19.1% of GDP (2007 est.)

Budget:

revenues: $234.6 million
expenditures: $471.4 million (2007 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

17% (2007 est.)

Stock of money:

$749.1 million (31 December 2007)

Stock of quasi money:

$932.9 million (31 December 2007)

Stock of domestic credit:

$1.711 billion (31 December 2007)

Agriculture - products:

sorghum, lentils, vegetables, corn, cotton, tobacco, sisal;
livestock, goats; fish

Industries:

food processing, beverages, clothing and textiles, light
manufacturing, salt, cement

Industrial production growth rate:

2% (2007 est.)

Electricity - production:

253 million kWh (2006 est.)

Electricity - consumption:

216 million kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

5,186 bbl/day (2006 est.)

Oil - exports:

54.74 bbl/day (2005)

Oil - imports:

4,924 bbl/day (2005)

Oil - proved reserves:

0 bbl (1 January 2006 est.)

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

0 cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

0 cu m (1 January 2006 est.)

Current account balance:

-$205 million (2007 est.)

Exports:

$12 million f.o.b. (2007 est.)

Exports - commodities:

livestock, sorghum, textiles, food, small manufactures

Exports - partners:

Italy 34.4%, China 16.2%, Sudan 15.2%, France 9.4%, Saudi Arabia
5.2%, Australia 4.4% (2007)

Imports:

$573 million f.o.b. (2007 est.)

Imports - commodities:

machinery, petroleum products, food, manufactured goods

Imports - partners:

Saudi Arabia 19.1%, Italy 15.1%, China 11.1%, Turkey 8.3%, Germany
7.2%, Ukraine 5.1% (2007)

Economic aid - recipient:

$355.2 million (2005)

Reserves of foreign exchange and gold:

$23 million (31 December 2007 est.)

Debt - external:

$311 million (2000 est.)

Currency (code):

nakfa (ERN)

Currency code:

ERN

Exchange rates:

nakfa (ERN) per US dollar - 15.5 (2007), 15.4 (2006), 14.5 (2005),
13.788 (2004), 13.878 (2003)
note: the official exchange r