Ethiopia s real gross domestic product gdp growth decelerated to 7. World development indicators database, world bank, 23 december 2019 1. The report was produced by the poverty reduction and economic management prem network of the bank under the guidance of cheryl gray. The government of ethiopia is in the process of privatizing many of the stateowned businesses and moving toward a market economy. Learn how the world bank group is helping countries with covid19 coronavirus. The performances and challenges of growth and transformation. Those who are dreaming, planing, colabrating, and working hard to stop the ethiopian miraculous ethiopian economic growth are strongly adviesed to quit befor their efforts turn to thier demise. In 2000 ethiopia had one of the highest poverty rates in the world, with 56 percent of the population living on less than united states u. The date of the last country partnership strategy progress report was october 17, 2014. The database contains 1,600 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. We are in the process of hearing your views regarding ethiopias priorities and the role the world bank group can play in helping the country achieve its development goals. Economist and cottl, mesfin girma economist and cottl, ruth. However, the banking, telecommunication and transportation sectors of the economy are dominated by governmentowned companies. The world development indicators is a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty.
In this report, the world bank underscored a number of important changes in. Ethiopia population 2020 demographics, maps, graphs. Annual economic report ethiopian economic association. Ethiopia s economy experienced strong, broadbased growth averaging 9. Ethiopia the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. At a time when the global economy is growing and the poverty rate is the.
Organization for social science research in eastern and southern africa ossrea addis ababa, ethiopia general information about. Growth was driven mainly by the services sector from the. Unsustainable economic model ethiopias stateled development economic model is not sustainable in the long term, as financing by the central bank leads to macroeconomic instability and hinders private sector development. Pdf this report outlines and analyses the structures and history of the ethiopian political economy. It shows that a rapid expansion of secondary education will be needed to support the country. Labor productivity in light manufacturing, china, ethiopia, and vietnam, 2010. Ethiopia country partnership framework world bank consultations. According to the latest world bank global economic prospects report, ethiopias economy is forecast to grow at 8. The 2019 world development report is unique in its transparency.
The relative length of several sections of this report reflect the high degree of importance attached to these topics by ethiopian officials and their request to the bank team for detailed analysis and. Document of the world bank report no 62834 public disclosure authorized project performance assessment report ethiopia fertilizer support project idagrant h4420et, idacredit 4543et under the ethiopia emergency food crisis response program and the global food crisis response program june 28, 2011 ieg public sector evaluation. Productive capacity and economic growth in ethiopia. Commercial bank of ethiopia, the development bank of ethiopia, and the construction and business bank accounted for 94 percent of the assets of ethiopian banks. According to a new report by the world bank, the ethiopian economy has been growing at twice the rate of the rest of africa, averaging, 10. By 2006, however, this figure had fallen to 70 percent. The 2014 african transformation report, which uses five indicators of structural transformation economic. World bank group praises ethiopia on its fifth ethiopia. Overall, this is a book that must be read before anyone can claim to have an understanding of the ethiopian economy.
The information regarding ethiopia on this page is republished from the 2020 world fact book of the united states central intelligence agency and other sources. Those who are dreaming, planing, colabrating, and working hard to stop the ethiopian miraculous ethiopian economic growth are strongly adviesed to. No derivative worksyou may not alter, transform, or build upon. Industrialization and industrial policy in ethiopia. Ethiopias economic growth miracle defies the one size fits all. The world bank 1818 h street nw washington, dc 20433. Ending poverty, investing in opportunity world bank 20191002 the annual report is prepared by the executive directors of the international bank for reconstruction and development ibrd and the international development association idacollectively known as the world bank in accordance with the by. Find, read and cite all the research you need on researchgate. Comments on the handbook should be addressed to malcolm holmes at the world bank, 1818 h street, washington, d. Ethiopia has achieved substantial progress in economic, social and human development. Regarding gdp per capita growth, dijbouti and ethiopia both record. In 1993, the world bank published a major report titled, the east asian miracle. Growth was driven mainly by the services sector from the supply side and public investment from the demand side. Ethiopia has advanced from the strong economic recovery of the 1990s to rapid.
Organization for social science research in eastern and southern africa ossrea addis ababa, ethiopia general information about the organization and its activities and publications. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Ethiopia the second most populous country in africa is a oneparty state with a planned economy. No claims are made regarding the accuracy of ethiopia 2020 information contained here. The dahlak archipelago is seen off the red sea coast of eritrea. The team would also like to express gratitude to cybil maradza consultant for the design and layout.
Summary of current credits for ethiopia world bank. Industry, mainly construction, and services accounted for most of the growth. Borrower obligation does not include grants as they are not repayable. World bank lauds ethiopias economic growth in a report. 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. Meanwhile, the share of assets held by private banks increased from 6. Economist and cottl, mesfin girma economist and cottl, ruth hill sr. The following is a basic introduction to the 79 page complete report which we provided a link for you to take a look.
Search 2018 ethiopian economic association contact us. The ethiopian economy continues to enjoy remarkable growth, and the hospitality sector is poised to continue on its impressive trajectory over the medium term in the wake of increased number of inbound travelers, and growing awareness of what the country has to offer in 2016 only two international chain hotels, ramada addis and marriott apartment hotel joined the ethiopian market. Ethiopia managing water resources to maximize sustainable growth country water resources assistance strategy report no. Noncommercialyou may not use this work for commercial purposes. Copies of this report are available to the public from. The ethiopian economy continued its strong expansion in fy14 with real gdp growing by 10. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor. Creative commons attributionnoncommercialnoderivatives 3. At the top left, the capital city of sudan, khartoum, is located at the convergence of the blue nile and the white nile.
This document is being processed or is not available. The world bank public disclosure authorized ethiopia. The forecasts presented in the report draw on the world economic forecasting model. Hence, the economy is very susceptible to volatility on global commodity markets and to weather patterns.
The report was prepared by a team consisting of mesfin girma. Economic growth and public policy, and the report included eight high performing asian countries, also known as hpaes. Developing economies in east asia and the pacific eap, recovering from a trade war and struggling with a viral disease, now face the prospect of a. World bank east asia and pacific economic update, april 2020.
Ethiopian households experienced a decade of remarkable progress in wellbeing since then and by the start of this. Full report 2007 pdf 535k index chart lpi 2007 jpg 285k press release lpi 2007 feature story lpi 2007. Although the blue nile is much shorter than the white nile, it contributes about 80% of the flow of the river. The economy of ethiopia is a mixed and transition economy with a large public sector. Ethiopias indicative performance based allocation in the csp 201620 period is assumed to be about ua 620 million, which includes the last year of african development fund adf fy 2016, the full adf 14 cycle fy 201719 and the first year of adf 15 fy 2020. This book assesses the implications of that goal for secondary education in ethiopia. Ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908 dom 67 dominican republic 85,555 eth 68 ethiopia 84,356 omn 69 oman 79,277 gtm 70 guatemala 78,460. World economic situation and prospects 2019 the united nations. The world bank greatly appreciates the close collaboration with the government of ethiopia the ministry of finance and economic cooperation, in particular in the preparation of this report. It also provides technical assistance and policy advice and superviseson behalf of. Its overall score is unchanged, with an improvement in judicial effectiveness offset by a. Acknowledgements the world economic situation and prospects 2018 is a joint product of the united nations department of economic and social affairs undesa, the united nations conference on. Even more, it provides a guide to the political economy of policy and policy.
With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. According to the world bank, wageemployment has slightly. Assessment of youth skills developmentjobs nexus in ethiopia. The ethiopian economy is estimated to have slowed down slightly to 8. Ethiopia has close ties with all three major abrahamic religions, and it was the first in the region to officially adopt christianity in the 4th century. The world bank team welcomes feedback on the ethiopia economic update. This growth was driven by government investment in infrastructure, as well as sustained. The report also notes that six of ten economies forecast to grow the most in 2018 are in africa, with ghana taking the lead, closely followed by ethiopia. It is based on the information available at the time it was completed on september 5, 2014. The world bank provides lowinterest loans, zero to lowinterest credits, and grants to developing countries. World bank, international organization affiliated with the united nations and designed to finance projects that enhance the economic development of member states. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. According to a 20 report, the number of refugees hosted by ethiopia has grown to 680,000.
The world bank group is preparing a country partnership framework 20172021 to guide its support to ethiopias development efforts. World development report 2019 world bank documents. Pdf this book shows that ethiopian underdevelopment has more to do with the political will in selecting the. Construction and services sectors account for most of the growth from the supply side. Economic policy and structural transformation in ethiopia oxford. This is double the sub sahara africa and triples the world average growths over this period and has led to. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade sector. East asia and pacific in the time of covid19 the covid19 virus that triggered a supply shock in china has now caused a global shock. In my february 2, 2015 commentary, the world bank and ethiopias growth and transformation, i debunked the world banks hyped narrative and lies aimed at extolling the skillful management of the ethiopian economy by the ttplf and its own selfglorification that it and the other donors and loaners have played a central and.