Eritrea listed under top twelve in GDP growth 2014

By , capitaleritrea news, January 11, 2014 in Economy | 13 Comments
Source: Economist Intelligence Unit

Source: Economist Intelligence Unit

The Economist Intelligence Unit has released its projections for economic growth in 2014, including the economies that are expected to grow the most this year.

Africa and Asia share the honours in the top 12, but the list of the world’s fastest-growing economies in 2014 lacks a heavyweight—China, long a fixture, is absent now that it is a slower-growing, middle-income country.

The top growers are here because of war (or rather peace), natural resources or gambling. South Sudan, which split from Sudan in 2011, has room to grow, supported by oil reserves. Mongolia is buoyed by a mining boom, while Sierra Leone, Turkmenistan, Timor-Leste and Zambia are favoured by what they extract from below—mainly iron ore, gas, oil and copper, respectively.

Bhutan’s boon is hydroelectricity exports to India; Macau’s is its casinos. Libya and Iraq are rebuilding after conflict, though stability remains elusive.

What most of these countries have in common is size, or lack of it. The fastest five will have a combined 2014 GDP of $130bn, about 1/80th of China’s economy.

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  • yohannes

    I don’t understand these unit measure of development,
    in any case , someone will happy and hope to get something i his life.

  • Seattle-Simon

    Hey Capital Eritrea, I’ve been reading your site since you first launched but lately, you’ve been posting content that the vast majority of Eritreans just do not agree with or find completely outrageous. For example, you’ve posted a few articles in which they talk about the subjective term “freedom” and other articles in which economic migrants are refereed to as refugees and asylum seekers, even though these migrants are traveling to the wealthiest countries on Earth for financial gain and nothing else, unless, of course, you want your readers to naively believe “freedom” is confined to the wealthiest countries on this planet. Anyways, i hope you refrain from turning your website into barren wasteland for illiterate fobs like so many other “opposition” websites. When you post low brow “freedom” content; you attract lowbrow visitors. At the end of the day, it’s your call on what you want to do with your website. Just don’t assume you can get away with bashing our country with amateurish opinions and still think we’re going to support your site. This isn’t to say you shouldn’t post content that gives constructive criticism, it’s just the articles you’ve posted lately sound like their being written by the Ethiopian Foreign Minister of late.

    • Teddy Sheda

      100 % Agreed Simon .

  • slim

    Simon, completely agree.

  • hiwet

    guys you must be blind don’t you see your brothers and sisters suffering in Israel. freedom is no subjective term, you’re living it day in day out in your western countries and keep a blind eye on whats happening to your brothers and sisters around the globe ?????????????? speaking for the people is speaking for eritrea. 300 eritreans died in one day, 30000 eritreans kidnapped in 5 years and thousands asking for your help in Israel and you still talk like that. oh yeah, once you found out where constrictive criticism starts and ends let me know - or just go back to your history books and read about the nazi era in germany.

  • Asmara

    Although I fail to understand most of what is written on the Essay. I feel what is meant is just simply a projection or predication of gross domestic product (GDP) which is based on a certain product the country can export. I see that it is not mentioned what Eritrea can export. But I wonder if it is Human Organs? Youth? Fish from the Red Sea? Or Salt that we have an excess of it? Could it be Bisha’s Gold? A gold we were dreaming of for years to let the country prosper the way the gulf countries have with oil. Let us be optimist ,blind our consciousnesses ,and hope it would be true.

  • manodag

    Eritrea also Top 8 in the world on Military expenditures percent GDP which is 6 percent ,

    • …

      No its #1 @ 25% Next to Eritrea is Saudi at 8%. Even if it is A LOT of money especially if you don’t have oil $$$$

  • tekle

    I see this website is slowly turning into awate/asmarino Tigray supporters…

    • Woldu

      tekle you are woyane. tigray is anti eritrean people this website is pro eritrean people, choose your side.

  • …

    IMF says 1.6% which will drag Eritrea back to being the 2nd poorest country in the world by 2018. And growth rate was around 2% in 2013.

    I doubt that it will jump back to 8% if growth the previous year was only around 2%

  • http://... belen

    Most of u guys are a day dreamers.the truth is Eritrea is turning in to a giant prison.we should stop being jealous and learn from our neabours Ethiopian and Sudanese..the have way more freedom than what we have in Eritrea.also we know most of u guys when u think taking vacation you all going to Ethiopia not Eritrea.when u got beaten just accepted and learn from it.one love

  • Awet

    This is a joke. Do Eritreans feel better about themselves when they lie. This is ridiculous. People don’t even have a cup of water to drink and this is the type of insane reporting we get?

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