Ethiopia GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Ethiopia expanded 9.70 percent in 2012/13 fiscal year. GDP Annual Growth Rate in Ethiopia averaged 5.20 percent from 1982 until 2013, reaching an all time high of 13.86 percent in 1987 and a record low of -11.14 percent in 1985. GDP Annual Growth Rate in Ethiopia is reported by the National Bank of Ethiopia.
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Ethiopia is one of the poorest countries in the world. Most of the population rely on subsistence agriculture and foreign aid. Yet, Ethiopia is amongst the fastest growing non-oil economies in the world. Government reforms succeeded in opening the economy to foreign direct investments and resulted in expansion of commercial agriculture and manufacturing industry. However, systemic trade deficits, under-developed financial system and unemployment are Ethiopia’s main economic constraints. This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.