About Ethiopia

  • The fastest growing economy in 2019, and among the top 5 fastest growing economies for more than a decade
  • World Bank Project is 8.2 for 2020 and 2021
  • Ethiopia’s economy experienced strong, broad-based growth averaging 9.9% a year from 2007/08 to 2017/18, compared to a regional average of 5.4%. (World Bank)
  • Largest economy in East and Central Africa
  • Ethiopia aims to achieve middle income status by 2025
  • 109+ Million (World Bank 2019)
  • 2nd Largest Population in Africa
  • 12th Largest in the World
  • 5% Annual growth rate (World Bank)
  • Expected to reach 200 Million by 2050 (UN)
  • Ethiopia has the largest Livestock resources in Africa and 10th in the world
  • There are opportunities to produce livestock products for both local and export markets
  • Milk production is expected to increases from 167 million liters in 2014/15 to 1490 million liters by 2020, an increase of 793%. (MoA)
  • Targets for Red meat production to reach 1,933,000 tons and chicken meat production to 164,000 in the year 2020
  • Beef and Veal
  • Sheep Meat
  • Cow Milk
  • Ethiopia is member of Common Market for Eastern and Southern Africa (COMESA)
  • Ethiopia is one of the 44 countries in Africa that signed continental Free Trade Area (CFTA)
  • Ethiopia has signed Bilateral Investment Treaties (BITs): with 30 countries and Double Taxation Avoidance Treaties (DTTs): with12 countries
  • Ethiopia is using the opportunity of Generalized System Preferences (GSP), AGOA (African Growth and Opportunity Act ) and Everything but Arms (EBA)
  • Ethiopia is the 3rd diplomatic a seat for African Union, United Nations Economic Commissions for Africa (UNECA) with its 20 agencies and the Pana African Chamber of Commerce and Industries (PACCI)
  • Ethiopia hosts more than 112 diplomatic mission in Addis Ababa