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In one instance, inflation could heavily impact the growth, requiring food demand. From 2005 to 2012, maize grain in Addis Ababa drastically increased from 1,469 to 5,013 ETB per ton, and the price was tripled in the last five years. Overall, the food price inflation was increased from 7.4% to 15.8% between 2014 and 2019 years. [2]
5 October – The first ever Irreechaa was celebrated in Addis Ababa's Meskel Square with hundreds of thousands Oromos attended. [5]11 October – The Nobel Peace Prize was awarded to Prime Minister Abiy Ahmed for "his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighbouring Eritrea".
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.
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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 Ethiopian News Agency (Amharic: የኢትዮጵያ ዜና አገልግሎት Ye-Ityopya Zéna Agelgelot (IZA) or ENA) is the official news agency of the government of Ethiopia. It is the oldest news organisation in Ethiopia.
A common unit of weight in Ethiopia was the load - a simple measure of the amount carried by a beast of burden such as a camel [1] A number of different units of measurement have been used in Ethiopia. The values of most of these units are not well defined. [2] In 1963, Ethiopia adopted the metric system. [3]
Teff originated in the Ethiopian Highlands, and it is one of the most important cereals in Ethiopia and Eritrea. [9] It is grown for its edible seeds and also for its straw to feed the cattle. [ 8 ] The seeds are very small, about a millimeter in length, and a thousand grains weigh approximately 0.3 g (0.011 oz). [ 10 ]