Investment guide

Economic Environment

The Ethiopian government has formulated the five year Growth and Transformation Plan (GTP) to carry forward the important strategic directions in maintaining a fast growing economy in all sectors. Accordingly, Ethiopia’s economy is projected to grow at an average rate of 11.2 percent annually.

Enormous efforts have been made in major key sectors to achieve the Millennium Development Goals (MDGs). As a result, the Ethiopian economy witnessed sustainable double digit and broad-based growth. In 2012/13, real GDP grew by 9.7 percent, moderately higher than the previous year. In the first four years of Growth and Transformation Plan (GTP) implementation, the GDP had grown on average by about 10.1 percent per annul. This achievement is slightly lower than the 11.2 percent annual period and the 11.2 percent annual average growth rate target set for the entire GTP period.

Enormous efforts have been made in major key sectors to achieve the Millennium Development Goals (MDGs). As a result, the Ethiopian economy witnessed sustainable double digit and broad-based growth. In 2012/13, real GDP grew by 9.7 percent, moderately higher than the previous year. In the first four years of Growth and Transformation Plan (GTP) implementation, the GDP had grown on average by about 10.1 percent per annum. This achievement is slightly lower than the 11.2 percent annual period and the 11.2 percent annual average growth rate target set for the entire GTP period.

Ethiopia’s economy is based on agriculture, which accounts, in 2012/13, for The industrial sector, which mainly comprises small and medium enterprise, accounts for about 12.4 percent of GDP in 2012/13. Similarly, the service sector comprised of social services, trade, hotels and restaurants, finance, real estate, etc. accounts for about 45.2 percent of GDP in the same year.

About 42.9 percent of the gross domestic product (GDP), 90 percent of foreign currency earnings, and 85% of employment. Generally, the overall economic growth of the country has been highly associated with the performance of the agriculture sector.Coffee is a critical commodity to the Ethiopian economy. It earned US$ 745.1 million in exports in 2012/13. Other important export products (2012/13) include gold (US$584.4 million), oil seeds (US$437.1 million), chat (US$270.6millions), flowers (US$197.0 million), pulses (US$232.5 million), live animals (US$160 million), leather and leather products (US$120.6 million), meat and meat products (US$74.1 million), fruits and vegetables(US$43.7 million).

Invest-in-Ethiopia-2015

Development Bank of Ethiopia Credit Procedure Englsih Booklet

Development Bank of Ethiopia Credit Procedure Amharic Booklet