Sub Saharan Africa

Ethiopia
Last reviewed: 17 April 2008

Country information

Ethiopia today
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ECONOMY

Basic Economic Facts

GDP: US$17bn (2007)
Real GDP growth: 9.6-9.8% (2007)
GDP per head: US$917 (2007)
Inflation: 16-17% (2007)
Major Industries: Agriculture and animal husbandry 80%, Government and services 12%, Industry and construction 8%.
Major trading partners: Saudi Arabia, Djibouti, US, Germany, China, Japan, Italy and India. Agriculture accounts for nearly half the country's GDP, 60% of its exports and 80% of total employment. Rural Ethiopia is exceptionally poor. However, the last 5 years have seen impressive growth rates of averaging above 10%. Inflationary pressures are growing, especially on food prices.

World Bank