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    Eritrea Econom�a 2000

      Econom�a - descripci�n: With independence from Ethiopia on 24 May 1993, Eritrea faced the economic problems of a small, desperately poor country. The economy is largely based on subsistence agriculture, with 80% of the population involved in farming and herding. The small industrial sector consists mainly of light industries with outmoded technologies. Domestic output (GDP) is substantially augmented by worker remittances from abroad. Government revenues come from custom duties and taxes on income and sales. Road construction is a top domestic priority. In the long term, Eritrea may benefit from the development of offshore oil, offshore fishing, and tourism. Eritrea's economic future depends on its ability to master fundamental social and economic problems, e.g., by reducing illiteracy, promoting job creation, expanding technical training, attracting foreign investment, and streamlining the bureaucracy. The most immediate threat to the economy, however, is the possible expansion of the border conflict with Ethiopia, which broke out in May 1998. The hostilities have drained away substantial resources vital to Eritrea's economic development.

      Producto Bruto Interno (PBI): purchasing power parity - $2.9 billion (1999 est.)

      PBI - Indice de Incremento real: 3% (1999 est.)

      PBI - por capital: purchasing power parity - $750 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 18%
      industry: 20%
      services: 62% (1995 est.)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: NA%
      highest 10%: NA%

      Indice de Inflaci�n (precios del consumidor): 9% (1998 est.)

      Fuerza Laboral: NA

      Fuerza Laboral - por ocupaci�n: agriculture 80%, industry and commerce 20%

      Indice de desempleo: NA%

      revenues: $283.9 million
      expenditures: $351.6 million, including capital expenditures of $NA (1997 est.)

      Industrias: food processing, beverages, clothing and textiles

      Industrial production growth rate: NA%

      Electricidad - Producci�n: 177.6 million kWh (1997 est.)

      Electricidad - producci�n por fuente:
      fossil fuel: 100%
      hydro: 0%
      nuclear: 0%
      other: 0% (1997 est.)

      Electricidad - consumci�n: 177.6 million kWh (1997 est.)

      Electricidad - exportaciones: 0 kWh (1997)

      Electricidad - importaciones: 0 kWh (1997)

      Agricultura - productos: sorghum, lentils, vegetables, corn, cotton, tobacco, coffee, sisal; livestock, goats; fish

      Exportaciones: $52.9 million (f.o.b., 1997)

      Exporationes - comodidades: livestock, sorghum, textiles, food, small manufactures

      Exportaciones - socios: Ethiopia 64%, Sudan 17%, Italy 5%, Saudi Arabia 2%, US, Yemen (1997)

      Importaciones: $489.4 million (c.i.f., 1997)

      Importaciones - comodidades: processed goods, machinery, petroleum products

      Importaciones - socios: Saudi Arabia 16%, Italy 14%, UAE 13%, Ethiopia 9%, Germany 6% (1997)

      Deuda - externa: $76 million (1997 est.)

      Ayuda economica - recipiente: $123.1 million (1997)

      Moneda: 1 nafka = 100 cents

      Indice de intercambio: nakfa per US$1 = 9.5 (January 2000), 7.6 (January 1999), 7.2 (March 1998 est.)

      A�o Fiscal: calendar year

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)