion (2017 estimate)

Current account balance by percentage of GDP

0.9% (2017 estimate)

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

14.4% (2011)

Shares in world total merchandising export

0.003% (2015)

Shares in world total commercial services export

N/A

Total exports

USD 485.2 millions (2016 estimate)

Export commodities

Gold and other minerals, livestock, sorghum, textiles, food, small industry manufactures

Total imports

USD 1.0 billion (2016 estimate)

 
 
Source
Import commodities

Machinery, petroleum products, food, manufactured goods

Exports - major partners

N/A

Imports - major partners

N/A

FDI inflows
2013 2014 2015
USD 44 million USD 47 million USD 49 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 189 out of 190 countries (2016)

Subcategories:

Starting a business: 186 out of 190 countries

Enforcing Contracts: 121 out of 190 countries

Registering Property: 178 out of 190 countries

Getting credit: 185 out of 190 countries

Protecting investors: 165 out of 190 countries

Trading across border: 189 out of 190 countries

Paying Taxes: 147 out of 190 countries

Dealing with Construction Permits: 187 out of 190 countries

Getting Electricity: 141 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 173 / Score: 42.7 (Repressed) (2017)

(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

Presidential republic

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* 2016* 2021*
N/A 4.127 million 5.71 million 6.938 million 8.161 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
10% 14% 18% N/A
Population median age

19.4 years (2016 estimate)

Population growth rate

0.81% (2016 estimate)

Life expectancy

64.9 years (2016 estimate)

Literacy

Total population: 73.8%
Male: 82.4%
Female: 65.5% (2015 est.)

(age 15 and over can read and write) 

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 0.98%   Mobile 7.05% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

1.08% (2015)

Mercer Cost of living index

N/A

CO2 emissions

N/A