Key information about Ethiopia

Economic background

Ethiopia is Africa’s fastest-growing economy […] Over the medium term, growth in Ethiopia is expected to remain around 8%, supported by sustained expansion in exports and investment.

(World Economic Forum, May 2018).

Main macro-economic indicators

Over the last ten years, Ethiopia’s average annual economic growth was estimated at 10%.

Changing structure of Ethiopia’s economy

Ethiopia’s economy is progressing toward diversification. While the dependence on agriculture has been substantially reduced, the industry sector is developing at a rapid pace; the contribution of the latter to the GDP increased by 160% between 1981 and 2017.

Evolution of the structure of Ethiopia’s economy

Datasource: World Bank

Foreign direct investment performance

A stable number of projects

Each year, around 350 foreign investment projects are completed. This number has been quite stable over time.

Number of foreign investment projects completed by year

Database source: Ethiopian Investment Commission.

Foreign investors create more and more (permanent) jobs

Foreign investors are increasingly investing in labour-intensive sectors. In 2017, foreign investments created more than 120,000 jobs.

Evolution of the number of jobs created over time

Database source: Ethiopian Investment Commission.

Ethiopia: the land of origins

Endowed with a long-aged heritage, Ethiopia is humankind’s place of origin and is considered as one of the oldest civilizations in the World.

Origin of HumanKind

Ethiopia is “the root of the Genesis of Life; the human family was first planted here” (Barack Obama, 2015)

Ethiopia is the home of the “first human”. In 1974, Donald Johanson and Tom Gray discovered in the Afar Region a 3.2-million-year-old human skeleton. This female hominid skeleton, named Lucy, can be admired at the National Museum of Ethiopia in Addis Ababa.

Outstanding archaeological research are still undertaken in Ethiopia. Recently, homo sapiens fossils, dated between 195,000 and 160,000 years old have been discovered.

Rich cultural and natural heritage

Ethiopia is the African country with the biggest number of World Heritage sites recognised by the UNESCO (9).

Unforgettable outdoor experiences

Ethiopia is one of the countries in the World offering the most important variety of outdoor activities.

Activities that you can do in Ethiopia

Ballooning

Bike tours Hiking and trekking Overland expeditions
Rock climbing Caving Rafting

Volcano climbing