Ethiopia

The area of Ethiopia is 1,104,300 sq. km, which makes it approximately as big as France and Spain combined.The capital of Ethiopia is Addis Ababa, which means “new flower” in Amharic

 

ETHIOPIA

Ethiopia remains one of the only nations in Africa never to be colonized.  It was occupied briefly by the Italians from 1936 to 1941. Ethiopia is home to 9 UNESCO World Heritage sites, more than any other country in Africa.

 

ETHIOPIA COUNTRY PROFILES

ECONOMIC GROWTH

 

Economy and Society
Ethiopia is classified a low income country by the World Bank, and is thus among the Sub-Saharan African developing countries. GDP amounted to US$ 41.61 billion in 2012 (World Bank). Annual growth in GDP between 2011-2012 was estimated at 7.8% and is forecast to be 7.5% in 2012-2013. Thus, Ethiopia has offered growth rates far exceeding the world average, outperforming most of the the Sub-Saharan African region, for which growth rates were estimated at 4.6% and 4.9% for 2011-2012 and 2012-2013, respectively, and higher than that of other conventionally preferred emerging markets (World Development Indicators 2013). Growth is expected to come from industrialization in the coming years due to Ethiopia’s lack of major natural resources (African Development Bank).
Overall, the Sub-Saharan African economy has generated resilient growth, despite sluggish global trends. In 2012, growth in Sub-Saharan GDP reached an estimated 4.6%, placing the region third among developing regions (World Development Indicators, 2013). Especially low-income countries offer high growth rates. Explanations are to found in a solid domestic demand, high commodity prices, rising exports, and remittance flows. These developments are backed by a longer period of relative stability, an increasingly competitive business environment, and poverty reduction.
Poverty reduction has been significant during the past decades, but an estimated 29.6% of the population still lives below the national poverty line. Life expectancy at birth is at 62 years, however, which is 6 years above the Sub-Saharan average (World Bank). An estimated 56% of the population has unimproved drinking water sources, with an extreme gap between urban and rural areas, and an estimated 79% has unimproved sanitation facility access. The risk of infectious diseases is very high, and maternal- and infant mortality rates are high. 29.2% of children under the age of 5 are underweight. Female illiteracy is considerable, child labour includes more than half of children aged 5-14, and income disparity is significant (CIA World Factbook).

ETHIOPIA COUNTRY PROFILE

 

Ethiopia Country Profile
Except from Italian occupation in 1936-1940, Ethiopia has maintained its freedom from colonial powers. Following the establishment of a socialist state by the military junta ‘the Derg’, a coalition of rebel forces ‘the Ethiopian People’s Revolutionary Democratic Front’ overthrew the regime in 1991, and the new 1994 constitution were followed by multi-party elections in 1995. Situated in Eastern Africa, bordering countries are Djibouti, Eritrea, Kenya, Somalia, South Sudan, and Sudan. Being a landlocked country, Ethiopia has no coastline. The climate is characterized by tropical monsoon with variations, and the terrain is marked by high plateau and a mountain range. The population counts 93,877,025, official languages are Amharic, English and Arabic, and official regional languages are Oromo, and Tigrayan.
The largest sector, in terms of GDP share, is agriculture, only exceeding services by 3%. In terms of employment, however, agriculture employs 85% of the labour force. Agricultural products are cereals, pulses, coffee, oilseed, cotton, sugarcane, potatoes, khat, cut flowers, hides, cattle, sheep, goats, and fish. Main industrial sectors are food processing, beverages, textiles, leather, chemicals, metals processing, and cement. The industrial production growth rate is, at 9.2%, a global number 21.
Source: CIA World Factbook