Eritrea: Economic Outline
Posted: 26 Apr 2021, 23:33
https://www.lloydsbanktrade.com/en/mark ... _MnwWp2Suc...Eritrea, which has not held an election since 1993, is one of the 10 poorest countries in the world. It suffers from recurring famines that affect a large portion of the population (as in the case of El Niño in 2016) and NGOs have been banned from the country. According to the UN, human rights abuses perpetrated by the Afwerki dictatorship have led to a mass exodus (15% of the population). It is estimated that 5,000 Eritreans flee the country each month and are thought to be the second largest refugee community in Europe behind Syrians. The labour market is almost non-existent, pushing many Eritreans into the informal sector. According to the World Bank (modeled ILO estimate), unemployment rate in Eritrea was at 7.4% of total labour force in 2020. The working poor are estimated to account for 75.2% of total employment (AfDB). Eritrea is ranked 180th out of 189 countries in the Human Development In