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Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
The manufacturing sector's growth rate more than doubled from 1.9 percent in 1960–61 to 4.4 percent in 1973–74, and the growth rate for the wholesale, retail trade, transportation, and communications sectors increased from 9.3 percent to 15.6 percent. [1] Relative to its neighbors, Ethiopia's economic performance was mixed. [1]
Between 1960 and 1970, Ethiopia enjoyed an annual 4.4% growth rate in its per capita and overall gross domestic product (GDP). There was an increase in the manufacturing growth rate from 1.9% in 1960–1961 to 4.4% in 1973–74, with the wholesale, retail trade, transportation, and communication sectors increasing from 9.5% to 15.6%. [4]
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This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. Figures are based on official exchange rates, not on the purchasing power parity (PPP) methodology.
December 13 - While Emperor Haile Selassie I of Ethiopia was visiting Brazil, his Imperial Bodyguard staged a coup d'etat, taking many of the Imperial staff hostage, including Crown Prince Asfa Wossen, who was proclaimed as King (rather than Emperor). The coup failed within a few days, and Haile Selassie reigned as emperor until another coup in ...
The Ethiopian Empire, [a] historically known as Abyssinia or simply Ethiopia, [b] was a sovereign state [16] that encompassed the present-day territories of Ethiopia and Eritrea. It existed from the establishment of the Solomonic dynasty by Yekuno Amlak around 1270 until the 1974 coup d'état by the Derg , which ended the reign of the final ...