Tag Archives: GDP

Eritrea’s 2015 Economic Outlook

Eritrea's economic growth is projected at 2.1% in 2015
Eritrea’s economic growth is projected at 2.1% in 2015, up from 1.3% in 2013 and 2.0% in 2014, reflecting improved economic activity and increased investment in the mining sector. Continued improvements in public financial management, progress towards implementation of the Drought Resilience and Sustainable Livelihoods Programme (DRSLP) and enhanced skills development have created favorable medium-term prospects. It’s effort to promote growth based on a sectorial strategy, however, is now being threatened by increasing social and territorial disparities.

By Nyende Magidu,

ERITREA is aiming at creating a modern, private sector-led economy (Macro Policy 1994; National Indicative Development Plan 2014-2018). Attaining this objective is, however, compromised by an inadequately enabling investment and business environment, United Nations sanctions, and overall weak macroeconomic conditions.

Real GDP growth is projected to increase from 2.0% in 2014 to 2.1% in 2015, double the rate recorded in 2013, because of increasing investments in the mining sector. Over the medium term, the government sees further prospects in improved trade with Middle-Eastern and Asian countries, additional mining activities, the growth of the food sector and the development of the tourist industry.  Continue reading Eritrea’s 2015 Economic Outlook

EU to Resume Development Assistance to Eritrea

By TesfaNews,

THE European Union this week announced its plan to resume a multi-million-euro development package to Eritrea.

Neven Mimica, the EU Commissioner for International Cooperation and Development told Reuters that the package will help Eritrea to finance development projects on energy and other sectors.

The EU hopes development aid to Eritrea will help in reducing the growing number of Eritreans attempting to reach Europe by addressing first the social and economic hurdles in the country.  Continue reading EU to Resume Development Assistance to Eritrea

Ethiopia: An Analysis of Recent Economic Growth and Potential Challenges

Ethiopia’s recent economic growth are respectable achievements but it may prove fanciful if they fail to consider and address a variety of significant concerns.

By FikreJesus Amahazion,

Nestled in the turbulent Horn of Africa (HOA) region, Ethiopia is Africa’s oldest independent modern nation-state and second most populous.[i]  The second poorest country in the world according to the United Nations Development Programme (UNDP) Multidimensional Poverty Index, [ii] Ethiopia consistently ranks extremely low upon a variety of socioeconomic, development, and human rights indicators. [iii]

Recently however, Ethiopia has experienced economic growth – making it amongst “Africa’s best performing economies.” [iv] This development reiterates the Ethiopian government’s lofty ambitions to attain “middle-income status by 2020.” [v] The validity, sustainability, and possible ramifications of Ethiopia’s purported and ambitious economic transformation in the near future – which could prove beneficial domestically and regionally – merits closer analysis. Continue reading Ethiopia: An Analysis of Recent Economic Growth and Potential Challenges

Eritrea, One of the Fastest Growing Economies in 2014

Fastest-Growing Economies in 2014. Eritrea

By Washington Post,

The Economist Intelligence Unit has released its projections for economic growth in 2014, including the economies that are expected to grow the most this year. The results are telling – and have implications way beyond these 10 countries. Continue reading Eritrea, One of the Fastest Growing Economies in 2014

Credit Suisse: Eritrea’s Wealth Per Capita Higher by 13%

Credit Suisse Research Institute – Global Wealth Databook 2013 – Eritrea Report

By Madote,

In a sign of economic growth, Credit Suisse, a Switzerland-based multinational financial service and research institute, finds household wealth in Eritrea increased at an impressive rate in 2013.

In its latest Global Wealth Report, the institute finds from mid-2012 to mid-2013, Eritrea’s wealth per capita and wealth per adult increased from US$915 to US$1,037 and US$1,883 to US$2,125, respectively. Continue reading Credit Suisse: Eritrea’s Wealth Per Capita Higher by 13%