Ethiopia

Ethiopia Economic Outlook

  • In 2013/14, Ethiopia’s economy grew by 10.3%, making the country one of Africa’s top performing economies and this strong growth is expected to continue in 2015 and 2016.
  • Owing to a co-ordinated prudent fiscal and monetary policy stance, inflation has been contained to single digits since 2013.
  • Federalism and devolution of power to the regions are paving the way to overcoming geographic and socio-economic barriers to inclusive growth and structural transformation.

Contacts

Ethiopia field office

African Development Bank Group
Get-House Building, 7th and 8th Floor
Kirkos Sub-City, Kebele 20/21, House  N° 056
Addis Ababa, Ethiopia
P.O. Box 25543 - 1000

Phone: (251) 115 546 336
Fax: (251) 115 546 335

Mrs. Josephine Ngure, Resident Representative

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director

Key Facts

Flag:
Capital: Addis Ababa
Area: 1,110,400 sq km
Total Population 2013: 94.1 Million
Urban Population 2013: 17.51%
Female Population 2013: 49.98%
GDP: US$ 48.9 Billion
GNI Per Capita 2013: US$ 380
Inflation Rate: 7.42%
Crude Birth Rate (per 1000): 33.02%
Human Development Index (rank / 187): 173
Human Development Index (scale 0 to 1): 0.396
Membership Date: 10/09/1964
Cumulative Approvals (1967-2013): UA 2.4 Billion

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