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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]
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 Ethiopian government has encouraged imports, purchasing Chinese equipment and supplying it to local construction and manufacturing firms on a lease-to-buy basis. [39] Trade continues to grow rapidly. By 2015 bilateral trade had grown to $3.8 billion, with Ethiopian exports encouraged through special quota and tariff arrangements on many ...
This page was last edited on 5 November 2024, at 14:57 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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An organized labor movement came late to Ethiopia. This was due, in part, to the small size of its industrial working force (which was estimated to number 15,583 in 1957), but more importantly because the Ethiopian government viewed any type of organized protest as a form of insurrection. [4]: 147
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