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The Ethiopian economy has a large foreign debt, with an overall external debt of 28 billion US dollars. China owns over 13 billion dollars of its debt. Its debt to GDP ratio is smaller than similar and neighboring countries. Ethiopia currently has 2.4 billion dollars of foreign reserves, representing a decline compared to previous years. [38]
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund. [1]
Like thousands of other Ethiopian women, stitching shawls for export to the United States pays the 40-year-old textile worker's rent and her daughter's school fees. Now though, Finoteselam's job ...
This time last year, there was a whole lot of end-of-2020 prognosticating about how the economy would play out in the first post-COVID year of 2021. Now, the country is heading into its year three ...
The current account deficit and the overall fiscal deficit remained below 5 percent of GDP during this period. [1] In the third phase (1980-85), the economy experienced a setback. [1] Except for Ethiopian fiscal year (EFY) 1982–83, the growth of GDP declined. [1] Manufacturing took a downturn as well, and agriculture reached a crisis stage. [1]
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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