Ethiopia
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.
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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Project Portfolio
| Reference | Project | Status |
|---|---|---|
| P-ET-AAG-005 | INTEGRATED AGRO INDUSTRIAL PARK DEVELOPMENT PROJECT Categories: Ethiopia, Agriculture & Agro-industries | ApprovedAPVD |
| P-ET-K00-015 | ETHIOPIA BASIC SERVICES TRANSFORMATION PROGRAM- SUPPLEMENTARY FINANCING Categories: Ethiopia, Economic & Financial Governance | ApprovedAPVD |
Latest news
- 21/05/2019 Ethiopia: African Development Bank’s Sustainable Energy Fund approves grant to spur renewable investments
- 06/05/2019 Ethiopia reaps rewards of tax policy reform, according to research from the African Development Bank
- 24/04/2019 African Development Bank, partners support smallholder farmers with 17 new project grants
Knowledge Products
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Useful Links
Contacts
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
Mr Abdul Kamara, Country Manager