Eritrea, officially the State of Eritrea, is a country in the Horn of Africa. The economy of Eritrea has experienced considerable growth in recent years, indicated by an improvement in

Gross domestic product Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is oft ...

(GDP) in October 2012 of 7.5 percent over 2011. However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product.Eritrea country profile

Library of Congress The Library of Congress (LOC) is the research library that officially serves the United States Congress and is the ''de facto'' national library of the United States. It is the oldest federal cultural institution in the country. The library ...

Federal Research Division The Federal Research Division (FRD) is the research and analysis unit of the United States Library of Congress. The Federal Research Division provides directed research and analysis on domestic and international subjects to agencies of the Unit ...

(September 2005). ''This article incorporates text from this source, which is in the public domain.'' Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash. The Eritrean economy has undergone extreme changes due to the

War of Independence This is a list of wars of independence (also called liberation wars). These wars may or may not have been successful in achieving a goal of independence. List See also * Lists of active separatist movements * List of civil wars * List o ...

. In 2011, Eritrea's GDP grew by 8.7 percent, making it one of the fastest-growing economies in the world. The Economist Intelligence Unit (EIU) expects it to maintain a high growth rate of 8.5 percent in 2013.

Companies based in Eritrea

* Asmara Brewery *

Banca per l'Africa Orientale (BAO) was an early attempt to establish modern banking in the Horn of Africa at a time when Eritrea and Italian Somaliland were Italian colonies. It closed in 1923. History During early WW1, the Italian government wanted the creation of a loc ...

Commercial Bank of Eritrea The Commercial Bank of Eritrea is the only banking institution in Eritrea with full retail commercial banking services. It is a government-owned bank, with 17 branches throughout the country. The Bank has arrangements with Citibank for internationa ...

* Elabored Estate *

Eritrean Investment and Development Bank The Eritrean Investment and Development Bank (EIDB) is a bank in Eritrea. It was established on 28 October 1996. It did not effectively begin operations until 1998 from its single office in Asmara, Eritrea. The bank was fully financed by the Minist ...

Eritrean Railway The Eritrean Railway is the only railway system in Eritrea. It was constructed between 1887 and 1932 during the Italian Eritrea colony and connects the port of Massawa with Asmara. Originally it also connected to Bishia. The line was partly damag ...

* Eritrean Telecommunications Corporation *

Housing and Commerce Bank The Housing and Commerce Bank (HCB) is a bank in Asmara, Eritrea. The company has focused on financing various apartment complexes throughout Eritrea, most notably in Asmara and Massawa. It has also extended loans to local companies involved in t ...

Nakfa Corporation The Nakfa Corporation was one of the first privately owned companies founded in Eritrea. The firm has various interests, including Gejeret Corrugated Boxes, a sodium silicate factory, and a mid-rise structure in Asmara Asmara ( ), or Asmera, is ...

Red Sea Trading Corporation The Red Sea Trading Corporation (commonly known as 09) is the commercial entity created to enact the People's Front for Democracy and Justice's socially responsible development program. The company was founded with $20,000 in 1984. It is primarily ...

Sabur Printing Press The Sabur Printing Press (SPP) is the exclusive printing company in Eritrea. Its headquarters are located in the national capital, Asmara Asmara ( ), or Asmera, is the capital and most populous city of Eritrea, in the country's Central Region ...

File:Red Sea Trading Corporation.jpg, Corporate office for the

in downtown Asmara, Eritrea

By type

Airlines

Eritrean Airlines Eritrean Airlines (; ) is the national airline of Eritrea. Based at Asmara International Airport, it is wholly owned by the government of Eritrea. Scheduled service had been discontinued since 2008, and the airline operated only a few hajj fl ...

Nasair Nasair, officially known as Nasair Eritrea, was an airline based in Asmara, Eritrea. It operated scheduled flights to domestic destinations in Eritrea, as well as limited scheduled services to the Middle East and Eastern Africa. As of May 201 ...

(defunct) *

Red Sea Air Red Sea Air was a domestic airline based in Asmara, the capital of Eritrea. It was at one time the national flag carrier. Eritrean Airlines owned 40% of the airline, which operated domestic routes between Asmara, Assab and Massawa. Red Sea Air had ...

(defunct)

Banks

References

{{Airlines of Eritrea Companies of Eritrea Economy of Eritrea

Companies A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared go ...