Ethiopia Economic Outlook

Ethiopia is steadily recovering from the 2015/16 and 2017 droughts, with continued expansion of services and industry and a rebound in agriculture. At 39.3%, services accounted for the largest share of GDP in 2016/17, 39.3%, driven by trade, transport, and communications, although this share decreased from 47.3% in 2015/16. Industry’s share of GDP increased from 16.7% in 2015/16 to 25.6% in 2016/17, driven by construction, electricity, and manufacturing. Implementation of the export-led industrialization strategy supported growth in industry. Although agriculture’s share of GDP stagnated at 36%, the sector’s growth rate increased from 2.3% in 2015/16 to 6.7% in 2016/17 due to rising commodity prices, notably for coffee. Growth continues to be led by investment in line with stable public infrastructure spending and higher foreign direct investment (FDI). Real GDP growth during 2017/18–2018/19 will be led by greater agricultural productivity and strong industrial growth.

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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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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

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