Organization for social science research in eastern and southern africa ossrea addis ababa, ethiopia general information about. Labor productivity in light manufacturing, china, ethiopia, and vietnam, 2010. Ethiopia s real gross domestic product gdp growth decelerated to 7. Productive capacity and economic growth in ethiopia. 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. 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. 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. 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. 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.
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 performances and challenges of growth and transformation. World bank east asia and pacific economic update, april 2020. Economist and cottl, mesfin girma economist and cottl, ruth. 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. Industry, mainly construction, and services accounted for most of the growth. 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. This document is being processed or is not available. According to the latest world bank global economic prospects report, ethiopias economy is forecast to grow at 8. Search 2018 ethiopian economic association contact us. The ethiopian economy is estimated to have slowed down slightly to 8. 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. World development indicators database, world bank, 23 december 2019 1.
Summary of current credits for ethiopia world bank. Meanwhile, the share of assets held by private banks increased from 6. Construction and services sectors account for most of the growth from the supply side. 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. The world bank public disclosure authorized ethiopia. 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. Economic growth and public policy, and the report included eight high performing asian countries, also known as hpaes. Ethiopias economic growth miracle defies the one size fits all.
The report was prepared by a team consisting of mesfin girma. At a time when the global economy is growing and the poverty rate is the. 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. Annual economic report ethiopian economic association. The government of ethiopia is in the process of privatizing many of the stateowned businesses and moving toward a market economy. Overall, this is a book that must be read before anyone can claim to have an understanding of the ethiopian economy. Those who are dreaming, planing, colabrating, and working hard to stop the ethiopian miraculous ethiopian economic growth are strongly adviesed to. 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. Economist and cottl, mesfin girma economist and cottl, ruth hill sr. Growth was driven mainly by the services sector from the. World bank reinvents tainted aid program for ethiopia. Ethiopia country partnership framework world bank consultations. World bank group praises ethiopia on its fifth ethiopia. Creative commons attributionnoncommercialnoderivatives 3.
The world bank group is preparing a country partnership framework 20172021 to guide its support to ethiopias development efforts. The ethiopian economy continued its strong expansion in fy14 with real gdp growing by 10. The 2014 african transformation report, which uses five indicators of structural transformation economic. The report was produced by the poverty reduction and economic management prem network of the bank under the guidance of cheryl gray. 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. It is based on the information available at the time it was completed on september 5, 2014. World economic situation and prospects 2019 the united nations. It also provides technical assistance and policy advice and superviseson behalf of. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade sector. The following is a basic introduction to the 79 page complete report which we provided a link for you to take a look. 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. 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. Ethiopia s economy experienced strong, broadbased growth averaging 9. Full report 2007 pdf 535k index chart lpi 2007 jpg 285k press release lpi 2007 feature story lpi 2007.
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 bankin accordance with the by. The world bank team welcomes feedback on the ethiopia economic update. This growth was driven by government investment in infrastructure, as well as sustained. Although the blue nile is much shorter than the white nile, it contributes about 80% of the flow of the river. World bank lauds ethiopias economic growth in a report.
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. However, the banking, telecommunication and transportation sectors of the economy are dominated by governmentowned companies. 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. Ethiopia has advanced from the strong economic recovery of the 1990s to rapid. According to the world bank, wageemployment has slightly. The 2019 world development report is unique in its transparency. 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. According to a 20 report, the number of refugees hosted by ethiopia has grown to 680,000. 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. Pdf this report outlines and analyses the structures and history of the ethiopian political economy.
Ranking economy us dollars usa 1 united states 20,544,343 chn 2 china,608,152. This book assesses the implications of that goal for secondary education in ethiopia. Pdf this book shows that ethiopian underdevelopment has more to do with the political will in selecting the. 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. Noncommercialyou may not use this work for commercial purposes. The date of the last country partnership strategy progress report was october 17, 2014.
The world bank provides lowinterest loans, zero to lowinterest credits, and grants to developing countries. The world bank 1818 h street nw washington, dc 20433. Economic policy and structural transformation in ethiopia oxford. No derivative worksyou may not alter, transform, or build upon. Hence, the economy is very susceptible to volatility on global commodity markets and to weather patterns. Regarding gdp per capita growth, dijbouti and ethiopia both record. Ethiopia population 2020 demographics, maps, graphs. The forecasts presented in the report draw on the world economic forecasting model.
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. 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. Ethiopia managing water resources to maximize sustainable growth country water resources assistance strategy report no. World development report 2019 world bank documents.
In 1993, the world bank published a major report titled, the east asian miracle. Ethiopia has achieved substantial progress in economic, social and human development. This is double the sub sahara africa and triples the world average growths over this period and has led to. In this report, the world bank underscored a number of important changes in. 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.
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. Ethiopia the second most populous country in africa is a oneparty state with a planned economy. 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. No claims are made regarding the accuracy of ethiopia 2020 information contained here. It shows that a rapid expansion of secondary education will be needed to support the country. Its overall score is unchanged, with an improvement in judicial effectiveness offset by a. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. Borrower obligation does not include grants as they are not repayable. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. At the top left, the capital city of sudan, khartoum, is located at the convergence of the blue nile and the white nile. 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.
Growth was driven mainly by the services sector from the supply side and public investment from the demand side. 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. Assessment of youth skills developmentjobs nexus in ethiopia. Organization for social science research in eastern and southern africa ossrea addis ababa, ethiopia general information about the organization and its activities and publications.
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