Ethiopia economic outlook african development bank. Ethiopias economic growth performance african development bank. Economic growth, development and poverty in ethiopia. 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. Baseyear analysis expresses economic measures in baseyear pr ices to eliminate the effects of inflation. The economic outlook is positive, and real gdp growth is projected to stabilize at 7. Productive capacity and economic growth in ethiopia the united. Despite the lower economic growth of ssa countries, it was characterized as irregularity which is not the case of ethiopia economic growth.
With real gdp growth at or near double digit levels since 200304, the country. The paper starts with an overview of ethiopia s economic growth and the change in the domes tic economic structure. The ethiopian government has developed comprehensive agricultural and economic development plans that have contributed to the countrys substantial growth in agriculture, industry and services. The paper starts with an overview of ethiopias economic growth and the change in the domes tic economic structure. Pdf infrastructure development and economic growth in. This economic growth was higher than the average ssa economic growth. Economic policy and structural transformation in ethiopia oxford. Ethiopias growth miracle, coupled with its large population and.
The poverty headcount, measured by the national poverty line, fell from 38. Economic growth and development in ethiopia springerlink. Growth should benefit from the homegrown economic reform program, which seeks to address macroeconomic imbalances and unlock structural. The ethiopian economy has experienced impressive growth performance over the last decade with average gdp growth rate of 11 %, which is about double of. This robust growth reinforced economic reform and poverty reduction efforts aimed at achieving the mdgs by 2015. Pdf determinants of food security in the oromiya region of ethiopia. Economic growth, development and poverty in ethiopia by teshome a. The manufacturing sector is seen as the success of ethiopia s growth. However, basic challenges such as unskilled labor, high. Currency devaluation and economic growth the case of ethiopia. Ethiopia macroeconomic handbook 2019 cepheus growth capital. Ethiopia economy gdp, inflation, cpi and interest rate. Growth was driven mainly by the services sector from the supply side and public investment from the demand side. The strong economic growth in the past decade helped to reduce poverty significantly.
Ethiopia to achieve sustainable economic growth without longterm stability in the horn of africa region12. Since the start of the modern economics in 1776, many counties used all their resources and efforts to. Achieving broadbased, accelerated and sustained economic growth so as to eradicate poverty has been and is a key objective of the government of ethiopia. He then went on to sign a trilateral cooperation agreement among eritrea, somalia, and.
In 2006, 2010 and 20, the average ssa countries annual economic growth was 6. In this paper i analyze the effects of devaluation on gdp per capita growth in ethiopia using time series data from 1980 to 2010. Effects of tax and government expenditure on economic growth in ethiopia. Pdf the paper performs a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of. In brief, we find that ethiopias rapid economic growth, concentrated in agriculture and services, was driven by substantial public infrastructure investment and.
Productive capacity and economic growth in ethiopia. Ethiopia s real gross domestic product gdp growth decelerated to 7. Federal democratic republic of ethiopia growth and transformation. Currency devaluation and economic growth the case of ethiopia abstract devaluation of currency has an ambiguous effect on economic growth of a country.
Introduction any country or government in the world works day and night to achieve economic development to improve the welfare of its nation. Determinant of economic growth in case of ethiopia. Although data showing healthy export growth points to a good start to fiscal year 2019a2020 july 2019july 2020, the outbreak of coronavirus will be taking a heavy toll on the economy. Pdf determinant of economic growth in case of ethiopia. After more than two decades of civil war, the effects of which were exacerbated by international conflicts. Ethiopia has experienced strong economic growth in recent years. The main development agenda of the ethiopian government is poverty eradication. In less than six months after his appointment, prime minister abiy concluded a peace agreement with eritrea in september 2018. There has also been tremendous growth in the number, diversity and market share of private businesses in the ethiopian economy. Recent economic developments the ethiopian economy continued its strong expansion in fy14 with real gdp growing by 10. Over the last two decades, the ethiopian economy has emerged as one of africas economic success stories with rapid gdp growth and significant poverty.
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