Compare Eritrea (2007) - Eritrea (2008)

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	Eritrea (2007)	Eritrea (2008)

Background	Eritrea was awarded to Ethiopia in 1952 as part of a federation. Ethiopia's annexation of Eritrea as a province 10 years later sparked a 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating governmental forces; independence was overwhelmingly approved in a 1993 referendum. A two-and-a-half-year border war with Ethiopia that erupted in 1998 ended under UN auspices in December 2000. Eritrea currently hosts a UN peacekeeping operation that is monitoring a 25 km-wide Temporary Security Zone on the border with Ethiopia. An international commission, organized to resolve the border dispute, posted its findings in 2002. However, both parties have been unable to reach agreement on implementing the decision. In November 2006, the international commission informed Eritrea and Ethiopia they had one year to demarcate the border or the border demarcation would be based on coordinates.	Eritrea was awarded to Ethiopia in 1952 as part of a federation. Ethiopia's annexation of Eritrea as a province 10 years later sparked a 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating governmental forces; independence was overwhelmingly approved in a 1993 referendum. A two-and-a-half-year border war with Ethiopia that erupted in 1998 ended under UN auspices in December 2000. Eritrea currently hosts a UN peacekeeping operation that is monitoring a 25 km-wide Temporary Security Zone (TSZ) on the border with Ethiopia. An international commission, organized to resolve the border dispute, posted its findings in 2002. However, both parties have been unable to reach agreement on implementing the decision. On 30 November 2007, the Eritrea-Ethiopia Boundary Commission remotely demarcated the border by coordinates and dissolved itself, leaving Ethiopian still occupying several tracts of disputed territory, including the town of Badme. Eritrea accepted the EEBC's "virtual demarcation" decision and called on Ethiopia to remove its troops from the TSZ which it states is Eritrean territory. Ethiopia has not accepted the virtual demarcation decision.
Budget	revenues: $234.6 million expenditures: $424.7 million (2006 est.)	revenues: $232.7 million expenditures: $467.6 million (2007 est.)
Diplomatic representation from the US	chief of mission: Ambassador Ronald MCMULLEN embassy: 179 Ala Street, Asmara mailing address: P. O. Box 211, Asmara telephone: [291] (1) 120004 FAX: [291] (1) 127584	chief of mission: Ambassador Ronald MCMULLEN embassy: 179 Alaa Street, Asmara mailing address: P. O. Box 211, Asmara telephone: [291] (1) 120004 FAX: [291] (1) 127584
Economy - overview	Since independence from Ethiopia in 1993, Eritrea has faced the economic problems of a small, desperately poor country, accentuated by the recent implementation of restrictive economic policies. Eritrea has a command economy under the control of the sole political party, the People's Front for Democracy and Justice (PFDJ). 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 -12.1% 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. In January 2005, the government essentially banned all imports. The government strictly controls the use of foreign currency, limiting access and availability. Few private enterprises remain in Eritrea. Eritrea's economy is heavily dependent on taxes paid by members of the diaspora. Erratic rainfall and the delayed demobilization of agriculturalists from the military continue to interfere with agricultural production, and Eritrea's recent harvests have not been able to meet the food needs of the country. Eritrea's economic future depends upon its ability to master social problems such as illiteracy, unemployment, and low skills, and more importantly, on the government's willingness to support a true market economy.	Since independence from Ethiopia in 1993, Eritrea has faced the economic problems of a small, desperately poor country, accentuated by the recent implementation of restrictive economic policies. Eritrea has a command economy under the control of the sole political party, the People's Front for Democracy and Justice (PFDJ). 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 -12.1% 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. The government strictly controls the use of foreign currency, limiting access and availability. Few private enterprises remain in Eritrea. Eritrea's economy is heavily dependent on taxes paid by members of the diaspora. Erratic rainfall and the delayed demobilization of agriculturalists from the military continue to interfere with agricultural production, and Eritrea's recent harvests have not been able to meet the food needs of the country. The government continues to place its hope for additional revenue on the development of several international mining projects. Despite difficulties for international companies in working with the Eritrean government, a Canadian mining company signed a contract with the GSE in 2007 and plans to begin mineral extraction in 2010. Eritrea also anticipates opening a free trade zone at the port of Massawa in 2008. Eritrea's economic future depends upon its ability to master social problems such as illiteracy, unemployment, and low skills, and more importantly, on the government's willingness to support a true market economy.
Exchange rates	nakfa (ERN) per US dollar - 15.4 (2006), 14.5 (2005), 13.788 (2004), 13.878 (2003), 13.958 (2002) note: the official exchange rate is 15 nakfa to the dollar	nakfa (ERN) per US dollar - 15.5 (2007), 15.4 (2006), 14.5 (2005), 13.788 (2004), 13.878 (2003) note: the official exchange rate is 15 nakfa to the dollar
Exports	NA bbl/day	54.59 bbl/day (2004)
GDP - composition by sector	agriculture: 21.9% industry: 22.6% services: 55.5% (2006 est.)	agriculture: 21.7% industry: 22.6% services: 55.7% (2007 est.)
GDP - real growth rate	2% (2005 est.)	2% (2007 est.)
Imports	NA bbl/day	4,924 bbl/day (2004)
Imports - partners	Italy 15.8%, Saudi Arabia 15.7%, China 15.6%, Netherlands 6.7%, Turkey 6.2%, Germany 5.3% (2006)	Italy 15.8%, Saudi Arabia 15.7%, China 15.6%, Netherlands 6.7%, Turkey 6.2%, Germany 5.3%, Brazil 4.3% (2006)
Industrial production growth rate	NA%	2% (2007 est.)
Inflation rate (consumer prices)	15% (2006 est.)	15.5% (2007 est.)
International organization participation	ACP, AfDB, AU, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICCt (signatory), IDA, IFAD, IFC, IFRCS (observer), IGAD, ILO, IMF, IMO, Interpol, IOC, ISO (correspondent), ITU, ITUC, MIGA, NAM, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO	ACP, AfDB, AU, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICCt (signatory), IDA, IFAD, IFC, IFRCS (observer), ILO, IMF, IMO, Interpol, IOC, ISO (correspondent), ITU, ITUC, LAS (observer), MIGA, NAM, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO
Military branches	Army, Navy, Air Force	Eritrean Armed Forces: Ground Forces, Navy, Air Force (2008)

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