GDP in Ethiopia
Ethiopia - GDPEthiopia is currently in a rough patch. FDI inflows plunged notably in the first half of the current fiscal year as violent protests targeting foreign businesses deterred investment. A massive drought in parts of the country has hindered yields in the agricultural sector, which accounts for over 40% of the economy, and put millions at risk of famine and starvation. Despite these unfavorable developments, GDP growth is expected to remain resilient. The country secured over USD 200 million in fresh funds from China earlier this year and last month it began the construction of the first of 17 industrial parks. These projects will be instrumental in shifting the economy’s reliance from the primary sector to manufacturing and are likely to have a positive impact on the economy in the short- and medium-term.
Ethiopia - GDP Data
|Economic Growth (GDP, annual variation in %)||8.7||9.9||10.3||10.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia GDP Chart
Source: National Bank of Ethiopia.
|Exchange Rate||22.96||0.25 %||Mar 27|
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