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Economy of Eritrea
The Economy of Eritrea has experienced considerable growth in recent years, indicated by an improvement in Gross domestic product (GDP) in October 2012 of 7.5 percent over 2011.〔(), International Monetary Fund. Retrieved October 2012.〕 However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product.〔(Eritrea country profile ). Library of Congress Federal Research Division (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.
In 2011, Eritrea's GDP grew by 8.7 percent making it one of the fastest growing economies in the world.〔http://inewp.com/?p=11290〕 The Economist Intelligence Unit (EIU) expects it to maintain a high growth rate of 8.5 percent in 2013.
==Economic history==
In the early 1950s, when Eritrea was awarded to Ethiopia, it possessed a far more sophisticated urban and industrial infrastructure than Ethiopia. Eritrean critics said industrialization in the years since then focused on other parts of Ethiopia. Ethiopia nationalized Eritrea’s 42 largest factories and systematically dismantled the Eritrean industrial sector during the protracted civil war. By the time of its independence from Ethiopia in 1991, Eritrea’s economy had been destroyed by war and was dependent on income from ports and its small agricultural base. The onset of conflict with Ethiopia, which lasted from 1998 to 2000, halted all bilateral trade, severely reducing port activity and income in Eritrea. According to World Bank estimates, Eritrea lost US$225 million worth of livestock and 55,000 homes during the war. GDP growth fell to zero in 1999 and to -1% in 2000.〔(【引用サイトリンク】title=Eritrea Economy GDP Currency Exports )〕 Planting of crops was prevented in Eritrea's most productive western region, causing food production to drop by 62%. Damage to public buildings is estimated at US$24 million.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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