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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.
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
The Ministry of Finance and Economic Development published the Growth and Transformation Plan online. Ethiopia started the Poverty Reduction Strategy Paper process in 2000, and by 2002 had issued the first three-year Sustainable Development Poverty Reduction Programme (SDPRP), which covered 2002–2005. Under the umbrella of the Development ...
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.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
Bags of wheat from Ukraine sent to Ethiopia, March 2023. In 2020, Russia and Ukraine accounted for a combined total of 81% of Ethiopia's wheat imports (66% being imported from the former and 15% from the latter); [81] in June 2022, roughly 42% of Ethiopia's grain was imported from these two countries (15% from Russia and 27% from Ukraine). [82]
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.
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]