Ethiopia: Recent Economic Developments
May 15, 1994
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This paper describes economic developments in Ethiopia during 1990–94. In 1992/93, there was a significant recovery in the economy, which was reflected in virtually all sectors, with real GDP rebounding by an exceptional 12.3 percent. Although the improved security situation in the country and, subsequently, the emergence of a favorable economic and political climate set the stage for the recovery, a number of additional factors contributed to this outcome. In the agricultural sector, good weather conditions, coupled with increases in land under cultivation and greater fertilizer usage, led to a bumper crop.
Subject: Agricultural commodities, Commodities, Currencies, Economic sectors, Exports, Foreign exchange, International trade, Money, Public enterprises
Keywords: Agricultural commodities, balance of payments, country, CR, Currencies, demand curve, Eastern Europe, enterprise, excess demand, Exports, government, government sector, ISCR, pay, Public enterprises, state enterprise, U.S. dollar
Pages:
157
Volume:
1994
DOI:
Issue:
015
Series:
Country Report No. 1994/015
Stock No:
1ETHEA0011994
ISBN:
9781451812596
ISSN:
1934-7685
Notes
This report on recent economic developments in Ethiopia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
