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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. [79] Industry, mainly construction, and services accounted for most of the growth.
The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. Such calculations are prepared by various organizations, including the IMF and the World Bank. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to ...
Ethiopia, [c] officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa. It shares borders with Eritrea to the north , Djibouti to the northeast , Somalia to the east , Kenya to the south , South Sudan to the west , and Sudan to the northwest .
Ethiopia has 20 cement factories which produce mainly OPC and PPC cement. Two other cement factories are in the pipeline. As of 2017, production capacity in Ethiopian, according to the Ethiopian Reporter, [14] has increased to 15 million tonnes per year, but local consumption is only 6 million tonnes per year.
The capacity factor of the planned hydropower plant – the expected electricity production divided by the potential production if the power plant was utilised permanently at full capacity – was only 32.9% compared to 45–60% for other, smaller hydropower plants in Ethiopia. Critics concluded that a smaller dam would have been more cost ...
The assumption of the capacity factor has a significant impact on the calculation of LCOE as it determines the actual amount of energy produced by specific installed power. Formulas that output cost per unit of energy ($/MWh) already account for the capacity factor, while formulas that output cost per unit of power ($/MW) do not. [12]
Ethiopia plans 800 MW of wind power. [11] As the dry season is also the windy season, wind power is a good complement to hydropower. Ethiopia has benefitted from the creation and sustainment of two large wind power systems. In October 2013 the largest wind farm on the continent, the Adama plants, started capturing energy in Ethiopia.
Harvard Economist Robert Barro created what he dubbed the "Barro Misery Index" (BMI), in 1999. [3] The BMI takes the sum of the inflation and unemployment rates, and adds to that the interest rate, plus (minus) the shortfall (surplus) between the actual and trend rate of GDP growth.