Economy - overview:
Ethiopia's economy is based on agriculture, which accounts for 46% of GDP and 85% of total employment. Coffee has been a major export crop. The agricultural sector suffers from poor cultivation practices and frequent drought, but recent joint efforts by the Government of Ethiopia and donors have strengthened Ethiopia's agricultural resilience, contributing to a reduction in the number of Ethiopians threatened with starvation. The banking, insurance, and micro-credit industries are restricted to domestic investors, but Ethiopia has attracted significant foreign investment in textiles, leather, commercial agriculture and manufacturing. Under Ethiopia's constitution, the state owns all land and provides long-term leases to the tenants; land use certificates are now being issued in some areas so that tenants have more recognizable rights to continued occupancy and hence make more concerted efforts to improve their leaseholds. While GDP growth has remained high, per capita income is among the lowest in the world. Ethiopia's economy continues on its state-led Growth and Transformation Plan under its new leadership after Prime Minister Meles's death. The five-year economic plan has achieved high single-digit growth rates through government-led infrastructure expansion and commercial agriculture development. Ethiopia in 2013 plans to continue construction of its Grand Renassiance Dam on the Nile-the controversial multi-billion dollar effort to develop electricity for domestic consumption and export.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates: Fiscal year:
NOTE: 1) The information regarding Ethiopia on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Ethiopia Economy 2013 information contained here. All suggestions for corrections of any errors about Ethiopia Economy 2013 should be addressed to the CIA.
$103.1 billion (2012 est.)
country comparison to the world: 73
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$41.89 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
7% (2012 est.)
country comparison to the world: 27
[see also: GDP - real growth rate country ranks ]
$1,200 (2012 est.)
country comparison to the world: 211
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 46.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
14.6%
services:
38.8% (2012 est.)
37.9 million (2007)
country comparison to the world: 17
[see also: Labor force country ranks ]
agriculture: 85%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
5%
services:
10% (2009 est.)
NA%
[see also: Unemployment rate country ranks ]
29.2% (FY09/10 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 4.1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
25.6% (2005)
30 (2000)
country comparison to the world: 117
[see also: Distribution of family income - Gini index country ranks ]
22.7% of GDP (2012 est.)
country comparison to the world: 64
[see also: Investment (gross fixed) country ranks ]
revenues: $6.079 billion
[see also: Budget revenues country ranks ]
expenditures:
$7.219 billion (2012 est.)
14.5% of GDP (2012 est.)
country comparison to the world: 192
[see also: Taxes and other revenues country ranks ]
-2.7% of GDP (2012 est.)
country comparison to the world: 93
[see also: Budget surplus (+) or deficit (-) country ranks ]
44.4% of GDP (2012 est.)
country comparison to the world: 76
note:
official data cover central government debt, including debt instruments issued (or owned) by government entities other than the treasury and treasury debt owned by foreign entities; the data exclude debt issued by subnational entities, as well as intragovernmental debt; debt instruments for the social funds are not sold at public auctions
[see also: Public debt country ranks ]
21.7% (2012 est.)
country comparison to the world: 218
[see also: Inflation rate (consumer prices) country ranks ]
NA%
[see also: Central bank discount rate country ranks ]
14.5% (31 December 2012 est.)
country comparison to the world: 35
[see also: Commercial bank prime lending rate country ranks ]
$7.851 billion (31 December 2012 est.)
country comparison to the world: 84
[see also: Stock of narrow money country ranks ]
$13.35 billion (31 December 2012 est.)
country comparison to the world: 94
[see also: Stock of broad money country ranks ]
$13.91 billion (31 December 2012 est.)
country comparison to the world: 90
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
cereals, pulses, coffee, oilseed, cotton, sugarcane, potatoes, khat, cut flowers; hides, cattle, sheep, goats; fish
food processing, beverages, textiles, leather, chemicals, metals processing, cement
9.5% (2010 est.)
country comparison to the world: 15
[see also: Industrial production growth rate country ranks ]
-$2.95 billion (2012 est.)
country comparison to the world: 149
[see also: Current account balance country ranks ]
$3.163 billion (2012 est.)
country comparison to the world: 129
[see also: Exports country ranks ]
coffee, khat, gold, leather products, live animals, oilseeds
Germany 14.2%, China 12.2%, Belgium 7.8%, Saudi Arabia 6.8%, US 6.3%, Italy 5.1% (2011)
$10.6 billion (2012 est.)
country comparison to the world: 93
[see also: Imports country ranks ]
food and live animals, petroleum and petroleum products, chemicals, machinery, motor vehicles, cereals, textiles
Saudi Arabia 10%, China 9.9%, US 7.6%, India 4.6% (2011)
$3.024 billion (31 December 2012 est.)
country comparison to the world: 108
[see also: Reserves of foreign exchange and gold country ranks ]
$9.956 billion (31 December 2012 est.)
country comparison to the world: 94
[see also: Debt - external country ranks ]
birr (ETB) per US dollar -
8 July - 7 July
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 11-Mar-13