Tag Archives: Economic Outlook 2014

Eritrea’s 2014 Economic Outlook

Eritrea is currently not well-integrated into global value chains, but there is potential for an increased internationalisation of production and trade for mineral and agrofood exports
Eritrea is currently not well-integrated into global value chains, but there is potential for an increased internationalisation of production and trade for mineral and agrofood exports

By African Development Bank Group,

ERITREA has faced considerable challenges over the years, including variable climate conditions. This has been compounded by restrictive economic policies, political isolation, a significant decline in remittances and scarcity of foreign exchange.

Reflecting these factors, estimated real GDP growth for 2013 fell sharply to 1.1% from 7% the previous year and is projected to increase marginally to 1.9% in 2014.  Continue reading Eritrea’s 2014 Economic Outlook