Federal democratic republic of ethiopia, addis ababa. Prospects and challenges of structural transformation in ethiopia. While the drought slowed down growth in 2015 16 the economy still expanded by 8 percent, which is a sign of increased economic resilience. Ethiopia the second most populous country in africa is a oneparty state with a planned economy. Ethiopia gdp from agriculture 19992018 data 20192020.
The ethiopian government has resisted liberalizing key sectors to foreign and local investors, but the executive committee of the ethiopian peoples revolutionary democratic front eprdf, the ruling party, disclosed a plan to partially liberalize key economic sectors in june 2018. Small and micro enterprises smes development in ethiopia. As demisew 2016 had presented to 5th apiexpo africa, the. In spite of actual and policyinduced obstacles, the ethiopian economy during the last three years, like that of many other developing countries,1 has shown signs of life. The oxford handbook of the ethiopian economy edited by fantu cheru, christopher cramer, and arkebe oqubay oxford handbooks.
Ongoing infrastructure projects include power production and distribution, roads, rails, airports and industrial parks. Best experiences have been drawn in the process of leading and managing the economy on how to coordinate and mobilize the people at large, the private sector and non government organization for accelerated and sustained growth. The overall farming system is strongly oriented towards grain production as source of livelihood and way of life. The ethiopian economy download ebook pdf, epub, tuebl, mobi.
Government spending will remain high in the runup to the august 2020 election. The ethiopian government claims its practice of cheaply leasing out large tracts of land to major agribusinesses after resettling or displacing the local population are necessary to sustain. Review of economical and ecological importance of bee and. The growth opportunities and challenges of the ethiopian economy are. Construction and services sectors account for most of the growth from the supply side. Ethiopian economic associationethiopian economic policy research institute eeaeepri. Ethiopias steady economic growth leads to poverty reduction. Productive capacity and economic growth in ethiopia the united.
However, the banking, telecommunication and transportation sectors of the economy are dominated by governmentowned companies. Inflation has remained in single digits for the last two years. Selection of key themes for ethiopia developmental state via 5 year plans rapid industrialisation strategy key role of logistics infrastructure in growth building tourism around ethiopian airlines fragile state political unrest emergency rule o. On this page you can read or download ethiopian grade 11 economics text book pdf in pdf format. Ethiopia economy gdp, inflation, cpi and interest rate. How does the fruit and vegetable sector contribute to food and nutrition security. Imf world economic outlook imf 2016 reports for 2015 a growth. Agriculture has been practiced for centuries in ethiopia.
The staff report prepared by a staff team of the imf for the executive boards consideration on september 21, 2015, following discussions that ended on june 17, 2015, with the officials of the federal democratic republic of ethiopia on economic developments and policies. The ethiopian economy grew by 8 in 2015 16 due to the recent drought affecting agricultural production with spillovers on the trade sector. Ethiopia economic outlook african development bank. For more than a decade before 2016, ethiopia grew at a rate between 8% and 11% annually one of the fastest growing states among the 188 imf member countries. It has been one of the oldest civilizations in africa. Growth and transformation plan gtp 201011201415 draft. The performances and challenges of growth and transformation plan i in ethiopia. Mobile phone penetration was recorded at 51%, up from 43% in 2015. Directors supported the national bank of ethiopias tight monetary stance, in light of recent. The government of ethiopia is in the process of privatizing many of the stateowned businesses and moving toward a market economy. Ethiopia has an agriculturebased economy, wherein the agricultural sector accounts for 46. Productive capacity and economic growth in ethiopia.
Considering 2015 is the year the first growth and transformation. Growth was driven mainly by the services sector from the. The economy will continue to grow robustly throughout the 202024 forecast period. This report represents solely the views, analysis, and judgement of the cepheus research team and does not. How does the fruit and vegetable sector contribute to food.
The ethiopian economy continued its strong expansion in fy14 with. Ethiopias real gross domestic product gdp growth decelerated to 7. According to official data, the ethiopian economy has grown at 10. Ethiopian way by the world bank in one of the most extensive studies on ethiopias recent growth and development policies. Ethiopias economic miracle is running out of steam. Introduction since 1992 the government of ethiopia has introduced a variety of reforms aimed at improving. Pdf this report outlines and analyses the structures and history of the ethiopian political economy. And yet, change in the structure of the ethiopian economy has been relatively. Annual economic report ethiopian economic association.
Changes in rainfall associated with worldwide weather patterns resulted in the worst drought in 30 years in 201516, creating food insecurity for millions of ethiopians. The major weakness of the ethiopian economy is the dependence on agriculture, periodic serious droughts, and a wardamaged infrastructure. On this page you can read or download grade 12 economics text book of ethiopian pdf in pdf format. Poverty, peasantry and agriculture in ethiopia sciencedirect. High levels of foreign investment are expected, given that the government is pushing ahead with its reformist agenda and continues to privatise stateowned enterprises. Ethiopias managed float exchange rate foresees a 5%6% annual depreciation to adjust for inflation differentials with trading partners. Ethiopia mining sector and business prospects introduction. Seizing the occasion i would like to warn about the consequences of exponential population growth in ethiopia. Exports expanded robustly in the quarter and public investment also increased solidly, although the. Coffee is a integral export crop in the region, however, seasonal droughts and substandard cultivation methods threaten economic growth from agriculture 2. Ethiopias economy is concentrated in the services and agriculture sectors. Shares of services in total exports, 2005 and 2015. Strong economic growth continued in 201415, but the drought slowed down ethiopias growth to 8 percent in 201516. Under haile selassie i reigned 193074, ethiopias economy enjoyed a modicum of free enterprise.
Based on the most recent household living standards survey, ethiopias poverty levels fell by around 20% between 2011 and 2016 although they remain high especially in the rural areas and for the bottom 40% of the population. However, in recent months in 2015, domestic food prices are increasing. Economic policy and structural transformation in ethiopia oxford. Lately, this has generated optimism in ethiopia, a country otherwise known for its disproportionate share of sordid human tragedies. Even more, it provides a guide to the political economy of policy and policy. The impact of fast economic growth is reflected in the improvement in the monetary welfare levels of ethiopian households. This page provides ethiopia gdp from agriculture actual values, historical data, forecast, chart, statistics, economic calendar and news. The story of ethiopias incredible economic rise quartz. Current economic policy in ethiopia ethiopian economic.
Eight pillar strategies were developed under pasdep which have been carrying forward important. Trends in annual inflation in % headline food core nonfood 18. This site is like a library, use search box in the widget to get ebook that you want. Especially after world war ii, tourism, banking, insurance, and transport began to contribute more to the. Unicef annual report 2015 ethiopia executive summary context. Ethiopia economy, politics and gdp growth summary the. This robust growth reinforced economic reform and poverty reduction efforts aimed at achieving the mdgs by 2015. The structure of the ethiopian economy a sambased characterisation1 alemayehu seyoum taffesse and tadele ferede2 may 2004 i. Learn more about the ethiopia economy, including the population of ethiopia, gdp, facts, trade, business, inflation and other data and analysis on its economy from the index of economic freedom. In may 2015, the headline inflation continued its upwards trend, albeit on relatively low levels, and reached 9.
While the drought slowed down growth in 201516 the economy still expanded by 8 percent, which is a sign of increased economic resilience. Ethiopia mining sector and business prospects ke september, 2016 ethiopia mining sector and business prospects introduction ethiopia, with a population of roughly 95 million, is the second most populous country in subsaharan africa, and one of the fastest. The stark contrast between rural subsistence farming in ethiopia and the sprawling city of addis ababa. This is slightly faster growth than on average over the past 6 months mainly due to an increase in food inflation. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade sector. Our view of the ethiopian economy is inspired by keynesian and structuralist thinking in the tradition of the.
College of agriculture and environmental sciences, school of agricultural economics and agro business. Access the latest politics analysis and economic growth summary through 2011 for ethiopia from the economist intelligence unit ethiopia economy, politics and gdp growth summary. High inflation has, however, contributed to overvaluation of the ethiopian birr despite the 15% devaluation in 2017, necessitating a. The production and export of cash crops such as coffee were advanced, and importsubstituting manufactures such as textiles and footwear were established. Green economy in the context of sustainable development and poverty eradication 42 6. Click download or read online button to get the ethiopian economy book now.
During this period a structural change is observed as agriculture declined in its share and. The oxford handbook of the ethiopian economy fantu cheru. One of the worlds fastest growing, the ethiopian economy is among the strongest in the nile region, with the majority of growth being from agricultural production. If you dont see any interesting for you, use our search form on bottom v. College of agriculture and environmental sciences, department of animal sciences, adigrat university, adigrat, ethiopia 2. Contribution of livestock sector in ethiopian economy. Find, read and cite all the research you need on researchgate. Article iv consultation with the federal democratic republic of ethiopia. A possible financial risk associated with growing stock of external debt at 24. Overall, this is a book that must be read before anyone can claim to have an understanding of the ethiopian economy. Ethiopias economy experienced strong, broadbased growth averaging 9. It is an oxdrawn culture which allowed for the continuation of the essence and substance of the ethiopian civilization. The economy of ethiopia is a mixed and transition economy with a large public sector. D july 7, 20 introduction on july 5, 20 the central statistical agency of ethiopia announced that the ethiopian population has reached 86 million people.
572 195 497 1584 772 1041 201 507 589 622 275 413 734 1624 1569 1273 923 905 1498 1441 834 845 925 1639 556 135 1387 936 1492 999 1381 713 340 942 47 750