GDP in Ethiopia
Ethiopia - GDPEthiopia is off to a rough start in 2017. On 17 January, the government launched an appeal for USD 948 million to address food needs as the country is facing a new drought. According to the UN Food and Agriculture Organization (FAO), this will have a particularly negative impact on livestock, which accounts for about 20% of GDP. The government’s response plan aims to help 5.6 million people mainly in the southern and eastern parts of Ethiopia. The country had already faced a disastrous El Niño-induced drought last year, which is likely to have derailed the economy from the government’s double-digit growth target for FY 2015, which ended in July 2016. On a more positive note, the Djibouti-Ethiopia railway was inaugurated, which should help unlock Ethiopia’s commercial potential in the long-run.
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.
Note: GDP, annual variation in %.
Ethiopia GDP Chart
Source: National Bank of Ethiopia.
|Exchange Rate||22.75||-0.45 %||Feb 16|
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