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PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
The Second Five-Year Plan (1962–1967) signaled the start of a 20-year program to change Ethiopia's predominantly agricultural economy to an agro-industrial one. [41] The Third Five-Year Plan (1968–1973) also sought to facilitate Ethiopia's economic well-being by raising manufacturing and agro-industrial performance. [41]
In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched to analyze the economic status of the city. The city covered 29% of Ethiopia's GDP (59.5 Billions $ in 2024) and 20% of national urban development as of 2022. Commercial Bank of Ethiopia in Addis Ababa
It is responsible for general financial management and economic policy of Ethiopia, in addition to the allocation of economic assistance. Formerly the Ministry of Finance, it has its origins in the ministerial system introduced by Emperor Menelik II in 1907.
Investors watched carefully for dot plot changes, but instead got some much bigger news: Jerome Powell and the Fed see 2024 growth coming in at almost double what was expected.
The Central Statistical Agency (CSA; Amharic: ማዕከላዊ ስታቲስቲክስ ኤጀንሲ) is an agency of the government of Ethiopia designated to provide all surveys and censuses for that country used to monitor economic and social growth, as well as to act as an official training center in that field.
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3 January – Sudan, Egypt, and Ethiopia agree to hold further talks this month to resolve their dispute over the Grand Ethiopian Renaissance Dam on the Blue Nile. [1]5 January – The government promises to repair the centuries-old Al Nejashi Mosque and the Orthodox Christian of Saint Emmanuel in Wukro that were damaged in December 2020 during the Tigray conflict in the Tigray conflict.