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The Second Five-Year Plan (1962–1967) signaled the start of a 20-year program to change Ethiopia's predominantly agricultural economy to an agro-industrial one. [41] The Third Five-Year Plan (1968–1973) also sought to facilitate Ethiopia's economic well-being by raising manufacturing and agro-industrial performance. [41]
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]
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 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.
Ethiopia is one of the least developed countries but is sometimes considered an emerging power, [28] [29] having the fastest economic growth in sub-Saharan African countries because of foreign direct investment in expansion of agricultural and manufacturing industries; [30] agriculture is the country's largest economic sector, accounting for ...
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 ...
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.
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 ...