GDP in Ethiopia
Ethiopia - GDPGrowth is likely to have dipped in FY 2016, which ended on 7 July, as a significant drought affecting agricultural production depressed exports and consumer spending. However, the economy’s underlying fundamentals remain strong, and concerted government efforts to turn Ethiopia into the continent’s leading manufacturing hub are paying off. The country is attracting sizeable inward investment, particularly from key partner China, which is investing heavily in infrastructure projects. In August, the government announced an agreement to develop a port facility in Sudan. This should reduce reliance on Djibouti for access to global shipping lanes, helping diversify and expand the country’s international trade.
Ethiopia - GDP Data
|Economic Growth (GDP, annual variation in %)||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||23.55||-0.21 %||Sep 21|
|Stock Market||0.2||0.0 %||Sep 21|
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