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Summary of the Ethiopian Economy...

(Except where specified, all figures are 1998 estimates)

Gross Domestic Product:

Gross Domestic Product (GDP): US $32.9 Billion

GDP Per Capita : US $560

Economic Growth Rates:

1970’s = < 2% average annual rate

1980's = <2% average annual rate

1992-1996 = 6.2% Average Annual Rate

Inflation:

1993-1998 = 4% average annual rate

Structure of the Economy:

*Sector*	*Component of GDP*	*Growth Rate*
Agriculture	49.8%	-10.3%
Services	43.5%	10.4%
Industry	6.7%	6.3%

Major Crops: Teff, wheat, barley, sorghum, millet.

Major Industries : Coffee and leather products.

Natural Resources:

Small reserves of gold, platinum, copper, potash, and natural gas.

Trade:

*Exports*	*US $Millions*	*Total (%)*
Coffee	420	69
Hides	51	8
Manufactures	140	23

*Imports*	*US $Millions*	*Total (%)*
Capital Goods	569	37
Fuel & Energy	246	16
Food	172	11
Other Imports	553	36

Fiscal Deficit:

1991-1993 = 10% of GDP

1997 = 4% of GDP

1998 = 6.2% of GDP

*External Debt*	*US $Millions*	*Debt (%)*
Bilateral debt	6,368	65%
IDA (World Bank)	1,632	16%
Other Multilateral	787	8%
Other Debt	1,082	11%

Sources Utilized : World Bank & CIA World FactBook (1998)

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