Country report 2017 includes ethiopia real gross domestic product growth rate, with latest forecasts and historical data, gdp per capita, gdp composition and breakdown by sector. World bank group praises ethiopia on its fifth ethiopia. It is a flagship product produced by the world bank group that garners worldwide attention on regulatory barriers to entrepreneurship. The request that the bank incorporate anticorruption clauses into future agreements led the mission to determine whether the conditions set out in the recent revision to the banks procurement guidelines were met. 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. Goals include promoting rapid economic growth and improving service delivery. In fact the government seems to take itself as the only one that can bring. It is based on the information available at the time it was completed on september 5, 2014. This document is being processed or is not available. Learn more about the ethiopia economy, including the population of ethiopia, gdp, facts, trade, business, inflation and other data and analysis on its economy from the index of economic freedom. 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. Find, read and cite all the research you need on researchgate. Michael kremer is the gates professor of developing societies, harvard university, and research. The ethiopian economy 197494 examines the discredited socialist policy of ethiopia tikdem ethiopia first and its effect on economic performance.
A 1986 confidential bank report found little or no. Although the blue nile is much shorter than the white nile, it contributes about 80% of the flow of the river. Organization for social science research in eastern and southern africa ossrea addis ababa, ethiopia general information about. World bank lauds ethiopias economic growth in a report. 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. 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. 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. Ethiopia s location gives it strategic dominance as a jumping off point in the horn of africa, close to the middle east and its markets. Ethiopian rural socioeconomic survey 2011 erss is designed to collect panel data in rural and small town areas on a range of household and community level characteristics linked to agricultural activities. Copies of this report are available to the public from. The economy of ethiopia is a mixed and transition economy with a large public sector. It also sought to devolve power to the constituent states rather than centralizing it in addis ababa. Economic growth, development and poverty in ethiopia by teshome a. 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.
Growth was driven mainly by the services sector from the. It is commendable to hear these days that the world bank and the imf offices in ethiopia are arguing for more private sector role in the ethiopian economy. On request of the government, the world bank surveyed 69 chinese enterprises doing business in ethiopia with a 95question survey in mayjune 2012. World development report 2019 world bank documents. The world bank team welcomes feedback on the ethiopia economic update. That is only second to the amount generated by ethiopias exports. Supported by the bank and the fund, the government has demonstrated an excellent track. Hence, the economy is very susceptible to volatility on global commodity markets and to weather patterns. This report attempts to provide the most recent information on the social sectors in ethiopia, and raise issues for further consideration and discussion.
On a more positive note, in early april the world bank approved usd 83 million in emergency funds for the country. When emporer haile selassie led ethiopia out of italian occupation, he promised much liberalisation, land reform, greater prosperity, a modern army, and a modern bureaucracy. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade sector. The world bank gives high priority in its research program to the evaluation of development. This growth was driven by government investment in infrastructure, as well as sustained.
The ethiopian economy continued its strong expansion in fy14 with real gdp growing by 10. The world bank public disclosure authorized ethiopia. This report illustrates how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. The work also looks at more recent events including the transitional economic policy both expected and actual and the future prospects for ethiopian growth and development. Economist and cottl, mesfin girma economist and cottl, ruth. 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. Growth and transformation through the manufacturing sector the growth and transformation plan gtp seeks to transform the economy toward an industrialized economy and to increase per capita income of its citizens by 2025. At the top left, the capital city of sudan, khartoum, is located at the convergence of the blue nile and the white nile.
Another reason for the low level of unionization, espe. A homegrown reform agenda was launched to address the buildup in inflation and persistent foreign exchange shortages. Labor productivity in light manufacturing, china, ethiopia, and vietnam, 2010. Ida world banks international development association. Ethiopia rural socioeconomic survey 20112012 world bank. He is also a research fellow of the institute for the study of labor iza in bonn, germany. The report was prepared by a team consisting of mesfin girma. Creative commons attributionnoncommercialnoderivatives 3. Document of the world bank for official use only report no. While growth in ethiopia is expected to remain strong, it.
The world bank group is preparing a country partnership framework 20172021 to guide its support to ethiopias development efforts. Browse additional economic indicators and data sets, selected by global finance editors, to learn more about ethiopia. Ethiopian households experienced a decade of remarkable progress in wellbeing since then and by the start of this. Thirty years later, resistance, radical movements and dissent were to rock the foundation of his fragile new society into revolution. Since the start of the modern economics in 1776, many counties used all their resources and efforts to. Productive capacity and economic growth in ethiopia. Pdf this report outlines and analyses the structures and history of the ethiopian political economy. Ethiopia economic growth while the economy is expected to lose considerable traction in fy 2019, growth is expected to regain strength in fy 2020, buttressed by stronger investment activity and infrastructure spending. Earlier versions of this report have provided inputs towards preparing the two sectorwide programs in education and health, as well as in shaping the world bank s country assistance. Those who are dreaming, planing, colabrating, and working hard to stop the ethiopian miraculous ethiopian economic growth are strongly adviesed to. Escalating impacts of covid w9 is expected to result in a sig.
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. Government sought to replace the statecontrolled economy with a market economy. The 2019 world development report is unique in its transparency. The following is a basic introduction to the 79 page complete report which we provided a link for you to take a look. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. The dahlak archipelago is seen off the red sea coast of eritrea.
The government of ethiopia is in the process of privatizing many of the stateowned businesses and moving toward a market economy. Ethiopia the second most populous country in africa is a oneparty state with a planned economy. Gender filter for the world bank group ethiopia portfolio. By 2006, however, this figure had fallen to 70 percent. The economic history of modern ethiopia has not attracted sufficient scholarly. 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 education that prevail in the country where she lives.
The essays collected here evolved from a twoday conference on ethiopia held at the johns hopkins school for advanced international studies. The world bank annual report 2018 is available to download in multiple languages via the links below. Ethiopia economy gdp, inflation, cpi and interest rate. Growth in ethiopia remained robust in fy w9 thanks to a strong service sector performance. This world bank group flagship report is a product of the prospects group in the equitable growth. Economic growth, development and poverty in ethiopia. The international bank for reconstruction and development ibrd and the international development association ida are two of the five institutions of the world bank group wbg. Global finance magazine ethiopia gdp and economic data. Introduction any country or government in the world works day and night to achieve economic development to improve the welfare of its nation. It is gratifying to know that ethiopianamericans are carrying their fair share of the load in helping the economy of their homeland. World bank reinvents tainted aid program for ethiopia. A guidebook to the green economy sustainable development. 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.
Why is the world bank bothering the government of ethiopia. Construction and services sectors account for most of the growth from the supply side. African institute of management, development and governance. Agriculture and the informal nature of the economy is cited as the major reason for low level of unionization world bank, 2007.
798 26 782 1288 491 1011 855 1339 577 797 93 322 180 983 1382 1206 526 1484 1533 1393 8 344 318 782 342 961 672 1088 1438