The Federal Democratic Republic of Ethiopia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia
IMF Staff Country Reports, January 24, 2018
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- The Federal Democratic Republic of Ethiopia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia
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Bibliographic details
- Published: January 24, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484338506.002
Growth performance and drivers
- Ethiopia recorded annual average GDP growth of about ten percent in the last decade.
- Growth was driven by public investments in agriculture and infrastructure.
- Industrial activity expanded, with continued investments in infrastructure and manufacturing.
Poverty and social indicators
- The poverty rate fell from 44 percent in 2000 to 23.5 percent in 2015/16.
2016/17 developments
- In 2016/17 GDP growth is estimated at 9 percent, as agriculture rebounded from severe drought conditions in 2015/16.
- The current account deficit declined in 2016/17 to 8.2 percent of GDP.
External sector and trade
- The report highlights sustained expansion in exports as a contributor to medium-term outlook.
- Subjects listed include Exports, External debt, Imports, International trade, and current account.
Medium-term outlook and projections
- Over the medium term, growth is expected to remain about 8 percent, supported by sustained expansion in exports and investment.
Analytical themes and policy areas covered
- Debt sustainability
- Economic and financial statistics
- Government finance statistics
- Public debt
- Fiscal policy
- Exchange rate and export potential
- Industrialization strategy and private sector development
IMF Staff Country Report No. 2018/018 (January 24, 2018)
Content in this bundle
- Country Report