Why Ethiopia?
One of the world’s fastest growing economy
With a projected 8.5 per cent growth rate (IMF), Ethiopia is expected to be Africa’s fastest growing economy in 2019.
1st
The highest growth rate in Africa
Source : IMF (2019)
Source : IMF (2019)
An attractive textile industry
According to the 2017 UNCTAD Report, Ethiopia is the second world largest recipient of foreign direct investment in apparel and textile industry (2016 figures). Now, Ethiopia is seen as ``the China of Africa`` (Bloomberg).
2nd
World largest recipient of FDI in apparel and textile industry
Source : UNCTAD
Source : UNCTAD
A manufacturing hub
The vision of the Government of Ethiopia is to become a leading manufacturing hub in Africa by 2025.
Share of manufacturing FDI (inflows)
Source: NBE and EIC
The world’s best destination for tourists
Awarded as the "World's best destination for tourists" by the European Council on Tourism and Trade (2015), Ethiopia is "Africa's next big tourist draw" (CNN, 2017). Home to nine UNESCO World Heritage Sites, the country has a myriad of cultural, historical and natural attractions.
Number of international tourists (IN THOUSANDS)
Source: World Bank
The economic giant of East Africa
With the aim of becoming a middle income country by 2025, the Government of Ethiopia has been designing policies to speed-up economic growth.
1st
1st East African country in terms of Gross Domestic Product
Source : IMF (2017)
Source : IMF (2017)
An infrastructure boom
Ethiopia’s public infrastructure spending, as a percentage of GDP, is the highest in Africa. The vibrant capital city, Addis Ababa, is commonly viewed as a ``booming city``.
1st
1st African country in terms of infrastructure spending (% of GDP)
Source : africa.com
Source : africa.com
A rich labour-endowed country
Ethiopia is the second most populous country in Africa (105 million according to the World Bank). With a median age of under 20, the country is also one of the youngest in the World.
2nd
The second-largest population in Africa
Source : World Bank (2017)
Source : World Bank (2017)
Agriculture productivity is continuously increasing
The agro-processing sector is the main sector in terms of value-added production (46% of the GDP) and employment (80% of the population).
Evolution of cereal yield per hectare
Source: World Bank
