Eritrea

By: Lindsey Bryant

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Form of Government:

Presidential Republic

Approximate Population:

6,527,689
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Largest Exports:

  • Gold and Other Minerals
  • Livestock
  • Sorghum
  • Textiles
  • Food
  • Small Manufactures

Largest Imports:

  • Machinery
  • Petroleum products
  • Food
  • Manufactures goods

Currency:

Eritrean Nakfa
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Exchange Rates:

  • 1 Eritrean Nakfa = 0.062 US Dollar
  • 1 Eritrean Nakfa = 1.13 Mexican Peso
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Summary:

Eritrea is a small country that has gone through a lot. They just recently won independence and have gone though many wars. Eritrea still has a lot to get through but they need all the help that they can get. Their unemployment rate has significantly improved from the 1980's. Most of the money they have comes from imports/exports. Eritrea has a lot of history behind it.

Pros of Trading With This Country:

  • It will help this countries economy
  • They have a good economy to trade with
  • They have good materials
  • Many things that are good for trade

Cons of Trading With This Country:

  • Unstable government
  • Unsafe relations with other countries
  • Have to exchange different currency
  • Not much communication available with this country

Bibliography:

"The World Factbook: Eritrea." Central Intelligence Agency. Central Intelligence Agency, 10 May 2016. Web. 18 May 2016. <https://www.cia.gov/library/publications/the-world- factbook/geos/er.html>.


AJG Simoes, CA Hidalgo. The Economic Complexity Observatory: An Analytical Tool for Understanding the Dynamics of Economic Development. Workshops at the Twenty-Fifth AAAI Conference on Artificial Intelligence. (2011)