European study finds Eritreans are gaining more wealth
|Modern houses in Asmara, Eritrea|
Eritrea's wealth per capita has increased by 18.5% from the period of 2000 to mid-2012, according to The Credit Suisse Global Wealth Databook, a Switzerland-based multinational financial service.
In the same period, the study finds Eritrea's wealth per adult and financial wealth averages improved from US$386 to $1859 and $180 to $751, an increase of 20.76% and 23.9%, respectively.
Regionally, Ethiopia's heavy dependence on foreign aid, coupled with its unchecked population growth; now numbering 2.5 million newborns per year, have made growth levels underwhelming.
Since the financial crises of 2007-8, the study finds global household wealth declined by 5.2% in current dollar terms to $223 trillion, equivalent to $49,000 per adult worldwide.
European study finds Eritreans are gaining more wealth Reviewed by Admin on 9:48 AM Rating: