Eritrea’s Economy is Growing by 17% in 2011

Eritrea’s Economy is Red-Hot

June 15, 2011 (ASMARA) – Eritrea’s economic growth has accelerated to 17% in 2011, giving the Red Sea state the highest growth levels worldwide, according to the latest economic statistics published in the annual Report Buyer’s country information.

Eritrea’s red-hot economy is riding on a wave of mining boom, a strong agriculture sector, and extensive investments being made in infrastructure that has revitalized the economy.

Moreover, the report indicated Eritrea’s economy had grown by 6% in 2010, which mostly came from the successful endeavors reached in the agriculture department. Estimation forecasts for the fiscal year of 2012 shows Eritrea’s economy will grow by 7%, as the output levels at Bisha begin to stabilize.

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