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Ethiopia
2011

www.african frugaloutlook.org

ERITREA RED SEA YEMEN
Mekele Gondar
Lake Tana

DJIBOUTI

Bahir Dar Desè Debre Markos

Gulf of Aden

SUDAN

Dire Dawa
Harar Debre Zeit Nazret Jijiga

ADDIS ABABA

Jima Awasa

Asela

SOMALIA

UGANDA

KENYA

Indian OCEAN
National Capital (3 100 000 In. 2007) everyplace 300 000 over 100 000 0 km 65 135 195 km

mercantile Port Petroleum Port Fishing Port airdrome Main Road

This map is for illustrative purposes and is without prejudice to the status of or sovereignty over any territory covered by this map.

African Economic Outlook 2011

2 | © AfDB, OECD, UNDP, UNECA

Ethiopia
Overview
In 2010, Ethiopia move to register the fast maturation as it has for the last ?ve years. crying(a) domestic product (GDP) growth in 2010 (2009/10) remained strong at 8.8%. Growth is driven by the renovation area (14.5%), followed by the industrial (10.2%) and agricultural (6%) sectors. Except for a rebound in ?shing, the rest of the agricultural sub-sectors remained fundamentally unchanged from their levels in 2009. The service sectors leading role is due to hotels and restaurants, ?nancial intermediation, exoteric serve and real estate.



The country continues to struggle with the macroeconomic challenges of superior in?ation and very low international reserves. The governments ?ve-year Growth and Transformation Plan was launched in 2010/11. If it is successful, the prospects for 2011 and 2012 are probable to be as positive as in 2010. The project calls for the agriculture sector to become the major source of economic growth. Industrial growth will also be addicted particular attention. The government intends to promote industrialisation through increase exports and import substitution. The economy is projected to grow at an average annual rate of 10% in 2011. The agriculture sector is expected to grow by 8.1% while industry and services are expected to show an average annual growth of 20 and 11% respectively during...If you want to get a full essay, order it on our website: Orderessay



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