World bank report on ethiopian economy 2014 pdf

The article used the report published in 2014 by international monetary fund imf, world bank wb, africa development bank adb, world health organization who, and organization for economic cooperation and development oecd. It also builds on the findings of the completion report on the last country assistance. Ethiopias economy experienced strong, broadbased growth. In freedom houses freedom association in the world 2014 report, ethiopia scored very low in the categories of political rights and civil liberties, receiving a score of six seven is the worst for each. A sample weight with poststratification adjustments was calculated for the households and this weight variable is included in all the datasets. Its overall score is unchanged, with an improvement in judicial effectiveness offset by a. The constitution allows the formation of independent political and civic associations, bu t these are not able to operate or assemble freely. The ethiopian economy continued its strong expansion in fy14 with real gdp growing by 10. The ethiopia socioeconomic survey 202014 data needs to be weighted to represent the nationallevel population of rural, small and large town households. In 2017, they achieved a remarkable growth rate of 10. Developing economies in east asia and the pacific eap, recovering from a trade war and struggling with a viral disease, now face the prospect of a. Hence, the economy is very susceptible to volatility on global commodity markets and to weather patterns. Socioeconomic context and role of agriculture the federal democratic republic of ethiopia is a landlocked country in the horn of africa and is one of the most biologically and culturally diverse countries on the continent. Ethiopia aims to reach lowermiddleincome status by 2025.

Goals include promoting rapid economic growth and improving service. Services constitute the second largest component of. The economic outlook is positive, and real gdp growth is projected to stabilize at 7. Goals include promoting rapid economic growth and improving service delivery. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. Ethiopia has achieved substantial progress in economic, social and human development over.

The fiscal deficit was virtually unchanged in 201415 and 201516. World bank lauds ethiopias economic growth in a report. Green economy in the context of sustainable development and poverty eradication 42 6. The government of ethiopia is in the process of privatizing many of the stateowned businesses and moving toward a market economy. Ethiopia economic update the inescapable manufacturing. After double digit growth in 2014 15, ethiopia s economic growth slowed down in 201516 due to the recent drought. The documents listed below have been or will be separately released. While the drought slowed down growth in 201516 the economy still expanded by 8 percent, which is a sign of increased economic resilience. Following a decade of strong economic growth in ethiopia, the cpf addresses the challenges of. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. We are in the process of hearing your views regarding ethiopias priorities and the role the world bank group can play in helping the country achieve its development goals.

The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor. September 24, 2014, consideration of the staff report that concluded the 2014 article iv consultation with ethiopia. Strategy cps, which was discussed at the board on august 29, 2012 report no. The need for this type of strategic analysis follows from the goe ambition to, as part of the growth and transformation plan gtp, and develop the mining sector to be a main pillar of the economy. Pdf comparative analysis for the sdprp, pasdep and gtp. The ethiopia socioeconomic survey ess is a collaborative project between the central statistics agency of ethiopia csa and the world bank living standards measurement studyintegrated surveys on agriculture lsmsisa team. Acknowledgements the report was prepared by a team consisting of mesfin girma bezawagaw senior economist, nora dihel senior economist, michael. Both, in turn, need to be grounded on a good understanding of the current structure of the ethiopian economy. Agriculture is the largest sector in the ethiopian economy contributing over 40 percent to gross domestic product gdp, 60 percent of exports, and employing approximately 85 percent of the countrys population world bank, 2012. The development agenda of ethiopia for the next 3 years until 201415 is governed. Full report 2007 pdf 535k index chart lpi 2007 jpg 285k press release lpi 2007 feature story lpi 2007. After double digit growth in 201415, ethiopias economic growth slowed down in 2015161 due to the recent drought. Ethiopia poverty reduction strategy paper annual progress report.

Industrialization and industrial policy in ethiopia. Second, it is necessary to evaluate alternative government policy interventions to facilitate reasonable selections in the context of a medium to longterm development strategy and poverty reduction program. Ethiopia the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. At the same time a climate resilient green economy strategy crge was developed in 2011 and launched at the 17. The ethiopian economy is estimated to have slowed down slightly to 8. Ethiopian coffee production is predominantly characterized by traditional farm management system, limited use of fertilizers and pesticides coupled with a manual coffee cultivation system and drying. In this context, the bank has emerged as one of the countrys largest development partners dps in the infrastructure sector, the third in the transport sector, and the second in the energy sector. Ethiopia economic outlook african development bank. However, the banking, telecommunication and transportation sectors of the economy are dominated by governmentowned companies. Unsustainable economic model ethiopias stateled development economic model is not sustainable in the long term, as financing by the central bank leads to macroeconomic instability and hinders private sector development. This is consistent with the wbg strategic framework 2014. World bank group praises ethiopia on its fifth ethiopia. Annual economic report ethiopian economic association. World bank 2014 this report identifies the key drivers of rapid poverty reduction in bhutan over the recent years, explaining why some dzongkhags are stuck in poverty or reducing poverty is not significant while others prospered, and whether female headed households have a harder time reducing poverty.

From 2004 to 20, the countrys average annual gross. The country partnership framework cpf fy18fy22 builds on the progress achieved by ethiopia during the past five years. In terms of total disbursements, the bank was the fifth largest in the 2014 financial year fy. But a new ethiopia is emerging from troubled times and the latest international monetary fund imf forecast says ethiopia will be the fastestgrowing economy in subsaharan africa in 2018. Since the early 2000s, ethiopias economy has been one of the ten fastestgrowing in the world. Socioeconomic context and role of agriculture ethiopia. A statement by the executive director for the federal democratic republic of ethiopia.

The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade sector. For more than a decade before 2016, gdp grew at a rate between 8% and 11% annually one of the fastest growing states among the 188 imf member countries. The dahlak archipelago is seen off the red sea coast of eritrea. Births per 1,000 women ages 1519, annual, not seasonally adjusted 1960 to 2018 apr 10. Selected economic and social indicators annual frequency. Real gdp grew by 8 percent in 201516 compared to 10. The database contains 1,600 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. Figure 1 ethiopia real gdp growth and contributions. With a population of about 92 million, ethiopia is the second most populous country in subsaharan africa. Ethiopias economy is concentrated in the services and agriculture sectors. At the top left, the capital city of sudan, khartoum, is located at the convergence of the blue nile and the white nile.

The report was prepared by a team consisting of mesfin girma. Growth was driven mainly by the services sector from the supply side and public investment from the demand side. Still, ethiopias economy was among the fastest growing in the world showing how well the economy passed through adverse shocks. World bank east asia and pacific economic update, april 2020. Copies of this report are available to the public from. Strong economic growth continued in 201415, but the drought slowed down ethiopias growth to 8 percent in 201516. The world development indicators is a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. The federal democratic republic of ethiopia world bank. National bank of ethiopia 4 201718 annual report i. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. East asia and pacific in the time of covid19 the covid19 virus that triggered a supply shock in china has now caused a global shock.

With about 109 million people 2018, ethiopia is the second most populous nation in africa after nigeria, and the fastest growing economy in the region. The world bank is helping to fight poverty and improve living standards in ethiopia. Ethiopia the second most populous country in africa is a oneparty state with a planned economy. Growth should benefit from the homegrown economic reform program, which seeks to address macroeconomic imbalances and unlock structural. The main purpose of this brief article is to present the recent economic development in ethiopia. The world bank annual report 2017 was produced by the world bank groups external and corporate relations unit, led by jeremy hillman in the corporate communications department, with editorial coordination by daniel nikolits, and key contributions from marjorie bennington, denise bergeron. Inputs into and from productive sectors in ethiopia, based on the world bank export of value added. It is based on the information available at the time it was completed on september 5, 2014.

The world bank team welcomes feedback on the ethiopia economic update. Productive capacity and economic growth in ethiopia. The world bank public disclosure authorized ethiopia. This growth was driven by government investment in infrastructure, as well as sustained. The story of ethiopias incredible economic rise quartz. Although the blue nile is much shorter than the white nile, it contributes about 80% of the flow of the river. Construction and services sectors account for most of the growth from the supply side. The economy of ethiopia is a mixed and transition economy with a large public sector. The cpf was developed after intensive consultations with a wide range of stakeholders to gain a broadbased perspective on the wbgs performance and development priorities. World bank country studies are among the many reports originally prepared for internal use as part of the continuing analysis by the bank of the economic and related conditions of its developing member countries and to facilitate its dialogs with the governments.