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Ethiopia Economic Outlook

Real GDP growth slowed in 2017/18, due partly to civil unrest, political uncertainty, and policy adjustments that involved fiscal consolidation to stabilize the public debt. On the supply side, GDP growth was driven by services (8.8% growth) and industry (12.2%), facilitated by the development of energy, industrial parks, and transport infrastructure. On the demand side, private consumption and investment continued to drive growth, along with the government’s stable spending on public infrastructure and strong foreign direct investment inflows.

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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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