The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

Ethiopia

Ethiopia Economic Outlook

  • The strong growth of Ethiopia’s economy in 2014/15, estimated at 10.2%, is expected to continue in 2016 and 2017, while public investment is expected to ease infrastructure bottlenecks and bolster economic structural transformation.
  • Ethiopia faced severe drought in 2015 requiring emergency food and aid in 2016 and causing inflationary pressure, while the risk of public-debt distress increased due to rising non-concessional borrowing and export underperformance in 2014/15.
  • The urban population, growing at 3.8% per annum, is expected to reach 42.3 million by 2037, which could pose significant development challenges if not addressed.

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Key Facts

Flag:
Capital: Addis Ababa
Area: 1,110,400 sq km
Total Population 2015: 94.1 Million
Urban Population 2015: 17.51%
Female Population 2015: 49.98%
GDP: US$ 48.9 Billion
GNI Per Capita 2015: 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 (1967-2015): UA 2.6 Billion

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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