GDP in Ethiopia
Ethiopia - GDPThe fast-growing Ethiopian economy is expected to have slowed in the fiscal year that ended on 7 July. An ongoing drought that affected the country’s large agricultural sector caused private consumption and exports growth to slow, which dragged on the overall economic performance. Despite these headwinds, the economy remains in good shape thanks to strong investment and support from international donors. The country’s legislature approved USD 860 million in loans from different sources to finance infrastructure projects and industrial parks primarily. Investment in industrial parks in seen as instrumental to transforming the country into a manufacturing hub and reducing the over-reliance on the primary sector.
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||23.48||-0.04 %||Jul 26|
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