GDP in Ethiopia
Ethiopia - GDPGrowth strengthened in the 2018–2019 fiscal year, which ended in July, boosted by rock-solid industrial production and a thriving services sector. Soaring infrastructure spending and buoyant activity in transport and communications were behind the stellar performances of the secondary and tertiary sectors, respectively. However, agricultural output increased at a much softer pace. Meanwhile, in mid-December, the government struck an agreement with the IMF for a three-year USD 2.9 billion financing package which will support the country’s economic reform agenda. Earlier in the month, Prime Minister Abiy Ahmed stated the country will receive a USD 3.0 billion loan from the World Bank with the same end. On the political front, the electoral board proposed to hold national elections on 16 August, which would mark the first elections since Ahmed’s gradual political and economic liberalization reforms.
Ethiopia - GDP Data
|Economic Growth (GDP, annual variation in %)||10.4||8.0||10.9||7.7||-|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia GDP Chart
Source: National Bank of Ethiopia.
|Exchange Rate||31.98||0.01 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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