
Ethiopia
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.
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 |
Activity
29/06/2017 - Industrialising Africa: An Ethiopian Africa...
24/07/2015 - Ethiopie - Discours des Gouverneurs - Assemblées...
02/11/2014 - AEC 2014 : Interview - Nkosana Moyo - Executive...
Project Portfolio
Reference | Project | Status |
---|---|---|
P-ET-FA0-013 | ADDIS ABABA TRANSMISSION & DISTRIBUTION SYSTEM REHABILITATION AND UPGRADING PROJECT (AATDRUP) Categories: Ethiopia, Energy & Power | ApprovedAPVD |
P-ET-E00-014 | ADDITIONAL FINANCING FOR LOAN AND GRANT FOR ONE WASH NATIONAL PROGRAM Categories: Ethiopia, Water Supply & Sanitation | OngoingOnGo |
News
- 23/03/2018 - Agriculture Fast Track Fund to launch 12 new projects in support of agribusiness SMEs in six African countries
- 07/03/2018 - East African Ministers share African Development Bank's vision for the continent
- 07/03/2018 - Africa's population explosion is a ticking time bomb - African Development Bank Governors
Resources
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