Labor force | 1.8 million (2023 est.) |
---|---|
Industrial production growth rate | 4.3% (2014 est.) |
Industries | food processing, beverages, clothing and textiles, light manufacturing, salt, cement |
Population below poverty line | |
Taxes and other revenues | 34.9% (of GDP) (2017 est.) |
Fiscal year | |
Exchange rates | |
Currency | nakfa (ERN) per US dollar - |
Exchange rates 2023 | 15.075 (2023 est.) |
Exchange rates 2022 | 15.075 (2022 est.) |
Exchange rates 2021 | 15.075 (2021 est.) |
Exchange rates 2020 | 15.075 (2020 est.) |
Exchange rates 2019 | 15.075 (2019 est.) |
Debt - external | |
Debt - external 2022 | $471.009 million (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2019 | $191.694 million (2019 est.) |
Reserves of foreign exchange and gold 2018 | $163.034 million (2018 est.) |
Reserves of foreign exchange and gold 2017 | $143.412 million (2017 est.) |
Current account balance | |
Current account balance 2017 | -$137 million (2017 est.) |
Current account balance 2016 | -$105 million (2016 est.) |
Public debt | |
Public debt 2017 | 131.2% of GDP (2017 est.) |
Budget | |
Revenues | $633 million (2018 est.) |
Expenditures | $549 million (2018 est.) |
Budget surplus (+) or deficit (-) | |
Imports | |
Imports 2017 | $1.127 billion (2017 est.) |
Imports 2016 | $1.048 billion (2016 est.) |
Imports (partners) | China 34%, UAE 26%, Turkey 12%, US 7%, India 4% (2022) |
Comodities Imports force | ships, sorghum, wheat, construction vehicles, other foods (2022) |
Exports | |
Imports 2017 | $1.127 billion (2017 est.) |
Imports 2016 | $1.048 billion (2016 est.) |
Exports (partners) | China 52%, UAE 33%, South Korea 9%, Japan 2%, Madagascar 2% (2022) |
Comodities Exports force | zinc ore, gold, copper ore, wheat, garments (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2017 | $9.702 billion (2017 est.) |
Real GDP (purchasing power parity) 2016 | $8.953 billion (2016 est.) |
Real GDP (purchasing power parity) 2015 | $8.791 billion (2015 est.) |
GDP (official exchange rate) | $5.813 billion (2017 est.) |
Real GDP Per capita | |
Real GDP per capita 2017 | $1,600 (2017 est.) |
Real GDP per capita 2016 | $1,500 (2016 est.) |
Real GDP per capita 2015 | $1,500 (2015 est.) |
GDP - composition, by sector of origin | |
Agriculture | 11.7% (2017 est.) |
Industry | 29.6% (2017 est.) |
Services | 58.7% (2017 est.) |
GDP - composition, by end use | |
Household consumption | 80.9% (2017 est.) |
Government consumption | 24.3% (2017 est.) |
Investment in fixed capital | 6.4% (2017 est.) |
Investment in inventories | 0.1% (2017 est.) |
Exports of goods and services | 10.9% (2017 est.) |
Imports of goods and services | -22.5% (2017 est.) |
Unemployment rate | |
Unemployment rate 2023 | 5.87% (2023 est.) |
Unemployment rate 2022 | 5.94% (2022 est.) |
Unemployment rate 2021 | 6.34% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 10% (2023 est.) |
Male | 8.9% (2023 est.) |
Female | 11.3% (2023 est.) |
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