Economy of Eritrea

Imports

Imports commoditiesmachinery, petroleum products, food, manufactured goods

Exports

Exports commoditieslivestock, sorghum, textiles, food, small manufactures

Economy sectors

Agriculture productssorghum, lentils, vegetables, corn, cotton, tobacco, sisal; livestock, goats; fish

Industrial productsfood processing, beverages, clothing and textiles, light manufacturing, salt, cement

Economy

Inflation17.0 % (2012)20.0 % (2011)

Unemployment7.90 % (2012)7.90 % (2011)8.10 % (2010)

GDP - Official Exchange Rate3.44 Billion $ (2013)3.05 Billion $ (2012)2.61 Billion $ (2011)

GDP growth rate7.00 % (2013)7.00 % (2012)8.70 % (2011)

GDP per Capita (PPP)1,200 $ (2013)700 $ (2012)700 $ (2011)

GDP - Purchasing Power Parity4.72 Billion $ (2013)4.35 Billion $ (2012)4.10 Billion $ (2011)

GDP PPP per land area40,111 $ per square kilometer (2013)36,981 $ per square kilometer (2012)34,889 $ per square kilometer (2011)

Electricity

GDP decomposition by sector

Agriculture % of GDP11.7 % (2013)12.2 % (2012)

Industry % of GDP26.9 % (2013)26.9 % (2012)

Services % of GDP61.4 % (2013)60.8 % (2012)

Tourism

International tourism, number of arrivals107 Thousand (2011)84,000 (2010)79,000 (2009)

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)105 % of GDP (2013)126 % of GDP (2012)119 % of GDP (2011)

External Debt Stocks (Percentage of GNI)32.4 % of GNI (2012)40.8 % of GNI (2011)49.7 % of GNI (2010)

Short-term debt (percentage of total external debt)1.88 % of total external debt (2012)1.74 % of total external debt (2011)1.55 % of total external debt (2010)

Current Account Balance (Total)-210.10 Million $ (2013)-110.50 Million $ (2012)-127.80 Million $ (2011)

External Debt (Total)1.09 Billion $ (2013)1.06 Billion $ (2012)1.01 Billion $ (2011)

External Debt (Percentage of GDP)31.8 % of GDP (2013)34.7 % of GDP (2012)38.8 % of GDP (2011)

External Debt per Capita175 $ (2013)174 $ (2012)171 $ (2011)