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Ethiopia Economic Outlook

Real GDP growth slowed to an estimated 7.4% in 2019 from 7.7% in 2018, caused by social unrest and fiscal consolidation to stabilize the public debt. On the supply side, industry and services continued to lead growth in 2019. Industry was driven by construction, notably for industrial parks and infrastructure investments. Structural transformation is under way but needs to accelerate. While agriculture’s share in GDP has fallen, the sector still employs more than 70% of Ethiopia’s workforce.

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Key Facts

Capital: Addis Ababa
Area: 1,110,400 sq km
Total Population 2017: 104.3 Million ...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 93.0 Billion
GNI Per Capita 2015: US$ 590
Inflation Rate: 8.42%
Crude Birth Rate (per 1000): 30.90%
Human Development Index (rank / 188): 174
Human Development Index (scale 0 to 1): 0.448
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 2.9 Billion

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