Attribute | Value |
---|---|
Geography | |
Area | 117,600 km² |
Continent | Africa |
Land area | 101,000 km² |
Water area | 16,600 km² |
Land boundaries | 1,840 km |
Border countries |
|
Coastline | 2,234 km |
Mean elevation | 853 m |
Lowest point | -75 m |
Highest point | 3,018 m |
People | |
Population | 6,081,196 |
Official languages |
|
Religion | Sunni Muslim, Coptic Christian, Roman Catholic, Protestant |
Government | |
Long country name | State of Eritrea |
Short country name | Eritrea |
Long local name | Hagere Ertra |
Short local name | Ertra |
Former name |
|
Government type | Presidential republic |
Capital | Asmara |
Economy | |
GDP (PPP) | 9,402,000,000 USD |
GDP (OER) | 5,813,000,000 USD |
GDP (real growth rate) | 5 % |
GDP - per capita (PPP) | 1,600 USD |
Gross national saving | 5.5 % of GDP |
Labor force | 2,710,000 |
Unemployment rate | 5.8 % |
Population below poverty line | 50 % |
Budget revenues | 2,029,000,000 USD |
Budget expenditures | 2,601,000,000 USD |
Military expenditures | Add |
Taxes and other revenues | 34.9 % of GDP |
Budget surplus or deficit | -9.8 % of GDP |
Public debt | 131.2 % of GDP |
Inflation rate | 9 % |
Central bank discount rate | Add |
Commercial bank prime lending rate | Add |
Stock of narrow money | 3,084,000,000 USD |
Stock of broad money | 3,084,000,000 USD |
Stock of domestic credit | 5,787,000,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -137,000,000 USD |
Exports | 624,300,000 USD |
Imports | 1,127,000,000 USD |
Reserves of foreign exchange and gold | 236,700,000 USD |
External debt | 792,700,000 USD |
National currency | nakfa |
National currency (code) | ERN |
National currency (symbol) | Add |
National currency rate to USD | 15.38 |
After independence from Italian colonial control in 1941 and 10 years of British administrative control, the UN established Eritrea as an autonomous region within the Ethiopian federation in 1952. Ethiopia's full annexation of Eritrea as a province 10 years later sparked a violent 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating government forces. Eritreans overwhelmingly approved independence in a 1993 referendum. ISAIAS Afwerki has been Eritrea's only president since independence; his rule, particularly since 2001, has been highly autocratic and repressive. His government has created a highly militarized society by pursuing an unpopular program of mandatory conscription into national service – divided between military and civilian service – of indefinite length. A two-and-a-half-year border war with Ethiopia that erupted in 1998 ended under UN auspices in December 2000. A UN peacekeeping operation was established that monitored a 25 km-wide Temporary Security Zone. The Eritrea-Ethiopia Boundary Commission (EEBC) created in April 2003 was tasked "to delimit and demarcate the colonial treaty border based on pertinent colonial treaties (1900, 1902, and 1908) and applicable international law." The EEBC on 30 November 2007 remotely demarcated the border, assigning the town of Badme to Eritrea, despite Ethiopia's maintaining forces there from the time of the 1998-2000 war. Eritrea insisted that the UN terminate its peacekeeping mission on 31 July 2008. More than a decade of a tense “no peace, no war” stalemate ended in 2018 after the newly elected Ethiopian Prime Minister accepted the EEBC’s 2007 ruling, and the two countries signed declarations of peace and friendship in July and September. Following the July 2018 peace agreement with Ethiopia, Eritrean leaders engaged in intensive diplomacy around the Horn of Africa, bolstering regional peace, security, and cooperation, as well as brokering rapprochements between governments and opposition groups. In November 2018, the UN Security Council lifted an arms embargo that had been imposed on Eritrea since 2009, after the UN Somalia-Eritrea Monitoring Group reported they had not found evidence of Eritrean support in recent years for Al-Shabaab.