Economy of Ethiopia

Ethiopia is one of the poorest countries of the world. It is not member of the World Trade organization.

Agriculture

The Agriculture is the principal resource of the economy Ethiopia nne, providing 85% of employment. The sector contributes to approximately 45% of the GDP and 62% of total exports. The Café only contributes to him to 39,4% of the total Exportation S in 2001/2002.

The coffee is the gift of the Ethiopia in the world. The country is the principal producer of coffee Arabica in Africa. The The has also another potential of production, treatment and export.

Equipped with broad agro-ecological zones and diversified resources, Ethiopia cultivates all the types of Céréale S, of Fiber S, Arachide, coffee, the, of flowers, as well as fruit and vegetables. More than 140 kinds of harvests are currently cultivated in Ethiopia. The potentially irrigable grounds are evaluated to 10 million hectares.

The breeding in Ethiopia east one of largest of Africa. The fishing and the Sylviculture are also significant resources. Considerable occasions exist for new private sector investments in the production and the treatment of these resources.

Horticulture

The diversified agro-climatic conditions of Ethiopia are appropriate to the production of a broad range of fruits, vegetables and flowers. The production of vegetables and cut flowers are sectors in strong growth. In 2002, an annual production of more than 29000 tons of fruits and vegetables and 10 tons flowers were exported.

There is no exaggeration to affirm that the under-sector of the Floriculture is an occasion of investment with the insurance to generate a potential of gravitational incomes in the short run. Moreover this under-sector was identified by the government like an priority area and for this purpose, a range of premiums of encouragement were set up.

Breeding

Ethiopia is the first country of Africa and among the ten first in the world in term of breeding. This sector includes 35 million Bétail, 12 million Mouton S and 10 million Chèvre S. the occasions of investment is potentially attracting in the commercial and modern breeding, the production and the treatment of the meat, milk and eggs.

Bee-keeping

With approximately 3,3 million hives, Ethiopia is the principal producing and exporting nation of Miel and beeswax in Africa. This place confers to him excellent prospects for the private sector investment in the Apiculture.

Industry

The Industrie is until now at its first phase of development and accounts for approximately 15% of the GDP. These industries are mainly committed in the production of food products, textile, clothing, dyeing and clothing out of leather, shoes, luggage and handbags, derived manufacture of wood and (Ethiopia has approximately 2,5 million hectares of forest natural), produced out of rubber and plastic, chemistry and chemicals, manufacture of basic iron and steel as well as the assembly of cars, the caravans and the semitrailers. Agribusiness industry is the sharpest under-sector and records continual and significant increases in the production since 1992. During the first six-month period 2001, Ethiopia exported the equivalent of approximately 54,8 million Birr of food products. By recognizing that the private sector is the engine of industrial development, the Ethiopian government developed a number of measurements which would make it possible the sector to become an effective competitor in universalization, where the competitiveness of the market is the absolute rule of the play. It introduced measurements which will discourage the realization of illegal profits and will encourage and offer a support to those which engage in true activities of businesses and contribute to the development of the nation's economy.

Finance S

The financial sector is developed very little, which slows down the development of the country. Ethiopia does not lay out of a stock exchange place. The Banque of detail is developed little; for example, the city, however tourist, of Lalibela did not count any counter of bank in 2003. The changes is regulated.

Tourism

The tourists and the authors who went to Ethiopia require why its tourist potential if little is still exploited. The country has to offer to the tourists much: the visitors will find landscapes comparable with its adjoining countries, the Kenya or the Tanzania, of the impressive historic sites as well as monuments similar to its other neighbor, the Egypt. With its single cultural heritage, its splendid landscapes, its pleasant climate, abundant and rich fauna and flora, important archeological sites, its friendly and hospital population as well as the recent growth of the tourist surges, the potential of Ethiopia the place among the principal tourist destinations of Africa. It thus on there enormous occasions for the private sector investment in hotel trade and the restoration.

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