Search results
Results From The WOW.Com Content Network
The Ethiopian economy has a large foreign debt, with an overall external debt of 28 billion US dollars. China owns over 13 billion dollars of its debt. Its debt to GDP ratio is smaller than similar and neighboring countries. Ethiopia currently has 2.4 billion dollars of foreign reserves, representing a decline compared to previous years. [38]
English: A pie chart depicting the most prominent sectors of the Ethiopian economy, along with the percentage of the economy they comprise. Date 21 October 2020
Woman tries to sell tomatoes and onions on an almost empty market in Hawzen on 6 June 2021. Ethiopia had an average inflation rate of 26% in 2021 and 30% in 2022, something that was largely driven by a rise in food prices; [27] in February 2023, the overall inflation rate reached 32%, [28] and Ethiopia continued to experience high inflation by ...
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
In 2015, the World Bank highlighted that Ethiopia had witnessed rapid economic growth with real domestic product (GDP) growth averaging 10.9% between 2004 and 2014. [240] In 2008 and 2011, Ethiopia's growth performance and considerable development gains were challenged by high inflation and a difficult balance of payments situation.
Agriculture in Ethiopia is the foundation of the country's economy, accounting for half of gross domestic product (GDP), 83.9% of exports, and 80% of total employment. Ethiopia 's agriculture is plagued by periodic drought , soil degradation [ 1 ] caused by overgrazing , deforestation , high levels of taxation and poor infrastructure (making it ...
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.
Agriculture constitutes over 50% of economic sector in Ethiopia, and the largest dependable economic activity. It includes production of livestock products (milk, egg, meat), beverages, leather and textiles industry. Besides, Ethiopia is the largest exporter of coffee involving over 15 million active workers.