Ethiopia Economy

Ethiopia Economy header image 4

Entries Tagged as 'Statistics'

Ethiopia’s Economy in Brief

1 Comment · Statistics

Ethiopia’s economy is based on agriculture, accounting for:

• half of  gross domestic product (GDP), 60% of export
• 80% of total employment

The agricultural sector undergoes from recurrent drought and poor cultivation practices. Besides, the following have been major threats for the economy for long period:

• soil degradation caused by overgrazing
• deforestation
• high population density
• high levels of taxation
• No land ownership
• poor infrastructure, etc

There is a potential exists in the agriculture sector to make the country self-sufficient in grains and for export development in vegetables, grains, livestock, and fruits.

[