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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.
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
A double-digit number of private initiatives in Ethiopia is funded with US$100,000 each through the Power Africa and The Off-Grid Energy Challenge of the U.S. African Development Foundation. The single largest one is a 12 kW solar installation.
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]
Ethiopia is often considered as the birthplace of coffee since cultivation began in the 9th century. [257] Exports from Ethiopia in the 2009–2010 financial year totalled US$1.4 billion. [258] Ethiopia produces more coffee than any other nation on the continent. [259] "Coffee provides a livelihood for close to 15 million Ethiopians, 16% of the ...
Values for other reported common indicators of the standard of living for Benishangul-Gumuz as of 2005 include the following: 19.1% of the inhabitants fall into the lowest wealth quintile; adult literacy for men is 47.4% and for women 23.2%; and the regional infant mortality rate is 84 infant deaths per 1,000 live births, which is greater than ...
The diverse culture of Ethiopia generally itself garnered tourism attraction. This would lead to government initiative to bring economic development and reducing poverty. [1] In 2020, Ethiopia totally registered 518,000 tourists, being 126th rank in the world.
Sheger City (Amharic: ሸገር ከተማ, Oromo: Magaalaa Shaggar) is a proposed model of urban development established on 22 October 2022 that centers around the city Addis Ababa to provide influence and economic benefit for other satellite cities. The administration contains 12 sub-cities, 36 districts and 40 rural kebeles with its seat ...