Eritrea Economy

As of 2005, Eritrea is one of the poorest countries in the world.
More than half of the population lives on less than US$1 per day
, and about one-third lives in extreme poverty (defined as subsisting
on less than 2,000 calories per day). Although the Eritrean government
has stated its commitment to adoption of market-based economic policies
in the long run, authorities are increasingly reliant on centrally planned economic
management. In general, the government produces few consistent and reliable statistics on economic activity. Eritrea has experienced modest economic growth in recent years, indicated
by an improvement in Gross domestic product (GDP) in 2004 of 2.5% over 2003. However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product.[1