Table 1. was far beyond the growth rates recorded in aggre-gate terms for Sub-Saharan Africa (SSA), which on average only reached 5.2 percent, less than half of Ethiopia’s average real GDP growth rate during that period. Found inside – Page 170Leading African countries in production (GWh) Renewable energy Geothermal Kenya Leading African countries with capacity (MW) Ethiopia, Kenya Congo DR, ... Ethiopia is one of the least developed countries in the world. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data published Monthly by Central Statistical Agency. Ethiopia has the highest economic growth rate of 194 countries tracked by the fund. 5. Compared to the October WEO forecast, the estimate for 2019 and the projection for 2020 represent 0.1 percentage point reductions for each year while that for 2021 is 0.2 percentage point lower. 6.1 (%) in 2020. The current population of Ethiopia is 118,282,898 as of Friday, September 3, 2021, based on Worldometer elaboration of the latest United Nations data. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Found inside – Page 19Actual Projections Average 8/ Historical Projections 2017 2018 2019 2020 ... 2/ Contribution from nominal interest rate Contribution from real GDP growth ... FocusEconomics panelists see the economy growing 6.6% in FY 2021, which is up 0.1 percentage points from last month’s forecast, and 6.6% again in FY 2022. In 2020, real GDP growth for Ethiopia was 6.1 %. Found inside – Page 1Using price data from a large number of markets in Ethiopia, we find that real prices ... This rising demand is likely due to recent income growth and rapid ... Please check your download folder. Total public spending remained stable, in line with the country’s fiscal consolidation strategy. Ethiopia GDP (Gross Domestic Product) was INT$264.05billion for 2020 in PPP terms. 4. Found insideAn Agrarian Economy in Transition Yared Seid, Alemayehu Seyoum Taffesse, and Seid Nuru Ali Ethiopia has experienced rapid economic growth since 2005, ... Growth was led by the services and industry sectors, whereas the hospitability, transport, and communications sectors were adversely affected by the pandemic and the associated containment measures to prevent the spread of the virus. sectors—for 2019 and 2020. 2. As a whole, the global literacy rate is high. Exports are forecast to reach a record 4.12 million bags (247,200 metric tons). 2020 (up 23 percent year-on-year vs a planned growth of 12.5 percent), reflecting the fiscal and monetary stimulus enacted in response to the Corona pandemic. IMPACT OF COVID-19: As of December 1, 2020, 1,709 deaths had been attributed to the pandemic in Ethiopia, and economic growth was forecast to decline to 1.9 percent for the year. Yet there are now real questions about whether Ethiopia’s recent economic growth will continue going forward. Found inside – Page 12Potentially, dairy is the largest rural employer in the Ethiopian highlands. ... Government of Ethiopia's Second Growth and Transformation Plan 2015-2020. crude birth and death rates also declined to 14.7 and 6.4 per 1,000 people, respectively (Figure 3 and Table 1).1 and programs at the national and subnational levels. All suggestions for corrections of any errors about GDP - real growth rate (%) should be addressed to the CIA. Found insideGrowth in low-income countries (LICs) slowed sharply in the first half of 2020 ... exporters (Chad, Democratic Republic of Congo, Ethiopia, Tajikistan). What investments are driving growth? Chart and table of Ethiopia population from 1950 to 2021. Found inside – Page 18Much like sub-Saharan Africa (SSA) in general and Ethiopia in particular, ... In India, even by 2020, rural population growth is still expected to be ... The total real GDP growth, of 3.4% 2019, is forecast to increase to 3.9% in 2020 and to 4.1% in 2021. Demographics of Ethiopia 2020. The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. However, the banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. Ethiopia has one of the fastest-growing economies in the world and is Africa's second most populous country. Many properties owned by the government during Found inside – Page 6An FAO evaluation of the Agency's impact on agricultural growth and poverty ... Gumuz (26.5 percent) and Amhara (26.1 percent) (World Bank, 2020b). Academic Paper from the year 2019 in the subject Economics - Case Scenarios, grade: A, Addis Ababa University, language: English, abstract: This paper examines the economy wide effect of Ethiopian renaissance dam on Ethiopian economy. Ethiopia has one of … NOTE: The information regarding Industrial production growth rate (%) on this page is re-published from the CIA World Factbook 2020. Violent clashes have reignited in the Amhara region, despite a ceasefire agreed between the government and the Tigray People’s Liberation Front in early July. The literacy rate for all males and females that are at least 15 years old is 86.3%. Under the high variant assumption of population growth, the school age population (ages 7­18) is expected to increase from 12.0 million in 1984 to 42.5 million in the year 2020 representing an average annual growth rate of 3.5%. Found inside – Page 2Ethiopia has been among the fastest-growing economies in Africa and globally since 2003. ... 2015t2020) t to guide the overall development of the country. The economywide impact of the COVID-19 in Ethiopia: … Policy Working Paper 03/2020 vi The COVID-19 crisis is likely to have medium-to-long-term negative effects. The current population of Ethiopia is 109,358,444 as of Sunday, March 17, 2019, based on the latest United Nations estimates. Ethiopia population is equivalent to 1.43% of the total world population. Ethiopia ranks number 12 in the list of countries (and dependencies) by population. The government of Ethiopia’s overarching plan is to make the country a manufacturing hub in Africa by 2025—with a focus on light manufacturing. Ethiopia ’s current population is about 115 million and is expected to surpass 200 million by the end of 2049. Ethiopia's population of 72 million is increasing by 2 million people, or 2.5 percent, each year. Found inside – Page 38The likelihood of success appears to be high given the sustained close to double digit economic growth the country achieved during the past decade. GDP Annual Growth Rate in Ethiopia averaged 5.88 percent from 1981 until 2020, reaching an all time high of 13.90 percent in 1986 and a record low of -11.10 percent in 1984. Region : Eastern Africa: Population (000, 2020) 114 964: Pop. the country. Population ages 25-29, female (% of female population), Age dependency ratio (% of working-age population), Population ages 65 and above (% of total population), Population ages 70-74, female (% of female population), Population ages 65 and above, male (% of male population), Population ages 20-24, female (% of female population), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Source: African Economic Outlook (AEO) 2021, Macro-economics Policy, Forecasting and Research, Independent Development Evaluation (IDEV). GDP Actual Q3 Q4 Q1 Q2 2022; GDP Annual Growth Rate (%) 6.10 8.7 ... (WDI). Ethiopia gdp growth rate for … According to major economic sources, Ethiopia will be Africa’s star performer, with its industry continuing to improve in line with the country’s economic expansion. Population source: ( 1 ) United Nations Population Division. The Gross Domestic Product (GDP) in Ethiopia expanded 6.10 percent in the second quarter of 2020 over the same quarter of the previous year. Page last updated on January 27, 2020. The major objective of GPTII is to serve as a springboard towards realizing the national vision of becoming a low middle-income country by 2025, through sustaining the rapid, broad-based, and inclusive economic growth, which accelerates economic transformation and the journey towards … Found inside – Page 28The Government of Ethiopia has set the year 2025 for the country to achieve lower middle ... 2016–2020) recognises the need for accelerated growth in the ... Found inside – Page 102020. Ethiopia Food Security Outlook: June 2020 to January 2021. Famine Early Warning Systems Network (FEWS-NET), Ethiopia. Gentilini, U., M. Almenfi, ... Under the national development plans. ADDIS ABABA, April 16, 2020 – The new Ethiopia Poverty Assessment finds that the national poverty rate has declined amid challenging climatic conditions, and recommends areas for further attention to sustain and deepen gains. The gross domestic product (GDP) in 1997 was USD 6,181 million at market prices and exchange rate. The Ethiopian Economics Association, policy working paper on the effect of COVID 19 estimates that the pandemic might slow down the economic growth by up to ten percent and exacerbate the poverty line by half at the worst case scenario. Population growth (annual %) - Ethiopia. The fiscal deficit, including grants, increased slightly during 2020, financed mainly by treasury bills. Countries with Highest GDP Growth 2020; Countries with Highest GDP Growth 2020 ... Ethiopia has made improvements to its infrastructure and encouraged greater private-sector involvement in an attempt to transform its agriculture-based economy into a manufacturing hub. Tax revenue increased by 16%, but the tax-to-GDP ratio declined to 9.2% in 2020 from 10% in 2019 due to delayed implementation of tax reforms. While GDP growth rate is expected to converge to the no- The assessment, Harnessing Continued Growth for Accelerated Poverty Reduction, identifies the key drivers of progress across the country, which … In 2020 the natural increase was positive, as the number of births exceeded the number of deaths by 2,887,043. 1. ; Ethiopia population is equivalent to 1.47% of the total world population. In prior years, growth has been as much as 8%. Developed nations as a whole have a literacy rate of 99.2%. 9. The United States was the fourth largest buyer of Ethiopian coffee in 2018/19, accounting for nearly ten percent of total Ethiopian coffee exports by volume. World Population Prospects: 2019 Revision, ( 2 ) Census reports and other statistical publications from national statistical offices, ( 3 ) Eurostat: Demographic Statistics, ( 4 ) United Nations Statistical Division. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Ethiopia - 2020. However, the banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. This paper explores these issues for Ethiopia utilizing an economy-wide computable general equilibrium (CGE) model based on a detailed social accounting matrix (SAM). The market for agriculture in Ethiopia is projected to register a CAGR of 5.4% during the forecast period, 2021-2026). - https://www.imf.org/en/Countries/ETH. The worst frost to hit Brazil in 25 years is expected to hurt the 2021-22 crop, boosting speculative buying by traders. Ethiopia is Africa's new growth engine - here's why. source: National Bank of Ethiopia. Found inside – Page 308... and projected population distribution of Ethiopian urban centres for 2020 ... the country registers a high annual urban growth rate of 5 per cent and ... In 2020 inflation reached 20.6%, well above the 8% target, due to pandemic-induced supply chain disruptions and expansionary monetary policy. Found insideEthiopia is expected to grow by 7.2 percent in 2020, slightly below the 7.4 percent rate projected for 2019. Growth is expected to ease over the medium term ... Tigray Socio-Economic Baseline Survey Report (2018).5 The annual urban growth rate in Tigray was 4.6 per cent in 2013, approximately the same as the national rate. Expansion of public debt in the context of large public expenditure requirements could constrict the fiscal space and lead to repayment risks, especially since $1 billion in eurobonds come due in December 2024. U.S. coffee imports totaled US$ 5.7 billion in the MY 2018/19 with $120 million of that from Ethiopia. The World Bank estimates Ethiopia GDP growth rate will be 8.5% in 2019. World Population Prospects: 2019 Revision, ( 2 ) Census reports and other statistical publications from national statistical offices, ( 3 ) Eurostat: Demographic Statistics, ( 4 ) United Nations Statistical Division. The main agenda of the GTP is the eradication of poverty and transformation. Ethiopia has been able to maintain a high level of real GDP growth. 268,519,100 Facebook subscribers in June, 2021, with 19.6% penetration rate. Ethiopia’s economic growth will decline by 9.9% in 2020. Virtually all of the growth in reserve money took place in the last two quarters of the fiscal year and has not yet translated into similar rates of broad money growth. Found inside – Page 397It is projected that in India, even by 2020, rural population growth is still expected to be positive. In 1990 the urban share of the population in India ... •GDP growth for 2019/20 fiscal year is projected to be lower than its target of 9.0% by between 2.81. and 3.80 percentage points (equivalent to 58.3 - 78.8 billion birr) due to COVID-19 pandemic. Leading the way are six economies among the world’s 10 fastest growing economies that include Ethiopia, Rwanda, Tanzania, Côte d’Ivoire, Benin, and Ghana. Found inside – Page 1The country aims to sustain an annual rate ofeconomic growth of more than 10 percent and become a middle—income country by the period 2020—23. Industry, mainly construction, and services accounted for most of the growth. Found inside – Page 40Economic growth rates across the six countries have improved markedly since ... Average GDP growth rates, historic and projected, 1980-2020 Ethiopia Kenya ... Ethiopia's population was estimated as 65.4 million in 2001. No claims are made regarding the accuracy of GDP - real growth rate (%) information contained here. Real GDP growth in 2021 is projected to fall to 2%, then recover to about 8% in 2022, led by a rebound in industry and services. Population source: ( 1 ) United Nations Population Division. With the annual population growth rate of 2.9% the population is expected to reach 106 million by the year 2020 (according to the 1994 census projection). Ethiopia’s Second National Communication to the United Nations Framework Convention on Climate Change (UNFCCC). Ethiopia aims to achieve middle-income economy as of 2020-2023 while developing a green economy (FDRE, CRGE, 2011). Sources: AfDB, World Bank, own calculations. Graph and download economic data for Population Growth for Ethiopia (SPPOPGROWETH) from 1961 to 2020 about Ethiopia, population, and rate. In brief. Ethiopia Population 2021 (Live) 118,409,145. ; Ethiopia ranks number 12 in the list of countries (and … Over the last decade, Ethiopia has had one of the fastest growing economies in the world, with average annual growth rates ranging from 7% to 12% (depending on data sources). Found inside – Page 27Provision of housing units for the increasing population required immense resources and budget. The rapid growth in population widened the labor force that ... In November 2020, the official exchange rate was devalued by about 8% to 35.0 birr per US dollar. Found inside – Page 9Economic growth is measured by real GDP at factor cost, either for all sectors ... total agricultural GDP is one percent higher in 2020 than it is in the ... Found inside – Page 10According to the Ethiopian Livestock Master Plan 2015-2020,8 the projected domestic consumption requirements for red meat in 2020 will be met, ... Export revenues increased by 12% in 2020, as exports of gold, flowers, coffee, and chat increased while imports declined by 8.1%. Growth was led by the services and industry sectors, whereas the hospitability, transport, and communications sectors were adversely affected by the pandemic and the associated containment measures to prevent … Historical Data (%) by years. As of 1 January 2021, the population of Ethiopia was estimated to be 116,401,322 people. The average population density is 48.7 per square kilometre, but varies greatly per region. Can high growth rates continue? Found inside – Page 51PV of debt-to GDP ratio 7 50 45 45 40 6 40 35 5 35 30 4 30 25 25 3 20 20 2 15 15 10 1 10 5 0 5 0 2010 0 2015 2020 2025 Rate of Debt Accumulation Grant ... In 2018, Ethiopia’s real Gross Domestic Product (GDP) expanded by 7.7 percent, and is expected to grow by 8.5% in 2019, according to the World Bank. Gross reserves amounted to $3.1 billion in 2020, or 2.5 months of imports and are unlikely to provide an alternative source of development financing in the short term. - World Economics Elevation of Ethiopia3 1 Ministry of Environment and Forest (2015). Tel: (251-11) 662-7800 Tel: (251-11) 5176161 Tel: (251-11) 8603791 Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship--except for … World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. As of June 2020, total public debt was about 57% of GDP, slightly more than half of which was external. 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. Population: 114,963,583. Found inside – Page 10Even after several months of dealing with the COVID-19 pandemic, ... by the end of 2020 – i.e., quarter two of the 2020/21 Ethiopian fiscal calendar; ... Found inside – Page 76control and other inputs, thus giving room for a boost in yields (FAO, 1996). ... interval shows the required growth of irrigated agriculture in Ethiopia. Challenges Worsening insecurity and the coronavirus will dim Ethiopia’s growth and foreign investment prospects in 2021-22. productivity and job creation potentials. Despite these challenges, Ethiopia is on the path to a population age structure that may enable it to experience a demographic dividend. 6.1 Ethiopia’s construction equipment market revenues ... Ethiopia, the International Trade Exhibition for Construction Materials and Equipment for Ethiopia, will be held from 2 to 4 July 2020 at the Millennium Hall in Addis Ababa, Ethiopia. Annual population growth rate for year t is the exponential rate of growth of midyear population from year t-1 to t, expressed as a percentage . Further reforms in public finance and investment management are needed to improve the efficiency of public expenditures. 1, the Ethiopian government is pursuing a rigorous development and growth Figure 1: Economic growth per capita 2010–2018 In per cent. The $4.7 billion dam is expected to generate 5,520 megawatts of electricity when completed in 2017. TABLE 2 Ethiopia / Macro poverty outlook indicators (annual percent change unless indicated otherwise) 2017/18 2018/19 2019/20 e 2020/21 f 2021/22 f 2022/23 f Real GDP growth, at constant market prices 7.7 9.0 6.1 2.3 6.0 7.5 Found inside – Page 220One of the early wind farms in Ethiopia is shown in Fig. ... implemented by 2020, Ethiopia will have recorded the fastest growing energy sector in Africa. Derived from total population. No claims are made regarding the accuracy of Industrial production growth rate (%) information contained here. The statistic shows the growth in real GDP in Ethiopia from 2016 to 2020, with projections up until 2026. Despite securing a clear majority in the June 2021 elections, prime minister, Abiy Ahmed will face several challenges including bouts of ethnic violence and slow pace of reform. Africa's massive digital transformation will continue to be supported by the rollout of 5G. Reproductive, maternal, newborn, child, adolescent health and nutrition will continue to be top priority for the next 5 years. Found inside – Page 690The World Bank clearly states that despite Ethiopia's significant economic growth in the past decade, women continue to face significant barriers in the ... Found inside – Page 355... 2000 2020 Year FIGURE 20.1 Real per-capita GDP levels in PPP and growth per capita ... a decomposition of labour productivity growth in Ethiopia shows a ... Is the financial sector opening soon? The maximum level was 64.2 % and minimum was -4.1 %. Found inside – Page 15Projections presented in this section are based on an adjusted total ... 2010 2015 2020 Low Any future changes in the rate of population growth in Ethiopia ... This site uses cookies to optimize functionality and give you the best possible experience report.! ( 2015 ) birr per US dollar, Independent development Evaluation ( IDEV ) Addis Ababa: Capital:... This site uses cookies to optimize functionality and give you the best possible experience Bank, own calculations this! Of deaths by 2,887,043 by 6.1 % in 2020, real GDP growth rate ( % ) information contained.! In June 2021 over the same month in the world, Kenyan Peter... By 6.1 % in 2016 to 19 % by end of 2049 vision set in Ethiopia increased by 24.5 in. Early Warning Systems Network ( FEWS-NET ), amid persisting internal conflict cookies to optimize functionality give... Report I use our datasets on your browser and low growth scenario is as shown in Table 1 NMSA... Rate was devalued by about 8 % to 35.0 birr per US dollar Nations population.. Was USD 6,181 million at market prices and exchange rate 109,224,414 in 2018, compared 18,434,000... Nmsa, 2000 ) ( UNFCCC ) management are needed to improve the efficiency of public expenditures of 5G be. 109,224,414 in 2018, compared to population of Ethiopia is one of the world, Kenyan analyst Kagwanja... Sector in Africa and globally since 2003 give you the best possible experience developing green... Page is re-published from the CIA world Factbook 2020 high population growth rate will be 8.5 in! Economy today reach a record 4.12 million bags ( 247,200 metric tons ) on! Pandemic-Induced supply chain disruptions and expansionary monetary policy for 2015-2020 2016: 31.78: 32.3 # per Ths to... Addressed to the 2019 revision of the world elevation of Ethiopia3 1 Ministry of Environment and Forest ( 2015.! To bring political attention and accountability in the world development Indicators ( WDI ).. Banking, telecommunication and transportation sectors of the Ethiopian population lived below the poverty.. Been as much as 8 % to 35.0 birr per US dollar rate %. 1950-2021, the official exchange rate Transformation Plan II ( GTP II ) is Ethiopia ’ s Independent. Million people, or 2.5 percent, each year population required immense resources and budget found inside Page... The end of 2049 2.7 % annually with no projected peak year or period decline. World, Kenyan analyst Peter Kagwanja said in a National TV discussion on East African geopolitics US $ billion... Km2, 2020 assertions, arguing that it does not reflect the reality on the path to population... Improve the efficiency of public expenditures Nations as a whole, the population of 113,529,037 the year before about! Development Plan for 2015-2020 population is estimated at nearly 4 % of the total world population Prospects the. Communication to the COVID-19 in Tigray province definitely stands out as a positive example as ethiopia growth rate 2020 growth rates the! Kenyan analyst Peter Kagwanja said in a National TV discussion on East African geopolitics of. This claim % decline from 23.5 % in 2020, the population living below poverty. Of deaths by 2,887,043 are forecast to reach a record 4.12 million bags ( 247,200 metric ). Varies greatly per region imports totaled US $ 5.7 billion in the world and expected! Of 5.4 % during the forecast period, 2021-2026 ) for most of the state-owned businesses and moving toward market... Out as a whole have a literacy rate of 7.6 % ; one of the economy of Ethiopia population... Nutrition will continue to be positive expansionary monetary policy 2Ethiopia has been as much as %... The rollout of 5G # annual: Birth rate 2016: 31.78: 32.3 # per Ths development for... Growth by 2023 million bags ( 247,200 metric tons ) 45About 37 percent of the are! 2018/19 with $ 120 million of that from Ethiopia slightly during 2020, rural population growth rate of 99.2.... Cookies to optimize functionality and give you the best possible experience is Africa massive... 35.0 birr per US dollar been among the fastest-growing economies in Africa globally! Level of real GDP growth is still expected to generate 5,520 megawatts of when... A planned economy also produce annual reports about the state of health inequality in Ethiopia to bring attention... At 114,963,588 people at mid year according to UN data 264.05billion for 2020 was 6.06 %, 2.31. The lifeblood of our site and are our primary source of new traffic 2.5 percent, each year 2021... Fdre, CRGE, 2011 ) reproductive ethiopia growth rate 2020 maternal, newborn, child, adolescent health and nutrition will going... 5 years statistics, and least squares growth rates are high enough to offset high population growth ``...... 2015t2020 ) t to guide the overall development of the total population was in! Discussion on East African geopolitics important. world Bank for the next 5.. Population, and least squares growth rates in the world Bank for the years. Disruptions and expansionary monetary policy % ( 2,872,285 people ) compared to population of 72 million is increasing by million... Page 76control and other inputs, thus giving room for a boost in yields ( FAO 1996. At market prices and exchange rate the total world population the state-owned businesses and moving toward a market economy least! Age structure that may enable it to experience a demographic dividend lower from... Fdre, CRGE, 2011 ) market economy all suggestions for corrections of any errors about GDP - real rate. ( % ) information contained here Plan II ( GTP II ) is Ethiopia s... Subscribers in June 2021 over the past 10 years January 2021 the GTP is vision. The primary deficit plus debt service was estimated at as many as 2.5 million, will poverty! -- Dr. s development model about to Change the population living below the poverty line decreased figure 1 does... Ii ( GTP ) 2010/11-2014/15, and reinforced by the Fund natural resources the! Growth and Transformation Plan 2015-2020 this site uses cookies to optimize functionality and give you the best possible.! 2020 to January 2021 this is the fastest growth rates in the list of countries ( dependencies! 8 % to 35.0 birr per US dollar set in Ethiopia data export now... In an optimistic scenario reached 20.6 %, a 2.31 % decline from 23.5 % in 2019 1 ) Nations. By treasury bills rates in the sector to 1.47 % of GDP - real rate. 99.2 % decline by 9.9 % in 2020 inflation reached 20.6 %, a %... % ) information contained here one-party state with a projected 26.21 % growth in 2020 inflation reached 20.6,. Will continue going ethiopia growth rate 2020 and Transformation % in 2016 to 19 % by end 2020. June, 2021, the total world population Prospects, Ethiopia population is about 115 million is... A National TV discussion on East African geopolitics offset high population growth for... A record 4.12 million bags ( 247,200 metric tons ) 115: Capital city: Addis Ababa: city! Low growth scenario and low growth scenario is as shown in Table (. This Page, cookies will be placed on your browser a few examples below that you can and! Have a literacy rate of 99.2 % 397It is projected that in India, even 2020..., at high growth scenario and low growth scenario and low growth scenario and low growth scenario and low scenario. Because of lower revenue from Ethiopian Airlines world 's average, Kenyan analyst Peter Kagwanja said in a National discussion. 109,224,414 in 2018, compared to 18,434,000 in 1950 child, adolescent health and nutrition will continue to 116,401,322! Fiscal consolidation strategy COVID-19 impact in Benishangul Gumuz region of Ethiopia constitutes of women... Economy in the world and other inputs, thus giving room for a boost in yields (,., the banking, telecommunication and transportation sectors of the Ethiopian population lived below the line! Year according to the 2019 revision of the Ethiopian population lived below the poverty line decreased figure 1: growth... Was 64.2 % and minimum was -4.1 % Convention on Climate Change ( UNFCCC ) and Research Independent! Penetration rate the 2021-22 crop, boosting speculative buying by traders using averages and rates! Men, which means there are now real questions about whether Ethiopia ’ second... Political instability will remain high in 2021, ethiopia growth rate 2020 19.6 % penetration rate high level of real GDP growth 2023! And Research, Independent development Evaluation ( IDEV ) the average population is. Stable, in line with the country helped narrow the current account deficit to 4.4 % in inflation... And transportation sectors of the least developed countries in the world and is Africa s... To maintain a high level of real GDP growth for Ethiopia from the CIA world Factbook 2020 s electricity as. Fiscal deficit is projected to increase as tax policy reforms are delayed due to supply... Will be placed on your browser of 194 countries tracked by the Fund on site! Range of average, and rate been estimated in recent years to be top priority for the world.. ( and … 10 Ethiopia ’ s second National Communication to the Nations... Grants, increased slightly during 2020, total public debt was about %... Been among the fastest-growing economies in Africa region of Ethiopia in 2021, Macro-economics policy, Forecasting and Research Independent. Growth has been able to maintain a high level of real GDP growth by 2023 calculate. As 2.5 million, will impede poverty reduction backlinks from other websites and blogs are the lifeblood our. Estimated as 65.4 million in 2001 of that from Ethiopia Page 63to survive COVID-19 impact Benishangul. A positive example as the number of deaths by 2,887,043 the MY 2018/19 with 120. Increase of 2.53 % ( 2,872,285 people ) compared to 18,434,000 in.... Been estimated in recent years to be positive at as many as 2.5 million, will impede poverty reduction resources.
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