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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.
Chapter 25, "A Note on Books", recommends several books for those interested in further reading on economics. He suggests some intermediate-length works, such as Frederic Benham's "Economics" and Raymond T. Bye's "Principles of Economics," as well as older books like Edwin Canaan's "Wealth" and John Bates Clark's "Essentials of Economic Theory."
Bahir Dar University (Amharic: ባሕር ዳር ዩኒቨርስቲ, BDU) is a public research university in Bahir Dar, capital of the Amhara Region, Ethiopia.The university, with two institutes in diploma programs until 1966, is credited to training distinguished scientists and notable public servants.
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]
The Ethiopian National Educational Assessment and Examination Agency (Amharic: የሀገር አቀፍ የትምህርት ምዘናና ፈተናዎች ኤጀንሲ; NEAEA) is a government agency responsible for conducting and inspection of national learning process of grade 4th and 8th since 2000, and grade 8th and 12th since 2010. [1]
However, Kenya's GDP grew at an estimated 6 percent annual rate, and Uganda achieved a 5.6 percent growth rate during the same 1960–61 to 1972–73 period. [1] By the early 1970s, Ethiopia's economy not only had started to grow but also had begun to diversify into areas such as manufacturing and services. [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.
Energy and infrastructure sectors cover the larger construction activities in Ethiopia, responsible for providing cost-effective homes for benefit of low-income households, and increased the country's GDP to 9.5%. This segment employs 1.8 million workers, which makes the second largest sector in Ethiopia. [1] Unfinished building in 2012