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Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
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
Agriculture in Ethiopia is the foundation of the country's economy, accounting for half of gross domestic product (GDP), 83.9% of exports, and 80% of total employment. Ethiopia 's agriculture is plagued by periodic drought , soil degradation [ 1 ] caused by overgrazing , deforestation , high levels of taxation and poor infrastructure (making it ...
Agriculture constitutes over 50% of economic sector in Ethiopia, and the largest dependable economic activity. It includes production of livestock products (milk, egg, meat), beverages, leather and textiles industry. Besides, Ethiopia is the largest exporter of coffee involving over 15 million active workers.
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
The Global Hunger Index for Ethiopia in 2000 was 53.7 and in 2020 it is 26.2. [10] Ethiopia's recent economic growth has improved its Global Index Score. The improvement in the economic trends are due to the growth in agriculture which plays a dominant role in Ethiopia's economy.
Economy of Ethiopia-related lists (1 C, 1 P) B. Ethiopian billionaires (1 P) Business in Ethiopia (1 C) Ethiopian businesspeople (3 C, 17 P) C. Companies of Ethiopia ...
Ethiopia registered the fastest economic growth under Meles Zenawi's administration. [237] According to the IMF, Ethiopia was one of the fastest growing economies in the world, registering over 10% economic growth from 2004 through 2009. [238] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [239]