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Despite these improvements, poverty is still extremely high within the country. [1] Based on the most recent data from 2019, 68.7% of the population is affected by multidimensional poverty and an additional 18.4% vulnerable to it. [2] One of the leading factors in driving down poverty was the expansion of the agricultural sector. [1]
While rural poverty declined from 45.5% in 1995–96 to 23.5% in 2015–16, the urban poverty also declined 33.2% to 14.8% in the same period. Rural poverty rate is twice higher than urban poverty. Informal sector has been the major instant source of employment in Ethiopia rather than formal, which requires specialized skill and working capital.
However, poverty in Ethiopia fell from 44% to 29.6% during 2000–2011, according to the World Bank. [290] In the capital city of Addis Ababa, 55% of the population used to live in slums. [ 284 ] Now, however, a construction boom in both the private and the public sector has led to a dramatic improvement in living standards in major cities ...
According to World Bank, "Poverty headcount ratio at a defined value a day is the percentage of the population living on less than that value a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions."
The 1983–1985 famine in Ethiopia had a death toll of 1.2 million, leaving "400,000 refugees outside the country, 2.5 million people internally displaced, and almost 200,000 orphans." [20]: 44 [22] The majority of the dead were from Tigray and other parts of northern Ethiopia. [23] 2003 A severe drought affected 13.2 million people in 2002/2003.
Since the mid-1990s, there has been a steady decline in both the worldwide poverty rate and the total number of extreme poor. In 1990, the percentage of the global population living in extreme poverty was 43%, but in 2011, that percentage had dropped down to 21%. [22]
ADDIS ABABA (Reuters) -Security forces in Ethiopia are cracking down on hotels, bars and restaurants in the capital Addis Ababa where gay sexual activity is alleged to take place, the city ...
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. [80] Industry, mainly construction, and services accounted for most of the growth.