Economy of Ethiopia - Wikipedia
In 2023, Ethiopia reached an estimated GDP of 156.1 billion nominal dollars and an estimated PPP of 393.85 billion dollars. This mostly comes from a services-based economy with agriculture.
Ethiopia Overview: Development news, research, data | World Bank
Oct 8, 2024 · With about 126.5 million people (2023), Ethiopia is the second most populous nation in Africa after Nigeria, and one of the fastest-growing economies in the region, with an estimated 7.2% growth in FY2022/23. However, it also remains one of the poorest, with a per capita gross national income of $1,020.
Ethiopia Economic Outlook - African Development Bank Group
Ethiopia’s economy grew 7.1% in 2022/23, up from 6.4% in 2021/22, led by 7.9% growth in the services sector, which accounts for 40% of GDP. Industry, at 28% of GDP, grew 6.9% and agriculture, at 32% of GDP, grew 6.3%, also supporting growth.
UNDP Ethiopia Quarterly Economic Profile January 2024
Feb 19, 2024 · Economic Growth: Ethiopia’s economy grew by 7.2 percent in 2023 according to the Government figures, while the IMF estimated the economy grew by 6.1 percent. Services sector remains resilient, while manufacturing continues to be weak.
How Ethiopia Can Achieve 4% Growth by 2026: World Bank’s …
Oct 17, 2024 · Ethiopia’s economic future is closely tied to its ability to manage inflation, stabilize the Birr, and make strategic investments in education and infrastructure. The depreciation of the Ethiopian Birr, while challenging, can be mitigated through sound monetary policy and efforts to increase foreign exchange reserves.
Ethiopia - Agriculture, Coffee, Trade | Britannica
Jan 5, 2025 · Under Haile Selassie I (reigned 1930–74), Ethiopia’s economy enjoyed a modicum of free enterprise. The production and export of cash crops such as coffee were advanced, and import-substituting manufactures such as textiles and footwear were established.
Ethiopia: Development news, research, data | World Bank
Key priorities include supporting home-grown reforms to transition Ethiopia to a more inclusive economy where the private sector plays a significant role in growth. Ethiopia’s location gives it a strategic position as a jumping off point in the Horn of Africa, close to …
Ethiopia Economy Overview: Outlook & Reports - FocusEconomics
Want to get insight on the economic outlook for Ethiopia in the coming years? FocusEconomics collects projections out to 2034 on 34 economic indicators for Ethiopia from a panel of 11 analysts at the leading national, regional and global forecast institutions.
Ethiopia | Data - World Bank Data
Ethiopia Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
⊲ Economic Growth: Ethiopia’s economy grew by 7.2 percent in 2023 according to the Government figures, while the IMF estimated the economy grew by 6.1 percent. Services sector remains resilient, while manufacturing continues to be weak. Independent estimates show that Ethiopia’s economy grew as low as 4.5 percent in 2023.