|GDP per capita||$974 (nominal, 2020 est.) $2,701 (PPP, 2019 est.)|
|GDP per capita rank||167th (nominal, 2018) 164th (PPP, 2018)|
|GDP by sector||Agriculture: 34.8% Industry: 21.6% Services: 43.6% (2017 est.)|
|Inflation (CPI)||20.2% (2020 est.)|
What is the main source of income in Ethiopia?
Ethiopia’s economy is based on agriculture, which accounts for 46% of GDP and 85% of total employment.
What is Ethiopia’s GDP 2020?
GDP is an important indicator of a country’s economic power. In 2020, Ethiopia’s gross domestic product amounted to around 96.61 billion U.S. dollars.
What are the main sectors of Ethiopian economy?
The structure of the economy, in general, is decomposed into the three main sectors: the primary- agricultural sector, the secondary-industrial (manufacturing) sector and the tertiary-service sector.
How much of Ethiopia’s GDP is from agriculture?
Ethiopia’s economy is dependent on agriculture, which accounts for 40 percent of the GDP, 80 percent of exports, and an estimated 75 percent of the country’s workforce.
Will Ethiopia ever be rich?
With more than 112 million people (2019), Ethiopia is the second most populous nation in Africa after Nigeria, and the fastest growing economy in the region. However, it is also one of the poorest, with a per capita income of $850. Ethiopia aims to reach lower-middle-income status by 2025.
How much does a doctor make in Ethiopia?
A person working in Doctor / Physician in Ethiopia typically earns around 20,900 ETB per month. Salaries range from 7,680 ETB (lowest average) to 35,300 ETB (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
Is Ethiopia the richest country in Africa?
Value of exports: $3.23 billion (2017 est.) Found in the horn of Africa, the landlocked country of Ethiopia split by the Great Rift Valley is the eight richest country in Africa.
Which region is rich in Ethiopia?
According to the Ethiopian government portal, the Amhara Highlands receive 80% of the total rainfall of Ethiopia and is the most fertile and hospitable region of Ethiopia. The Amhara region is the location of Lake Tana, the source of the Blue Nile, at Bahir Dar.
What is the country with the lowest GDP?
In 2020, Burundi reported the lowest per-capita GDP ever, closely-followed by South Sudan and Somalia.
The 20 countries with the lowest gross domestic product (GDP) per capita in 2020 (in U.S. dollars)
|Characteristic||GDP per capita in U.S. dollars|
What industry contributes most to GDP?
In 2020, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP to the United States in 2020. In that year, this industry added 4.66 trillion U.S. dollars to the national GDP.
What is Ethiopia known for?
Ethiopia is famous for being the place where the coffee bean originated. It is also known for its gold medalists and its rock-hewn churches. Ethiopia is the top honey and coffee producer in Africa and has the largest livestock population in Africa. Ethiopia has ties with the three main Abrahamic religions.
Why is Ethiopia the poorest country in world?
In the western world, Ethiopia is often viewed as emblematic of poverty. A history of colonization, political unrest, and a refugee crisis brought on by war-torn countries surrounding Ethiopia have contributed to the country’s poor economic status and global perception.
How many cows are in Ethiopia?
Ethiopia has the largest livestock population in Africa with 56.7 million cattle, including 12.65 million milking cows and the programme intervention builds on the priorities set in the national plan for the sector to bring about radical change in both sedentary agriculture and pastoral areas.
What are Ethiopia’s major imports?
Ethiopia main imports are: foodstuffs, textile, machinery and fuel. Ethiopia main trading partners are: China (18 percent of total imports), Saudi Arabia (13 percent), United States (9 percent), Russia and India.
What vegetables grow in Ethiopia?
Common vegetables include onions, peppers, squash, and a cabbage similar to kale. Demand for vegetables has stimulated truck farming around the main urban areas such as Addis Ababa and Asmera.