Region: Eastern Africa
Location: Eastern Africa
Capital: Addis Ababa
Population (2012): 91,195,675
Surface area: 1,104,300 sq km
Currency: Birr
GDP per capita (2011): US $ 357
 

Economy – Overview:

Ethiopia’s economy is based on agriculture, accounting for almost 46% 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, but historically low prices have seen many farmers switching to qat to supplement income. Ethiopia qualified for debt relief from the Highly Indebted Poor Countries (HIPC) initiative, and in December 2005 the IMF forgave Ethiopia’s debt. The global economic downturn led to balance of payments pressures, partially alleviated by recent emergency funding from the IMF. While GDP growth has remained high, per capita income is among the lowest in the world. In 2013, Ethiopia plans to continue construction of its Grand Renaissance Dam on the Nile, the multi-billion dollar effort to develop electricity for domestic consumption and export.

Human Development Index ranking (2012): 173 out of 186
Net Official Development Assistance (ODA) (2011): US $ 3,532 million
Top Three Donors of gross ODA: IDA, United States, EU Institutions
FDI inflows (2012): $ 970 million
Total External Debt (2011): US $ 8.5 billion
External debt stock (% of GNI) (2011): 27.2
Merchandise exports (2011): US$ 2,875 million
Terms of trade index (2012): 130.6
Major export commodities: Coffee, other oil seeds and oleaginous fruits
Cost to export per container (2013): US $ 2,160
HIPC Position (2013):  Post Completion Point

United Nations membership date: 13 November 1945

New York Mission:
Permanent Representative of the Federal Democratic Republic of Ethiopia to the United Nations
866 Second Avenue, Third Floor
New York,NY10017
Telephone: (212) 421-1830,
Telefax: (212) 754-0360
Website: ethiopia.un.int

Sources:
United Nations Statistics Division
OECD Creditor reporting System Database
UNCTADStat database
UNDP (2013) Human Development Report
World Bank (2013) HIPC at a Glance
World Bank World Development Indicators
World Bank (2013) Doing Business 2013

Updated July 2013