HOME ABOUT CONTACT LOGIN SUBSCRIPTION
8 February 2012 ERITREA - BACKGROUND
                Translate to
Login
Logged user:
John Hamlin
Logout
BACKGROUND
Background
Geography
People & Climate
Culture & History
Life & Health
Education & Learning
History Timeline
News & Features
World Service
GOVERNMENT
Government & Politics
US Embassies
Economy
Economics
Foreign Policy & Aid
Trade Policy
Environment
Environmental Agreements
ECONOMIC SECTORS
Banking & Finance
Communications
Energy
Food & Agriculture
Industry & Technology
Science & Nature
Natural Resources
Transportation
RESEARCH DATA & STATS
Country Comparisons
International Issues
IMF Reports
Industry Reports
World Affairs
Market Data
UN Trade Stats
UNCTAD/WTO Stats
Stats - Graphs
OPPORTUNITIES
Business Opportunities
Trade Opportunities
Exports
Imports
Trade Performance
Trade Statistics
Research
Survey
HELP & GUIDANCE
Business
Trade
Model Contracts, Rules

Return to COUNTRY PROFILES


Government Type transitional government
note: following a successful referendum on independence for the Autonomous Region of Eritrea on 23-25 April 1993, a National Assembly, composed entirely of the People's Front for Democracy and Justice or PFDJ, was established as a transitional legislature; a Constitutional Commission was also established to draft a constitution; ISAIAS Afworki was elected president by the transitional legislature; the constitution, ratified in May 1997, did not enter into effect, pending parliamentary and presidential elections; parliamentary elections had been scheduled to take place in December 2001, but were postponed indefinitely; currently the sole legal party is the People's Front for Democracy and Justice (PFDJ)
Legal System primary basis is the Ethiopian legal code of 1957, with revisions; new civil, commercial, and penal codes have not yet been promulgated; also relies on customary and post-independence-enacted laws and, for civil cases involving Muslims, Sharia law
Currency nakfa (ERN)
Economic Overview Since independence from Ethiopia on 24 May 1993, Eritrea has faced the economic problems of a small, desperately poor country. Like the economies of many African nations, the economy is largely based on subsistence agriculture, with 80% of the population involved in farming and herding. The Ethiopian-Eritrea war in 1998-2000 severely hurt Eritrea's economy. GDP growth fell to zero in 1999 and to -1% in 2000. The May 2000 Ethiopian offensive into northern Eritrea caused some $600 million in property damage and loss, including losses of $225 million in livestock and 55,000 homes. The attack prevented planting of crops in Eritrea's most productive region, causing food production to drop by 62%. Even during the war, Eritrea developed its transportation infrastructure, asphalting new roads, improving its ports, and repairing war damaged roads and bridges. Since the war ended, the government has maintained a firm grip on the economy, expanding the use of the military and party-owned businesses to complete Eritrea's development agenda. Erratic rainfall and the delayed demobilization of agriculturalists from the military kept cereal production well below normal, holding down growth in 2002. Eritrea's economic future depends upon its ability to master social problems such as illiteracy, unemployment, and low skills, and to open its economy to private enterprise so the diaspora's money and expertise can foster economic growth.
Natural Resources gold, potash, zinc, copper, salt, possibly oil and natural gas, fish
Primary Industries food processing, beverages, clothing and textiles
Agricultural Products sorghum, lentils, vegetables, corn, cotton, tobacco, coffee, sisal; livestock, goats; fish
Import Commodities machinery, petroleum products, food, manufactured goods (2000)
Export Commodities livestock, sorghum, textiles, food, small manufactures (2000)
Export Partners Sudan 27.2%, Ethiopia 26.5%, Japan 13.2%, UAE 7.3%, Italy 5.3% (2001)


AIRPORTS of Eritrea
Asmara Intīl Airport Asmara Detals


Datamatrix-Uk Limited
Copyright 1993 - 2006
Terms of Use Private Policy Acknowledgements Legal