to private enterprise so the
diaspora's money and expertise can foster economic growth.

GDP (purchasing power parity):
$4.154 billion (2004 est.)

GDP - real growth rate:
2.5% (2004 est.)

GDP - per capita:
purchasing power parity - $900 (2004 est.)

GDP - composition by sector:
agriculture: 12.4%
industry: 25.9%
services: 61.7% (2004 est.)

Labor force:
NA

Labor force - by occupation:
agriculture 80%, industry and services 20%

Unemployment rate:
NA (2003 est.)

Population below poverty line:
50% (2004 est.)

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
10% (2004 est.)

Investment (gross fixed):
26.3% of GDP (2002)

Budget:
revenues: $235.2 million
expenditures: $373.2 million, including capital expenditures of NA
(2004 est.)

Agriculture - products:
sorghum, lentils, vegetables, corn, cotton, tobacco, coffee, sisal;
livestock, goats; fish

Industries:
food processing, beverages, clothing and textiles, salt, cement,
commercial ship repair

Industrial production growth rate:
NA

Electricity - production:
246.6 million kWh (2002)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
229.4 million kWh (2002)

Electricity - exports:
0 kWh (2002)

Electricity - imports:
0 kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
6,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Current account balance:
$-144.9 million (2004 est.)

Exports:
$64.44 million f.o.b. (2004 est.)

Exports - commodities:
livestock, sorghum, textiles, food, small manufactures (2000)

Exports - partners:
Malaysia 26.6%, Italy 17.1%, Japan 8%, Germany 6.6%, China 5%, UK
4.9%, US 4.7%, France 4.4%, Poland 4.2% (2004)

Imports:
$622 million f.o.b. (2004 est.)

Imports - commodities:
machinery, petroleum products, food, manufactured goods (2000)

Imports - partners:
Ireland 26.6%, US 18.6%, Italy 16.6%, Turkey 6.4% (2004)

Reserves of foreign exchange and gold:
$30.87 million (2004 est.)

Debt - external:
$311 million (2000 est.)

Economic aid - recipient:
$77 million (1999)

Currency (code):
nakfa (ERN)

Currency code:
ERN

Exchange rates:
nakfa (ERN) per US dollar - 13.788 (2004), 13.878 (2003), 13.958