For more than a decade before 2016, ethiopia grew at a rate between 8% and 11% annually one of the fastest growing states among the 188 imf member countries. Increased access to finance presents one of the greatest opportunities for economic growth. The ethiopian economy continued its strong expansion in fy14 with real gdp growing by 10. Partners are currently considering how to build on this progress in light of the accra agenda. Ethiopia overview international development, poverty. Iv development and poverty reduction challenges 33 v overview of ethiopias development goals, policies, strategies, and targets 36 5.
Farmers have reacquired the economic freedom of price, of production, and of settlement. 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. This robust growth reinforced economic reform and poverty reduction efforts aimed at achieving the mdgs by 2015. There is scope for increasing donor investments in womens economic empowerment. Recent economic developments strong economic growth continued in 201415. Edri ethiopian development research institute eepco ethiopian electric power. Ethiopia s location in the horn of africa makes it a prime spot for aviation. Pdf infrastructure development and economic growth in ethiopia. The ethiopian economics association eea was established as a nonprofit making, nonpolitical and nonreligious. Despite the marked reduction in the countrys poverty levels, an estimated. The various reports have been published in 2014 which indicate the economic development in the world. The ethiopian economy significantly deteriorated due to the civil war and famines of the 1970s and 1980s. Transport sector development in ethiopia performance, policies and its role in the economy.
The government aspires to an agricultureled industrialization and focuses its attention on food security, rural savings, and labor formation. Crge ethiopias climateresilient green economy initiative ccs carbon capture and storage csa central statistical authority e15 15% ethanol content of transport gasoline edri ethiopian development research institute eepco ethiopian electric power corporation eiar ethiopian institute of agricultural research. Selection of key themes for ethiopia developmental state via 5 year plans rapid industrialisation strategy key role of logistics infrastructure in growth building tourism around ethiopian airlines fragile state political unrest emergency rule o. Womens economic empowerment is a prerequisite for sustainable development, propoor growth and the achievement of all the mdgs. The economic outlook is positive, and real gdp growth is projected to stabilize at 7. Nov 10, 2010 the policy of the ethiopian government is to create the conditions necessary for sustained economic growth. Growth should benefit from the homegrown economic reform program, which seeks to address macroeconomic imbalances and unlock structural.
Pdf infrastructure development and economic growth in. Road sector development and economic growth in ethiopia. Over the last ten years, the country has achieved doubledigit growth in real terms, averaging 10. Ethiopias economic growth has been remarkably rapid and stable over the past decade. Economic role of women is the main thing in which everybody should give much emphasis.
Foreword the 2018 national human development report nhdr on the theme industrialization with a human face is a major contribution to the policy discourse on. Sustainable development and poverty reduction program. Ethiopian industrial development strategic plan 202025 fdre ministry of industry. The ethiopian journal of development research ejdr is a biannual journal devoted to development oriented research and published by the institute of development research. Performances and challenges 1by teshome adugnaphd december 6, 2016 1. Federal democratic republic of ethiopia growth and transformation. Ethiopias main development challenge continues to be generating quality economic growth that will substantially reduce its still high poverty levels, particularly in rural areas.
Economic development ethiopia issues, growth, economic. Productive capacity and economic growth in ethiopia the united. However, basic challenges such as unskilled labor, high transport costs. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade. Economic growth, development and poverty in ethiopia. Since the start of the modern economics in 1776, many counties used all their resources and efforts to. The relationship between infrastructure development and economic growth is.
It is devoted to the multidisciplinary study of development problems of ethiopia in particular and the less developed world in general. Economic prospects for ethiopia and challenges for poverty. Effects of tax and government expenditure on economic growth in ethiopia. The publication covers wide areas of the development process. Half of ethiopias 85 million people live below the poverty line, and 10 to 20 percent rely on food. The study generally indicated that there is a wellestablished nexus between the. Ethiopian diaspora in germany commitment to social and. The ethiopian economy has experienced impressive growth performance over the last decade with average gdp growth rate of 11 %, which is about double of. Projections indicate, however, that governments target of 7 % growth. The report analyses ethiopias economic performance and expected future development. Development, prospects and challenges of the energy sector in ethiopia. Iv development and poverty reduction challenges 33 v overview of ethiopia s development goals, policies, strategies, and targets 36 5. Considering forward linkages versus level of development, 2011. The first section will provide a profile of the ethiopian community in germany, including its size, demographic composition, patterns of immigration, and.
The report recognizes that for economic transformation to enhance human development very much depends. Ethiopian peoples revolutionary democratic front eprdf, inherited a centralized. Pdf determinants of food security in the oromiya region of ethiopia. The government has been engaged in a major effort to transform ethiopian society and place the country on a trajectory to become a middleincome economy by the year 2025. An earlier version of this paper is presented on international conference of ethiopian economic. Publications on ethiopia available in pdf format include. It also underscores how the slow pace of structural transformation could be accelerated by investing in industrial growth and highlights critical policy choices that must be made to achieve sustainable human development. In the article below six things to know about ethiopian airlines and its impact on economic development in ethiopia are explained. The relationship between infrastructure development and economic growth is investigated for ethiopia during the period.
Productive capacity and economic growth in ethiopia. Economic highlights o ethiopias fy2012 gdp growth was 9. Growth was driven mainly by the services sector from the supply side and public investment from the demand side. The economic growth rate is likely to remain high despite large fluctuations in agricultural production. While the drought slowed down growth in 201516 the economy still expanded by 8 percent, which is a sign of increased economic resilience. Economic growth, development and poverty in ethiopia by teshome a. There has also been tremendous growth in the number, diversity and market share of private businesses in the ethiopian economy. Pdf ethiopian industrial development strategic plan. The tenth annual conference focusing on the amhara regional state social and economic development was organized by eea in collaboration with its bahir dar chapter on november 30, 2019 at homeland hotel conference hall, bahir dar. Scope of study and methodology the study is divided into five sections. Socio economic advancement, decentralization, and democratization were all seen as mechanisms for the resolution of conflict and removal of its deeply rooted causes.
Infrastructure development and economic growth in ethiopia. Embassy of the united states addis ababa ethiopia updated april 20 this economic fact sheet is produced by the political and economic section of the embassy of the united states in addis. Readings on ethiopian economy ii 2 the historical origin of african. Economic highlights o ethiopias fy201112 gdp growth was 8. Minister, ministry of finance and economic development. Economic growth and development in ethiopia springerlink. The first section will provide a profile of the ethiopian community in germany, including its size, demographic composition, patterns of immigration, and potential political, religious, and ethnic divisions. Ministry of finance and economic development megawatt office of the federal auditor general. In its most recent national development document, the growth and transformation plan ii 201415201920, the government laid out ambitious development targets in health, education, economic growth, and infrastructure, among other areas. Productive capacity and economic growth in ethiopia 1 introduction ethiopia is one of the largest least developed countries ldcs in subsaharan africa, with a popula. Development without freedom 4 summary ethiopia is one of the poorest countries in the world.
The manufacturing sector is seen as the success of ethiopias growth, and its development to a large extent the product of an activist developmental state. The ethiopian development research institute edri is a semiautonomous research thinktank engaged in. The world bank team welcomes feedback on the ethiopia economic update. The african economic researchconsortium aerc, established in july 1988, is a public notforprofit organization devoted to advanced policy research and training. Directives on finance and property administrationministry of finance and economic development of ethiopia.
The study elucidates the mystery surrounding the belief that, infrastructure development induces economic growth. The policy of the ethiopian government is to create the conditions necessary for sustained economic growth. At the same time it is about rights and equitable societies. In developing countries like ethiopia economic growth is one. Pdf ethiopian industrial development strategic plan 20. There are many ways in which the ethiopian economy can be applied to different areas of the a level economics course. The political economy of growth in ethiopia chapter 4 of volume 2 alemayehu geda1 we are pleased to tell you that we have finally submitted the growth project manuscripts to cambridge university press.
In the political sphere, the regime has moved to transform a highly centralized singleparty. Apr 12, 2017 this is a revision presentation on aspects of growth and development in the fastgrowing country of ethiopia. Economic development is unthinkable without the active participation of women. Ethiopia the second most populous country in africa is a oneparty state with a planned economy.
Ethiopia is a pilot country for the organization for economic cooperation and development assistance committee harmonization agenda, and for the european unions initiative on donor division of labor. As a proof for this statement, the number of passengers flown by ethiopian airlines tripled. Document economic development shows the change in economic growth and at the same time change in the living standard of the people. Ethiopias growth miracle, coupled with its large population and significant land mass, has attracted. Such debates were highly influenced by the political ideology or. Since 1991, the ethiopian government has embarked on a program of economic reform, including privatization of state enterprises and rationalization of government regulation. The main development agenda of the ethiopian government is poverty eradication. Usaids development credit authority works closely with our mission in ethiopia to facilitate lending and investment by ethiopian financial institutions to small and medium scale businesses and farmers. Annual economic report ethiopian economic association. Dec 06, 2018 in the article below six things to know about ethiopian airlines and its impact on economic development in ethiopia are explained. Economic research and policy analysis, bridging research and policy, capacity, knowledge dissemination and exchange and consultancy. Introduction since 1992 the government of ethiopia has introduced a variety of reforms aimed at improving macroeconomic stability, accelerating economic growth, and reducing poverty.
The ethiopian road authority era investigated the link between the country. Achieving womens economic empowerment is not a quick fix. Pdf the paper performs a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of. The ethiopian government has developed comprehensive agricultural and economic development plans that have contributed to the countrys substantial growth in agriculture, industry and services. The government has been engaged in a major effort to transform ethiopian society and place the country on a trajectory to become a. Private sector development in ethiopia with particular emphasis to the manufacturing sector. Ethiopia economic outlook african development bank. Economic development in ethiopia the borgen project.
1269 1640 1352 972 443 1119 151 301 1252 710 997 1231 1004 309 743 246 943 97 667 1458 1408 589 536 653 470 1282 899 1135 990 1622 519 116 1489 1448 621 766 578 1027 869 225 247