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Economy Eritrea
Flag of Eritrea Eritrea
Population: 4,447,307 (July 2004 est.)
Capital: Asmara
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Tabular Data - The Eritrean Economy

GDP : purchasing power parity - $3.3 billion (2002 est.)
GDP - Real Growth Rate : 2% (2002 est.)
GDP - Per Capita : purchasing power parity - $700 (2002 est.)
GDP - Composition By Sector : agriculture: 12.4%
industry: 25.3%
services: 62.4% (2003 est.)
Population Below Poverty Line : 53% (1993/94)
Inflation Rate (Consumer Prices) : 12.3% (2003)
Labor Force - By Occupation : agriculture 80%, industry and services 20%
Budget : revenues: $235.7 million
expenditures: $375 million, including capital expenditures of $NA (2003 est.)
Industries : food processing, beverages, clothing and textiles
Electricity - Production : 220.5 million kWh (2001)
Electricity - Production by Source : fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
Electricity - Consumption : 205.1 million kWh (2001)
Agriculture - Products : sorghum, lentils, vegetables, corn, cotton, tobacco, coffee, sisal; livestock, goats; fish
Exports : $56 million f.o.b. (2003 est.)
Exports - Commodities : livestock, sorghum, textiles, food, small manufactures (2000)
Exports - Partners : Malaysia 65.7%, Italy 10.5%, France 4.4%, Canada 12.7% (2003 est.)
Imports : $600 million f.o.b. (2003 est.)
Imports - Commodities : machinery, petroleum products, food, manufactured goods (2000)
Imports - Partners : US 42.3%, Italy 20.4%, Turkey 7.2%, Russia 5.7%, France 5.1% (2003 est.)
Debt - External : $311 million (2000 est.)
Economic Aid - Recipient : $77 million (1999)
Currency : nakfa (ERN)
Currency Code : ERN
Exchange Rates : nakfa (ERN) per US dollar - NA (2003), 13.9582 (2002), 11.3095 (2001), 9.5 (2000), 7.6 (1999)
Fiscal Year : Calendar Year

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Data Source: Central Intelligence Agency 2004 World Factbook