Top Ad unit 728 × 90

Trending

random
.

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.

The Credit Suisse Global Wealth Databook has been detailing the progress of global wealth levels since 2000 and gives the most comprehensive study of household wealth levels for 216 countries.



Latest regional wealth levels according to Credit Suisse 

Country
Wealth per capita
Wealth per adult
Financial_wealth
Eritrea
$903
$1,859 
$751
Ethiopia
$172
$372
$150
Djibouti
$1,773
$3,263
$1,617
Sudan
$1,229
$2,529
$981

Source: Credit Suisse Global Wealth Databook |








Eritrea's Financial Progress from 2000 to mid-2012

Year
Wealth per capita
Wealth per adult
Financial_wealth
2000
$167
$386 
$180
2004
$172
$396
$154
2008
$429
$899
$363
2012
$903
$1,859
$751

Source: Credit Suisse Global Wealth Databook |






















Sponsored Ads
European study finds Eritreans are gaining more wealth Reviewed by Admin on 9:48 AM Rating: 5

4 comments:

  1. This is a promising news but lets not get distorted by statistics. We have a long way to improving the standard of living of our people and hopefully using our HR and NR efficiently will be imperative in that economic endeavor. I believe some minor reforms by the GOE will alleviate suffering and encourage economic participation. PFDJ needs to be a bit more open and liberalize its economic paradigm; china is a great example of the political-economical model separation.

    ReplyDelete
  2. I agree. I believe the Eritrean government is heading towards a more liberal and open economy. In just the last few months alone, It has privatized around 250 state-own companies and passed Proclamation No. 173/2013 into law, which is aimed for the full liberalization of foreign currency in the country. I think the Eritrean government is following a customized version of Singapore's economic model.

    ReplyDelete
  3. 250 state-own companies? does they own so much companies?

    ReplyDelete

All Rights Reserved by Madote © 2016

Contact Form

Name

Email *

Message *

Powered by Blogger.