As one of the fastest-growing economies in the world, Ethiopia’s economy has achieved robust, broad-based growth.
Averaging 10.3% a year from 2006/07 to 2016/17, compared to a regional average of 5.4%.
- Ethiopia has made significant progress in achieving the Millennium Development Goals. The share of its population living below the poverty line declined from 44 percent in 2000 to around 30 percent in 2010; by the end of the GTP I period (2014/15), the figures fell further to 23.4 percent (National Planning Commission 2015).
Economic growth 2012/13-2016/17
Source: National Bank of Ethiopia
Exports by destination (Country) (2016/2017) Imports by origin (Country)(2016/17)
Exports by destination (Region) (2016/2017) Imports by origin (Region)(2016/17)
Source: National Bank of Ethiopia (NBE)
Fast economic growth, conducive investment climate, large market size, and high-level government commitment towards FDI attraction have contributed to the growth of FDI inflow into Ethiopia-making the country the largest recipient of FDI in East Africa and the 4th largest on the continent.
East Africa, the fastest-growing region in Africa, received $8.9 billion in FDI in 2018, of which Ethiopia absorbed more than a third and is now the 4th largest recipient of FDI in the continent of Africa (after Egypt, Algeria, and Nigeria) and the largest in East Africa. (UNCTAD, World Investment Report 2019 and FDI Intelligence).
FDI Inward Stock
Demographics: distribution of the population according to age
- 0-14 years: % (male 21,273,689 / female 20,781,262)
- 15-24 years: % (male 11,488,831 / female 11,302,256)
- 25-54 years: % (male 15,682,287 / female 15,983,019)
- 55-64 years: 1,929,554 / female 2,213,067)
- 65 years and over: % (male 1,706,335 / female 1,984,631) (2017 est.)