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Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.
Coffee harvest in Ethiopia. Coffee, which originated in Ethiopia, is the largest foreign exchange earner. Agriculture accounted for 50% of GDP, 83.9% of exports, and 80% of the labor force in 2006 and 2007, compared to 44.9%, 76.9% and 80% in 2002–2003, and agriculture remains the Ethiopian economy's most important sector. [7]
The constitution consists of 106 articles in 11 chapters. Articles I-VII contains general provisions on matters of nomenclature of state, territorial jurisdiction, and the Ethiopian flag; Articles VIII-XII describe sovereignty, the supremacy of the constitution, democratic rights, separation of state and religion, and accountability of the government.
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]
With an estimated area of 105,887.18 square kilometers, this region has an estimated density of 141 people per square kilometer. For the entire region 3,110,995 households were counted, which results in an average for the region of 4.8 persons to a household, with urban households having on average 3.9 and rural households 4.9 people. [4]
The Constitution of the People's Democratic Republic of Ethiopia (Amharic: የኢትዮጵያ ሕዝቦች ዴሞክራሲያዊ ሪፐብሊክ ሕገ መንግሥት, romanized: Ye-Ītyōṗṗyā Həzbāwī Dīmōkrāsīyāwī Rīpeblīk Ḥige Menigišit), also known as the 1987 Constitution of Ethiopia, was the third constitution of Ethiopia, and went into effect on 22 February 1987 after ...
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]
Macroeconomics – branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. Microeconomics – branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.