Africa’s Lion Awakens

COVER STORY: KENYA – REBIRTH OF A NATION   By Dan Keeler   With a new constitution, bold economic targets and an ambitious social development strategy, Kenya is determined to become the new star of Africa. All the signs so ...

 
 
Source
Central bank

Bank of Eritrea

International Reserves

N/A

Source
Gross Domestic Product - GDP

USD 6.7 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 10.0 billion (2018, estimate)

Real GDP growth
2007* 2008* 2009* 2010* 2011* 2012* 2013*
1.4% -9.8% 3.9% 2.2% 8.7% 7% 4.7%
2014* 2015* 2016* 2017* 2018*    
2.9% 2.6% 1.9% 5% 4.2%    

*Estimate

GDP per capita - current prices

USD 1,111.5 (2018, estimate)

GDP per capita - PPP

Intl$ 1,656.5 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
N/A N/A 0.01% 0.01% 0.007%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 11.7% 
  • industry: 29.6% 
  • services: 58.7%

(2018 estimate)

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

N/A

Inflation
2015 2016 2017 2018* 2019*
28.5% -5.6% -13.3% -14.4% -27.6%

*Estimate

Unemployment rate
2015 2016 2017 2018 2019
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)
2015 2016 2017 2018* 2019*
190.3% 170.1% 196.2% 174.3% 165.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-3.2% 3.9% 1.8%

10.9%

0.6%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody': N/A

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD 0.3 billion (2018 estimate)

Current account balance by percentage of GDP

16.6 % (2018 estimate)

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

14.4% (2011)

Shares in world total merchandising export

0.003% (2018)

Shares in world total commercial services export

N/A

Total exports

N/A

Export commodities

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

Total imports

N/A

 
 
Source
Import commodities

Machinery, petroleum products, food, manufactured goods

Exports - major partners

China 62%, South Korea 28.3% (2017)

Imports - major partners

UAE 14.5%, China 13.2%, Saudi Arabia 13.2%, Italy 12.9%, Turkey 5.6%, South Africa 4.6%(2017)

FDI inflows
2016 2017 2018
USD 52 million USD 55 million USD 61 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
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

​Subcategories:
Starting a Business: 185 out of 190 countries
Dealing with Construction Permits: 186 out of 190 countries
Getting Electricity: 187 out of 190 countries
Registering Property: 178 out of 190 countries
Getting Credit: 186 out of 190 countries
Protecting Minority Investors: 185 out of 190 countries
Paying Taxes: 153 out of 190 countries
Trading across Borders: 188 out of 190 countries
Enforcing Contracts: 107 out of 190 countries
Resolving Insolvency: 168 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 177 / Score: 38.9 (Repressed)

(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

Sunni Muslim, Coptic Christian, Roman Catholic, Protestant

Total population
1990 2000 2010* 2015* 2020*
N/A 3.87 million 5.1 million 5.7 million 6.27 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
9.8% 14.4% 26.6% N/A
Population median age

19.9 years 

Population growth rate

0.89% (2018 estimate)

Life expectancy

65.6 years (2018 estimate)

Literacy

Total population: 73.8% 
Male: 82.4% 
Female: 65.5%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Not Free
Political Rights: 7
Civil Liberties: 7 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 1.9%

Mobile: 20.4%

(2017)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

1.31 % (2017)

Mercer Cost of living index

N/A

CO2 emissions

0.18 metric tons per capita (2011)