Wednesday, July 17, 2024

Eritrea Economy 7-17-24

Nominal GDP $1.982B, Per capita GDP $56.73, Population 3,748,901, Debt to GDP 146.0%. Inflation 12.7%, Unemployment 5.9%, Labor Force Participation 62.6%, Land Area 45,406 sq miles, Arable Land 5.7%, Urban 40% Rural 60%. Exports $789M, Imports $441M, Trade Surplus $348M.

The top exports of Eritrea are Zinc Ore ($310M), Gold ($263M), Copper Ore ($192M), Wheat ($14.9M), and Non-Knit Women's Suits ($4.08M), exporting mostly to China ($412M), United Arab Emirates ($263M), South Korea ($74.3M), Japan ($15.5M), and Madagascar ($14.9M).

The top imports of Eritrea are Other Sea Vessels ($29.3M), Sorghum ($27M), Wheat Flours ($22.7M), Other Edible Preparations ($15.4M), and Refined Petroleum ($12.9M), importing mostly from China ($148M), United Arab Emirates ($114M), Turkey ($53.7M), United States ($31.5M), and India ($17.5M).

Norb Leahy, Dunwoody GA Tea Party Leader

 

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