Ethiopia the 7th biggest economy in Africa

  • PDF

Addis Ababa, 4 March 2014 (WIC) - The CIA World Factbook updated Ethiopia’s GDP PPP (Purchasing Power Parity) to $118.2 Billion USD for 2013.
This is over $9 billion USD growth from the previous year’s report. This is a remarkable annual growth particularly for an economy without oil, gas, or significant minerals.

According to the report, Ethiopia’s economy leapfrogs many notable countries including Syria, Tunisia, Uzbekistan, Bulgaria, Burma, and Dominican Republic. Ethiopia is now officially the 7th biggest economy in Africa and the 69th biggest economy in the world.

Ethiopia’s GDP (Official Exchange Rate) also grew from $41.9 Billion USD in 2012 to $47.3 Billion USD in 2013. Lead by manufacturing and electric power grids, Ethiopia’s economy is expected to continue leapfrogging many countries in the next few years.

Once again, the right policies outlined by the government and the ruling party are proven to be working.
The credit for such sustainable high growth rate goes to all hard working public servants, specifically, to the late PM Meles Zenawi, who was the architect of the economic reforms.

Subscribe to get latest news

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday42560
mod_vvisit_counterYesterday62859
mod_vvisit_counterThis week260670
mod_vvisit_counterLast week217248
mod_vvisit_counterThis month854780
mod_vvisit_counterLast month1271595
mod_vvisit_counterAll days( since may 28, 2013)13260870

We have: 1207 guests, 41 bots online
No: 54.196.196.108
 , 
Today: Jul 26, 2014