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Ethiopia
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.
Key Facts
| Flag: |  |
| 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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Useful Links
Contacts
East Africa Regional Hub (RDGE)
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
Ms. Nnenna Nwabufo, Director General
Ethiopia Country 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
Dr Abdul Kamara, Country Manager / Deputy Director General