Ethiopian economy 2014 pdf

Outlook the ethiopian economy has experienced impressive growth performance over the last decade with average gdp growth rate of 11 %, which is about double of the average growth for sub saharan africa. At the same time, gdp growth has been surging, partly because of. Ethiopia economy gdp, inflation, cpi and interest rate. The ethiopian economy has slowly climbed the ranks of the mostly unfree for the past five years.

Industrial policy and development in ethiopia brookings institution. Global entrepreneurship and development index 2014. Ethiopia the second most populous country in africa is a oneparty state with a planned economy. Federal democratic republic of ethiopia growth and transformation. Buoyant infrastructure spending and the governments ambitious reform drive should ensure growth remains among the fastest in the region in fy 2019. Rodrik 2014 argues that sus taining rapid growth in african countries is unlikely without a profound structural change in favor of manufacturing. However, the contribution of the industrial sector to gdp, employment and exports remains low.

The world bank team welcomes feedback on the ethiopia economic update. Productive capacity and economic growth in ethiopia. For more than a decade before 2016, gdp grew at a rate between 8% and 11% annually one of the fastest growing states among the 188 imf member countries. Development programs that will be implemented in the gtp five year period will. But the country still has to deal with civil unrest and drought.

Ethiopia, africas second most populated country, is forecast to be the fastest growing economy in subsaharan africa this year, according to new data from the imf. Productive capacity and economic growth in ethiopia the united. Our view of the ethiopian economy is inspired by keynesian and structuralist thinking in the. Growth was driven mainly by the services sector from the supply side and public investment from the demand side. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade sector. The federal democratic republic of ethiopia international. The ethiopian economy continued its strong expansion in fy14 with real gdp growing by 10. The ethiopian economy continued its strong expansion in fy14 with real gdp growing.

According to official data, the ethiopian economy has grown at 10. At the same time, gdp growth has been surging, partly because of rising business confidence and. Ethiopia is now africas fastest growing economy cnn. While the drought slowed down growth in 201516 the economy still expanded by 8 percent, which is a sign of increased economic resilience. African economic outlook 2014 global value chains and africas industrialisation african development bank development centre of the organisation. The ethiopian economy has experienced impressive growth performance. However, security concerns, drought and the sustainability of government spending remain causes for concern. Productive capacity and economic growth in ethiopia 1 introduction ethiopia is one of the largest least developed countries ldcs in subsaharan africa, with a popula. Gdp per capita growth 20002014 in selected fast growing ssa countries, p. Pdf this book shows that ethiopian underdevelopment has more to do with the political will in selecting the appropriate policy path than with any.