Horn of Africa at the 2012 London Olympics. According to the IMF, in 2010 the Horn of Africa region had a total GDP (PPP) of $106.224 billion and nominal of $35.819 billion. Per capita, the GDP in 2010 was $1061 (PPP) and $358 (nominal). States of the region depend largely on a few key exports: Over 95% of cross-border trade within the region is unofficial and undocumented, carried out by pastoralists trading livestock. The unofficial trade of live cattle, camels, sheep and goats from Ethiopia sold to other countries in the Horn and the wider Eastern Africa region, including Somalia and Djibouti, generates
Horn of Africa Suez canal in 1869, when European powers scrambled for territory in Africa and tried to establish coaling stations for their ships, Italy invaded and occupied Eritrea. On January 1, 1890, Eritrea officially became a colony of Italy. In 1896 further Italian incursion into the horn was decisively halted by Ethiopian forces. By 1936 however, Eritrea became a province of Italian East Africa (Africa Orientale Italiana), along with Ethiopia and Italian Somaliland. By 1941, Eritrea had about 760,000 inhabitants, including 70,000 Italians. The Commonwealth armed forces, along with the Ethiopian patriotic resistance, expelled those of Italy in 1941, and took over