Economy of Eritrea

Economy of Eritrea

Gross Domestic Product 2012

GDP (purchasing power parity): $4.412 billion

GDP real growth rate: 7.5%

GDP per capita (PPP): $800
GDP composition by sector 2012

Agriculture: 11.6%

Industry: 30.6%

Services: 57.8%

Currency: Nakfa (ERN)

Inflation: 5%
Business Languages

The commercial languages include the following;

English
Arabic
Tigrinya
Italian

Transport

The key means of transport in Eritrea include; railway system of 317 kilometres, roads that cover over 4,010 kilometres and water transport mainly on Red sea
Energy

The country has potential for biomass, oil and gas. Hydro power is the major sources of energy in Eritrea

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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