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Eritrea

Eritrea Economic Outlook

Real GDP is estimated to have fallen to 3.1% in 2019 due to subdued final demand of investment and exports. On the supply side, mining and agriculture remained the dominant contributors to real GDP growth. On the demand side, government investment in infrastructure— notably in energy, roads, and irrigation— underpins growth.

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Key Facts

Flag:
Capital: Asmara
Area: 118,000 sq km
Total Population 2017: 5.5 Million...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 6.0 Billion
GNI Per Capita 2015: US$ 740
Inflation Rate: 9.00%
Crude Birth Rate (per 1000): 32.00%
Human Development Index (rank / 188): 179
Human Development Index (scale 0 to 1): 0.420
Membership Date: 13/05/1994
Cumulative Approvals (1967-2016): UA 124.7 Million

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Contacts

East Africa Regional Hub (RDGE)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya
Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, Director General