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 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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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