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	<title>Our Economy &#187; Eritrea Economy</title>
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		<title>Eritrea Economy</title>
		<link>http://www.oureconomy.org/world-economy/eritrea-economy/eritrea-economy/</link>
		<comments>http://www.oureconomy.org/world-economy/eritrea-economy/eritrea-economy/#comments</comments>
		<pubDate>Wed, 13 Jan 2010 02:48:41 +0000</pubDate>
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				<category><![CDATA[Eritrea Economy]]></category>
		<category><![CDATA[agrarian economy]]></category>
		<category><![CDATA[agriculture]]></category>
		<category><![CDATA[capita]]></category>
		<category><![CDATA[cotton fruit]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Eritrea]]></category>
		<category><![CDATA[force]]></category>
		<category><![CDATA[fruit and vegetables]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[labor]]></category>
		<category><![CDATA[main exports]]></category>
		<category><![CDATA[medium sized businesses]]></category>
		<category><![CDATA[private enterprises]]></category>
		<category><![CDATA[world bank atlas]]></category>

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		<description><![CDATA[The economy of Eritrea is said to be agriculture based one with 80% of total labor force. Its annual growth rate is about 4.8%. Economic indicators were the following. The GDP touched $700 million, per capita income was $900, per capita GNI calculated $180 according to World Bank Atlas method in 2004. The economy of [...]]]></description>
			<content:encoded><![CDATA[<p>The economy of Eritrea is said to be agriculture based one with 80% of total labor force. Its annual growth rate is about 4.8%.</p>
<p>Economic indicators were the following. The GDP touched $700 million, per capita income was $900, per capita GNI calculated $180 according to World Bank Atlas method in 2004.</p>
<p>The economy of Eritrea is known as an agrarian economy. We observe cotton, fruit and vegetables, hides, meat among main exports.</p>
<p>Besides, there does exist an industrial sector which actually needs skilled labor and infrastructure. Several natural resources, such as copper, zinc, lead, gold, make a contribution to economic growth of the country.</p>
<p>Nationalization of large and medium-sized businesses was taking place till 1991. In 2002 though about 2,000 manufacturing companies, 45 private enterprises were waiting privatization.</p>
<p>Moreover, a fishing area and a tourism are also the points of Eritrean economy.</p>
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