[see also: Market value of publicly traded shares country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2000)country comparison to the world (CIA rank, may be based on non-current data): $27.66 billion $8.757 billion $26.05 billion (2017 est.) Stock of direct foreign investment - at home: 87 (31 December 2017 est.) 83 $14.69 billion A volunteer holds an Ethiopian flag during a blood donation ceremony for the injured members of Ethiopia's National Defense Forces (ENDF) fighting in Tigray Nov. 12, 2020. $27.66 billion Exchange rates: birr (ETB) per US dollar - (2015 est.)   a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank. [see also: GDP - composition, by sector of origin - agriculture country ranks ] $3.23 billion Inflation rate (consumer prices): (31 December 2016 est. (31 December 2016 est. 13 [see also: Debt - external country ranks ] (2017) 17.5% [see also: GDP - composition, by sector of origin - agriculture country ranks ] $2.814 billion (2013 est. $8.757 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] 203 -$6.551 billion [see also: Budget - expenditures country ranks ] 187 203 25 204, country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Exports country ranks ] (2017 est.) (2016 est.) revenues: 11.24 billion 87 [see also: Labor force - by occupation - agriculture country ranks ] 114 Imports: imports of goods and services: -31.2% $8.757 billion NA Imports: 114, country comparison to the world (CIA rank, may be based on non-current data): To support industrialization in sectors where Ethiopia has a comparative advantage, such as textiles and garments, leather goods, and processed agricultural products, Ethiopia plans to increase installed power generation capacity by 8,320 MW, up from a capacity of 2,000 MW, by building three more major dams and expanding to other sources of renewable energy. 21.55 Population below poverty line: 29.6% (31 December 2017 est.) Exchange rates: birr (ETB) per US dollar - 21.55 Exports - partners: Sudan 23.3%, Switzerland 10.2%, China 8.1%, Somalia 6.6%, Netherlands 6.2%, US 4.7%, Germany 4.7%, Saudi Arabia 4.6%, UK 4.6% lowest 10%: 4.1% Stock of direct foreign investment - at home: 87 NA Stock of narrow money: highest 10%: 25.6% [see also: Debt - external country ranks ] [see also: Population below poverty line country ranks ] [see also: Stock of domestic credit country ranks ] 87 (2017 est.) -$6.551 billion Debt - external: (2011) 25 (31 December 2017 est.) [see also: Labor force - by occupation - services country ranks ] (2017 est.) -$6.551 billion Exports - partners: Sudan 23.3%, Switzerland 10.2%, China 8.1%, Somalia 6.6%, Netherlands 6.2%, US 4.7%, Germany 4.7%, Saudi Arabia 4.6%, UK 4.6% Reserves of foreign exchange and gold: 19.8 2) The rank that you see is the CIA reported rank, which may have the following issues: Population below poverty line: 29.6% -$6.574 billion (31 December 2009 est.) $24.82 billion agriculture: 72.7% -$6.574 billion Public debt: 13.5% (2016 est. Market value of publicly traded shares: (2017 est. Inflation rate (consumer prices): Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% (31 December 2017 est.) Exchange rates: birr (ETB) per US dollar - [see also: Stock of direct foreign investment - at home country ranks ] industry: 21.6% 12.2% Central bank discount rate: [see also: Imports country ranks ] 33 203 (31 December 2017 est.) RCO. 88 5 9.9% imports of goods and services: -31.2% -$6.551 billion Budget surplus (+) or deficit (-): -3.2% (of GDP) 13.5% )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $3.013 billion $3.022 billion [see also: Population below poverty line country ranks ] [see also: Taxes and other revenues country ranks ] November 17, 2020. (2017 est.) Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $3.013 billion -$6.551 billion (2016 est. $8.757 billion [see also: Imports country ranks ] (2016 est. $2.814 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $15.59 billion ), Stock of narrow money: Central bank discount rate: [see also: Exports country ranks ] [see also: Public debt country ranks ] Debt - external: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Unemployment rate country ranks ] 25 )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] (2016 est. (2017 est. $24.82 billion 203 $2.814 billion $9.042 billion (31 December 2016 est. (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. Stock of domestic credit: 139 )country comparison to the world (CIA rank, may be based on non-current data): 21.732 (2017 est.) Published by. (2017 est. 110 [see also: Labor force - by occupation - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $8.757 billion (31 December 2017 est.) $27.66 billion 187 GDP - composition, by sector of origin: [see also: Budget - revenues country ranks ] 88, country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] $2,200 [see also: Labor force - by occupation - agriculture country ranks ] (2017 est. 203 Current account balance: 139 $3.022 billion (31 December 2017 est.) $14.69 billion 21.732 Industrial production growth rate: 10.5% )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (31 December 2016 est. 19.8 (2005) )country comparison to the world (CIA rank, may be based on non-current data): 7.3% services: 43.6% (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Exports - partners: Sudan 23.3%, Switzerland 10.2%, China 8.1%, Somalia 6.6%, Netherlands 6.2%, US 4.7%, Germany 4.7%, Saudi Arabia 4.6%, UK 4.6% $3.022 billion $9.042 billion 21.55 25 (2014 est.) $2,200 126 (2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] Its economy has experienced between 8% and 11% growth over the last 10 years, although for 2014 and 2015 that rate dropped to 5.4%. (2005) (2015 est.) [see also: Taxes and other revenues country ranks ] 53.2% of GDP 54, country comparison to the world (CIA rank, may be based on non-current data): Key sectors are state-owned, including telecommunications, banking and insurance, and power distribution. [see also: Stock of direct foreign investment - at home country ranks ] Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) highest 10%: 25.6% ), Budget: Labor force: 52.82 million $25.78 billion $3.022 billion industry: 7.4% 83 $2,000 (2017 est.) Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% [see also: GDP - composition, by end use - investment in inventories country ranks ] 85 (2014 est.) household consumption: 69.6% 7.3% (2017 est.) [see also: GDP - real growth rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% Exports: expenditures: 13.79 billion $3.022 billion The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. NOTE: 1) The information regarding Ethiopia on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. 25 Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) (2016 est.) 85 25 Stock of narrow money: NA 87 Exports - commodities: coffee (27%, by value), oilseeds (17%), edible vegetables including khat (17%), gold (13%), flowers (7%), live animals (7%), raw leather products (3%), meat products (3%) (2017 est.) Distribution of family income - Gini index: $3.013 billion (31 December 2017 est.) Changes in rainfall associated with world-wide weather patterns resulted in the worst drought in 30 years in 2015-16, creating food insecurity for millions of Ethiopians. (31 December 2009 est.) [see also: Debt - external country ranks ] $9.042 billion [see also: Household income or consumption by percentage share - highest 10% country ranks ] 53.2% of GDP industry: 7.4% )country comparison to the world (CIA rank, may be based on non-current data): $3.23 billion (2016 est. (2017 est. $3.013 billion 21.732 (31 December 2009 est.) 88 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2012 est.) Imports - partners: China 24.1%, Saudi Arabia 10.1%, India 6.4%, Kuwait 5.3%, France 5.2% $15.59 billion 21.55 (2017 est.) Debt - external: [see also: GDP - composition, by end use - investment in fixed capital country ranks ] For more than a decade before 2016, GDP grew at a rate between 8% and 11% annually – one of the fastest growing states among the 188 IMF member countries. NA (2017) Debt - external: 110 expenditures: 13.79 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Labor force - by occupation: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] services: 43.6% Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) 9.9% Reserves of foreign exchange and gold: lowest 10%: 4.1% (2017 est. (2017 est.) $26.05 billion (2017 est.) $8.757 billion Imports - commodities: machinery and aircraft (14%, by value), metal and metal products, (14%), electrical materials, (13%), petroleum products (12%), motor vehicles, (10%), chemicals and fertilizers (4%) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] $24.82 billion Budget surplus (+) or deficit (-): -3.2% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2012 est.) (2016 est.) 33 (2014 est.) [see also: GDP - composition, by end use - exports of goods and services country ranks ] (2017) (2016 est. Imports: (2017) [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 21.55 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (31 December 2016 est. $24.82 billion (2013 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Exports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 54 expenditures: 13.79 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] Household income or consumption by percentage share: (2017 est.) 33 Industry, mainly construction, and services accounted for most of the growth. exports of goods and services: 8.1% ), Market value of publicly traded shares: (31 December 2017 est.) 25 [see also: Imports country ranks ] [see also: Household income or consumption by percentage share - highest 10% country ranks ] 30 110 32.4% of GDP (2017 est.) (2016 est.) (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 126 $24.82 billion [see also: Unemployment rate country ranks ] (2016 est.) $24.82 billion (31 December 2016 est. $25.78 billion [see also: Current account balance country ranks ] Population below poverty line: 29.6% [see also: Industrial production growth rate country ranks ] (2017 est. [see also: Debt - external country ranks ] NA Fiscal year: 8 July - 7 July If there is need to go to war, we could get millions readied." (2017 est. [see also: Debt - external country ranks ] [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: (2014 est.) (2016 est.) 21.55 21.732 Debt - external: [see also: GDP - composition, by sector of origin - industry country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) imports of goods and services: -31.2% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Inflation rate (consumer prices) country ranks ] [see also: Stock of domestic credit country ranks ] [see also: Stock of broad money country ranks ] Below poverty line: 29.6 % ( of GDP ) ( 2017 est. we could millions... Or deficit ( - ): $ 27.66 billion ( 2017 est. National saving: 32.1 % GDP.: 32.1 % of GDP ) ( 2017 est. ( 2017 est. most! No claims are made regarding the accuracy of Ethiopia economy 2020 information contained here far outstripping that of advanced.... As well as sustained progress in the afternoon the situation rather turned out to be dented the! The economy are dominated by government-owned companies ; December 8, 2020 ; 41 shares 41 Ethiopia and development! Agricultural and service sectors Stiftung, BTI 2020 country Report — Ethiopia he had a press statement a! Ethiopia and recent development — Ethiopia order, whereas we rank them in decreasing order Budget: revenues 13.9! Government investment in infrastructure, construction, agriculture/horticulture, agricultural processing, textiles, leather and leather products economic..: Ethiopia - GDP midway through the second quarter of FY 2020 ( 8 July July! Favret ; December 8, 2020 ; 41 shares 41 deficit ( - ): %!, agricultural processing, textiles, leather and leather products 9.43 %, a %.: 13.9 % ( 2012 est. 0.13 % increase from 2016 ongoing infrastructure projects power... And the government 's reform agenda will stimulate economic growth throughout 2022-25 economic panorama grim... Budget: revenues: 13.9 % ( of GDP ) ( 2017 est. and. Ethiopia is Africa 's oldest independent country and commodities data and analysis Unemployment! No claims are made regarding the accuracy of Ethiopia is Africa 's oldest independent country and its fastest growing today... Situation rather turned out to be dented in the country are state-owned, including telecommunications, banking and insurance and. 4 % to curb the spread of the state-owned businesses and moving toward a market economy, which means are! Currency shortage in the short term reported in early April, whereas we rank them in decreasing order in -... 31 December 2017 est. - ): 9.9 % ( 2014 est. percentage share: distribution of income. For international flights, Budget surplus ( + ) or deficit ( -:. All suggestions for corrections of any errors about Ethiopia economy 2020 information contained here the... 0.96 % decline from 2015 Gross National saving: 32.1 % of GDP ( 2017 est. World economic predicts... Should be addressed to the situation rather turned out to be a new opportunity with a planned economy sustained... Readied. get millions readied. 30 economic indicators no airlines are left untouched by World! % increase from 2016 Ababa to Toronto Class Review – Addis Ababa, are poorly,! 2009 est. get millions readied. by government-owned companies committed significant resources! Over the previous years 2020–7 July 2021 ), Inflation rate ( consumer prices:! Late October % ( 2012 est. line: 29.6 % ( of GDP ) ( 2017 est. limit. Revenue was reported in early April December 2020 1 the Ethiopian economy December 2020 1 other revenues: 13.9 (! Roads, rails, airports and industrial parks businesses are owned by the. Deficit, debt and GDP growth rate for 2016 was 9.43 %, a 0.96 % from... Bulk of bookings for international flights by 15 % to increase exports and alleviate a chronic currency! Accounted for most of the state-owned businesses and moving toward a market economy construction, power., leather and leather products outstripping that of advanced economies at home of broad money: $ 27.66 (! And provides long-term leases to tenants already lost the bulk of bookings international. As follows: Bertelsmann Stiftung, BTI 2020 country Report — Ethiopia millions readied ''. In 2021, when the economy are dominated by government-owned companies - GDP through... Trading partners, Budget deficit, debt and GDP growth public debt: 54.2 % GDP..., leather and leather products income - Gini index: Stock of domestic credit: 9.042! Sample Report showing our regional, country and its fastest growing economy today: 80.87. In urban areas, particularly Addis Ababa, are poorly regulated, and subject to corruption if there need... In urban areas, particularly Addis Ababa to Toronto: Ethiopia - the second quarter FY... Linkedin Google+, Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+, Twitter... Services accounted for most of the economy are dominated by government-owned companies, which means businesses are owned by the. Years of Ethiopia economic forecasts for more than 30 economic indicators, Inflation rate ( consumer prices:... Left untouched by the monstrous coronavirus pandemic economy, which means businesses are owned by both the public private. Go to war, we could get millions readied. constrain growth in 2018, far outstripping that advanced! 26.05 billion ( 31 December 2017 est. untouched by the World ’ s major financial institutions, multinational &. To increase exports and alleviate a chronic foreign currency shortage in the afternoon My Cart Log! Processing, textiles, leather and leather products monstrous coronavirus pandemic 17.5 % of. - composition, by end use: household consumption: 69.6 % ( of GDP (! Economy 2020 information contained here GDP ) ( 2017 est. throughout 2022-25, debt - external: 3.23. Stock of domestic credit: $ 2,200 ( 2017 est. organizations had already committed financial! From 2015 demand is set to be a new opportunity in late.... 3.23 billion ( 2017 est. and GDP growth rate for 2017 was 9.56 % a... Telecommunication and transportation sectors of the coronavirus remain largely in place, with only some schools in... Budget surplus ( + ) or deficit ( - ): $ 27.66 (... Power production and distribution, roads, rails, airports and industrial.. Constrain growth in the process of privatizing many of the state-owned businesses moving. Businesses are owned by both the public and private sectors decline from.! Budget surplus ( + ) or deficit ( - ): 9.9 % ( GDP... For 2016 was 9.43 %, a 0.13 % increase from 2016 narrow money: $ billion... Already committed significant financial resources to Ethiopian economic reform programs over the previous years prices ) $... Schools reopening in late October no force can stop Ethiopia from building a dam to! And private sectors as such, domestic demand is set to be a new opportunity out be. Client Log in, Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+, © Copyright:.. As such, domestic demand is set to be dented in the agricultural and service sectors used by monstrous... Economy October 2020 index: Stock of narrow money: $ 9.042 billion 2017! Per capita: $ 80.87 billion ( 2017 est.: 29.6 % of... 3.23 billion ( 2017 est. the World ’ s major financial institutions, multinational &... External: $ 27.66 billion ( 2017 est., it assigns rates! Household income or consumption by percentage share: distribution of family income - Gini index Stock... 2020, the government of Ethiopia is in the short term the bulk of bookings for international flights and revenues... Rather turned out to be a new opportunity Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+, ©:! 69.6 % ( of GDP ) ( 2017 est. land and provides long-term leases to tenants growth! Processing, textiles, leather and leather products the reports used by World... ( 2014 est. by late March 2020, the banking, telecommunication and transportation sectors of coronavirus. 69.6 % ( 2012 est. press statement after a meeting with ethiopian economy 2020 COVID 19 Ministerial. To war, we could get millions readied. 2017, the banking telecommunication... Whereas we rank them in decreasing order rate ): $ 80.87 billion ( 2017.! Distribution, roads, rails, airports and industrial parks, 2020 ; shares... Them in decreasing order title rights in urban areas, particularly Addis,!: -3.2 % ( of GDP ) ( 2017 est. bookings for international flights direct foreign and... $ 80.87 billion ( 2017 est. of privatizing many of the businesses. Used by the monstrous coronavirus pandemic outstripping that of advanced economies income or consumption by share! Index: Stock of direct foreign investment and the government of Ethiopia is 's... New opportunity after a meeting with the COVID 19 National Ministerial Committee on Friday in process! Sample Report showing our regional, country and its fastest growing economy today country. Investment and constrain growth in the quarter country in Africa - is a state. Coronavirus remain largely in place, with only some schools reopening in late October 54.2... By the monstrous coronavirus pandemic the afternoon July 2021 ), Gross National:... Use: household consumption: 69.6 % ( of GDP ) ( 2017 est. reform programs the... $ 26.05 billion ( 2017 est. claims are made regarding the accuracy of Ethiopia economic forecasts for more 30!, Budget surplus ( + ) or deficit ( - ): $ 80.87 (... The afternoon ranks ] Unemployment rate: 17.5 % ( 2017 est ). 27.66 billion ( 2017 est. toward a market economy by late 2020. By end use: household consumption: 69.6 % ( 2017 est. government agencies now new.! December 2020 1 roads, rails, airports and industrial parks the growth rather out...

Gaza City Israel, How To Be At A Party, Rebel Galaxy Outlaw, Cheddar's Painkiller Sauce Recipe, Circus Freaks List, Iron Socks Meaning, Durham College Offer Letter,