Eritrea's Wealth Per Capita Increased by 13.3% in 2013
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| European study finds Eritreans are gaining more wealth - Photo: Asmara Palace |
Eritrea's Wealth Per Capita Increased by 13.3% in 2013
In a sign of economic growth, Credit Suisse, a Switzerland-based multinational financial service and research institute, finds household wealth in Eritrea increased at an impressive rate in 2013.
In its latest Global Wealth Report, the institute finds from mid-2012 to mid-2013, Eritrea's wealth per capita and wealth per adult increased from US$915 to US$1,037 and US$1,883 to US$2,125, respectively.
In the same period, the report finds that debt per adult moved slightly upwards, going from US$75 to US$85, a likely result of the country's burgeoning social services.
Globally, household wealth increased by 4.9% in current dollar terms to US$241 trillion, despite the continuing challenges posed by the economic environment.
Credit Suisse provides the most comprehensive and reliable source of information on global household wealth available. The analysis comprises the wealth holdings of 4.7 billion adults across 200 countries.
Eritrea's Wealth Per Capita Increased by 13.3% in 2013
Reviewed by Admin
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Reviewed by Admin
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9:37 AM
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This report is not good for the united snakes. the united snakes of American, always want to punish those who don't agree with them.
ReplyDeleteThis is why we have sanctions by those evil snakes.
Government of Eritrea does it slowly and deliberately. And this mostly is result of Government sector. One can only imagine the great leap once the private sector flourish. Eritrean economy is built on solid foundation hence doesn't go through cycle of boom and bust. Recession proof! Viva Eri!
ReplyDeleteI don't think referring to the United States in such a term does you or Eritrea any service. Let's be above that and challenge their policy makers with facts.
ReplyDeleteIt's well and good the economy is rising and I'm sure when the private sector opens up the economy will even get much better. However I somehow I disagree on how people don't have a vast understanding of the GDP and it's limitations. For example, GDP per capita does not measure equality and quality life of its citizens, as most of the spending is done by the government.At the same time, the composition of the GDP May be bad since the majority of the income is driven from the mining industry. Finally with all do respect to the Credit Suisse, it seems like there are many inaccuracies in the data collection. Thus, using this a blanket determination of how well a country is doing over all Is one of the biggest limitations of GDP.
ReplyDeleteWhere is the wealth, where is the money, where is the water , where is the electricity, where is the the sign the people live better than yesteryear, where is the food in the market, why people are suffering lack of everything....where is the money of Bisha? Please tell us somethin taht mak sense,
ReplyDeleteYou can ask for those who did the study it may help you better to understand.
ReplyDeleteIn a sign of economic growth, Credit Suisse, a Switzerland-based multinational financial service and research institute, finds household wealth in Eritrea increased at an impressive rate in 2013.
Thank you for your advise,however, I'm not against the People but against their satanists leaders. Infact Americans are victims of their own leaders.
ReplyDeleteWhy are we then more poorer than before? You guys reject when there is something negative but accept it when it is something glittery "kiwieka bimanka kizihleka bidka".
ReplyDeleteWho said we are more poorer? I am sure the people in remote parts of Eritrea who never had two nicklels to save their lifes would disagree with you. Don't you think provision of clean water, schooling, health service.... is as a result of wealth generated or is your barometer based on ownership of motor vehicles and widescreen Tv? Whats more ownership of livestock and farm is wealth too.
ReplyDeleteBrother Daniel I think you are wrong cause I had worked in very remote part of Eritrea from Edi to Karora and from omhager to Hagaz I did not saw any kind of development. Go ask people of Zagir, weki, Azen, Kuandeba and Dekiseb they will tell you life is much better in the Derg regime or may be you are one of those who go to Eritea on summer time and eat tipsi by 250 nakfa and drink moyasaha and say everything is good and going well "abkebdi sigub yelen timuy".
ReplyDelete