The economy of Eritrea is largely based on subsistence agriculture, with 80% of the population involved in farming and herding. Drought has often created difficulty in the farming areas.
Asmara is the capital city and largest settlement in Eritrea. Textiles and clothing, processed meat, beer, shoes, and ceramics are the major industrial products of Asmara.
Asmara has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.