Economy - overview:
Ethiopia's poverty-stricken economy is based on agriculture, accounting for almost 50% of GDP, and 85% of total employment. The agricultural sector suffers from frequent drought and poor cultivation practices. Coffee is critical to the Ethiopian economy with exports of some $350 million in 2006, but historically low prices have seen many farmers switching to qat to supplement income. Under Ethiopia's constitution, the state owns all land and provides long-term leases to the tenants; the system continues to hamper growth in the industrial sector as entrepreneurs are unable to use land as collateral for loans. In November 2001, Ethiopia qualified for debt relief from the Highly Indebted Poor Countries (HIPC) initiative, and in December 2005 the IMF forgave Ethiopia's debt. The global economic downturn led to balance of payments pressures, partially alleviated by recent emergency funding from the IMF. While GDP growth has remained high, per capita income is among the lowest in the world.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Ethiopia on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Ethiopia Economy 2012 information contained here. All suggestions for corrections of any errors about Ethiopia Economy 2012 should be addressed to the CIA.
$94.76 billion (2011 est.)
country comparison to the world: 73
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$30.5 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
7.5% (2011 est.)
country comparison to the world: 13
[see also: GDP - real growth rate country ranks ]
$1,100 (2011 est.)
country comparison to the world: 207
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 49.3%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 11.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 39.6% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
37.9 million (2007)
country comparison to the world: 17
[see also: Labor force country ranks ]
agriculture: 85%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 5%
[see also: Labor force - by occupation - industry country ranks ]
services: 10% (2009 est.)
[see also: Labor force - by occupation - services country ranks ]
NA%
[see also: Unemployment rate country ranks ]
38.7% (FY05/06 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 4.1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 25.6% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
30 (2000)
country comparison to the world: 117
[see also: Distribution of family income - Gini index country ranks ]
25.7% of GDP (2011 est.)
country comparison to the world: 59
[see also: Investment (gross fixed) country ranks ]
revenues: $4.645 billion
[see also: Budget revenues country ranks ]
expenditures: $5.25 billion (2011 est.)
[see also: Budget expenditures country ranks ]
15.2% of GDP (2011 est.)
country comparison to the world: 185
[see also: Taxes and other revenues country ranks ]
-2% of GDP (2011 est.)
country comparison to the world: 76
[see also: Budget surplus (+) or deficit (-) country ranks ]
42.3% of GDP (2011 est.)
country comparison to the world: 72
[see also: Public debt country ranks ]
28.8% (2011 est.)
country comparison to the world: 220
[see also: Inflation rate (consumer prices) country ranks ]
NA%
[see also: Central bank discount rate country ranks ]
15% (31 December 2011 est.)
country comparison to the world: 52
[see also: Commercial bank prime lending rate country ranks ]
$6.199 billion (31 December 2011 est.)
country comparison to the world: 89
[see also: Stock of narrow money country ranks ]
$10.52 billion (31 December 2011 est.)
country comparison to the world: 103
[see also: Stock of broad money country ranks ]
$10.92 billion (31 December 2011 est.)
country comparison to the world: 94
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
cereals, pulses, coffee, oilseed, cotton, sugarcane, potatoes, qat, cut flowers; hides, cattle, sheep, goats; fish
food processing, beverages, textiles, leather, chemicals, metals processing, cement
9.5% (2010 est.)
country comparison to the world: 10
[see also: Industrial production growth rate country ranks ]
3.715 billion kWh (2008 est.)
country comparison to the world: 122
[see also: Electricity - production country ranks ]
3.357 billion kWh (2008 est.)
country comparison to the world: 126
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 169
[see also: Oil - production country ranks ]
47,000 bbl/day (2010 est.)
country comparison to the world: 100
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 170
[see also: Oil - exports country ranks ]
33,480 bbl/day (2009 est.)
country comparison to the world: 99
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 180
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 175
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 95
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 189
[see also: Natural gas - imports country ranks ]
24.92 billion cu m (1 January 2011 est.)
country comparison to the world: 73
[see also: Natural gas - proved reserves country ranks ]
-$1.334 billion (2011 est.)
country comparison to the world: 143
[see also: Current account balance country ranks ]
$2.231 billion (2011 est.)
country comparison to the world: 138
[see also: Exports country ranks ]
coffee, qat, gold, leather products, live animals, oilseeds
China 13.9%, Germany 10.5%, Belgium 7.5%, Saudi Arabia 7.1%, US 6.8%, Sudan 4.6% (2010)
$7.888 billion (2011 est.)
country comparison to the world: 105
[see also: Imports country ranks ]
food and live animals, petroleum and petroleum products, chemicals, machinery, motor vehicles, cereals, textiles
China 15.1%, US 9.5%, Saudi Arabia 8.8% (2010)
$2.029 billion (31 December 2011 est.)
country comparison to the world: 119
[see also: Reserves of foreign exchange and gold country ranks ]
$6.402 billion (31 December 2011 est.)
country comparison to the world: 105
[see also: Debt - external country ranks ]
birr (ETB) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12