HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of Ethiopia
flag — Ethiopia
Nation by Nation

Ethiopia

Economy

$149.7 billion
GDP
World Bank · 2024
$1,134
GDP / Capita
World Bank · 2024
+7.6%
GDP Growth
World Bank · 2024
3.4%
Unemployment
World Bank · 2024

Ethiopia is one of Africa's most populous nations and was, for years, one of the fastest-growing economies on the continent, driven by state-led investment in infrastructure, manufacturing, and agriculture.

Growth has been disrupted by civil war in the Tigray region, drought, and debt distress, but the country retains huge potential, anchored by a giant new dam on the Nile.

Key Sectors

The economy rests on agriculture, which employs most of the workforce — coffee (Ethiopia's iconic export), livestock, and oilseeds — alongside growing manufacturing, textiles, and the vast Grand Ethiopian Renaissance Dam for hydropower.

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