HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES Trade & Investment News Read Our Blog Newsletters

Ethiopia—an agrarian economy in transition

Published on August 31, 2016

Ethiopia has experienced rapid economic growth since 2005, with gross domestic product (GDP) growing at an average rate of 10.5 per cent per annum in real terms for the period between 2004–05 and 2012–13 (Ministry of Finance and Economic Development, MoFED 2013). This makes Ethiopia one of the fastest growing countries in the world. The rapid economic growth has a multifaceted effect on a number of social, economic, and political domains.

Considering 2015 is the year the first Growth and Transformation Plan (GTP)—the country’s comprehensive five-year development plan with targets aligned to the aim of achieving middle-income status by the mid-2020s—ends, it is a good time to explore the pattern of economic growth in Ethiopia and the relevant growth opportunities and challenges. Read more. Source | Brookings