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.

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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 |

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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 |

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