GDP in Ethiopia
Ethiopia - GDPThe economy has slowed and is set to close the current fiscal year on a weak note. Weaker overseas demand, a slowdown in private consumption and a decline in FDI inflows in the current fiscal year have dented GDP growth, which is forecast to expand at a multi-year low. Despite this pessimistic scenario, Ethiopia will remain among the best performing African economies. Plans to transform the country into a regional manufacturing powerhouse are underway and strong bilateral ties with China and intergovernmental organizations have enabled the country to repeatedly secure funds. In early May, the country was granted over USD 108 million from the World Bank, which follows the over USD 600 million in grants already received this year from the institution to support key developments in the country.
Ethiopia - GDP Data
|Economic Growth (GDP, annual variation in %)||8.7||9.9||10.3||10.4||8.0|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia GDP Chart
Source: National Bank of Ethiopia.
|Exchange Rate||23.18||-0.04 %||May 24|
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