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Ethiopia

Ethiopia's poverty-stricken economy is based on agriculture, accounting for 45% of GDP, and 85% of total employment. The agricultural sector suffers from frequent drought and poor cultivation practices. Coffee is critical to the Ethiopian economy with exports of some $350 million in 2006, but historically low prices have seen many farmers switching to qat to supplement income. The war with Eritrea in 1998-2000 and recurrent drought have buffeted the economy, in particular coffee production. In November 2001, Ethiopia qualified for debt relief from the Highly Indebted Poor Countries (HIPC) initiative, and in Decem...  More..

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Economy of Ethiopia
SOURCE: CIA - The World Factbook
Currency Birr
GDP (PPP) $76.74 billion (2009 est.)
GDP (per capita) $900 (2009 est.)
Exports $1.608 billion (2009 est.)
Imports $7.315 billion (2009 est.)
Main Industries Food Processing, Beverages, Textiles, Leather, Chemicals, Metals Processing, Cement
Exports - Commodities Coffee, Qat, Gold, Leather Products, Live Animals, Oilseeds
Imports - Commodities Food and Live Animals, Petroleum and Petroleum Products, Chemicals, Machinery, Motor Vehicles, Cereals, Textiles
Exports Partners Germany 11.8%, Saudi Arabia 8.7%, Netherlands 8.6%, US 8.1%, Switzerland 7.7%, Italy 6.1%, China 6%, Sudan 5.5%, Japan 4.4% (2008)
Imports Partners China 16.3%, Saudi Arabia 12%, India 8.7%, Italy 6%, Japan 4.9%, US 4.5% (2008)

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