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Country name:

conventional long form: Federal Democratic Republic of Ethiopia
conventional short form: Ethiopia
local long form: Ityop'iya Federalawi Demokrasiyawi Ripeblik
local short form: Ityop'iya

 

Description:

Ethiopia is situated in northeast Africa, bordered by Eritrea, Sudan, Kenya, Somalia and Djibouti. It is about twice the size of France. The central area is a vast highland region of volcanic rock forming a watered, temperate zone surrounded by hot, arid, inhospitable desert. The Great Rift Valley, which starts in Palestine, runs down the Red Sea and diagonally southwest through Ethiopia, Kenya and Malawi. The escarpments on either side of the country are steepest in the north where the terrain is very rugged. To the south, the landscape is generally flatter and more suited to agriculture.
 

 

Capital:

Addis Ababa. Population: 3.6 million (2007).
 

 

Location:

Eastern Africa, west of Somalia

 

Area:

1,133,380 sq km (437,600 sq miles).
 

 

Population:

82.5 million (2008)

 

Map of Ethiopia

Climate:

Hot and humid in the lowlands, warm in the hill country and cool in the uplands. Most rainfall is from June to September.

Economy - overview:

Ethiopia is one of the world's least developed countries, with low incomes, minimal infrastructure and a serious shortage of skilled labour. Economic development has also been hampered by war. The economy is largely dependent on subsistence agriculture, which employs almost 85% of the workforce, and accounts for half the country's GDP.

Growth has been seriously affected by the fall in agriculture production due to the droughts in 2002 and 2003. However, sound macroeconomic policies and HIPC (Heavily Indebted Poor Country) debt relief, coupled with improved rains and harvest in 2004 helped agricultural production and economic growth. Coffee is the main export earner, and the collapse of world coffee prices hit Ethiopia hard.

Not surprisingly, Ethiopia relies on substantial quantities of food aid. The manufacturing and service sectors are both small. However, there is a bright prospect in the form of a large natural gas field, which promises substantial future revenues.

Economy:

Ethiopia is one of the world's least developed countries, with low incomes, minimal infrastructure and a serious shortage of skilled labour. Economic development has also been hampered by war. The economy is largely dependent on subsistence agriculture, which employs almost 85% of the workforce, and accounts for half the country's GDP.

Growth has been seriously affected by the fall in agriculture production due to the droughts in 2002 and 2003. However, sound macroeconomic policies and HIPC (Heavily Indebted Poor Country) debt relief, coupled with improved rains and harvest in 2004 helped agricultural production and economic growth. Coffee is the main export earner, and the collapse of world coffee prices hit Ethiopia hard.

Not surprisingly, Ethiopia relies on substantial quantities of food aid. The manufacturing and service sectors are both small. However, there is a bright prospect in the form of a large natural gas field, which promises substantial future revenues.
 

 

Industries:

food processing, beverages, textiles, chemicals, metals processing, cement

 

Exports:

Coffee, qat, gold, leather products and oilseeds.

Imports:

Food, petroleum and petroleum products, chemicals, machinery and textiles.

Main trade partners: Saudi Arabia, Djibouti, USA, China and Italy.

Exchange rates:

Ethiopian Birr (ETB; symbol Br) = 100 cents. Notes are in denominations of Br100, 50, 10, 5 and 1. Coins are in denominations of 50, 25, 10, 5 and 1 cents.
http://www.worldtravelguide.net/country/86/money/Africa/Ethiopia.html

GDP :

US$25.08 billion (2008).
 

coffee, qat, gold, leather products, live animals, oilseeds

 

Exchange rates:

 

Useful links:

 

  Copyright By :  Kish Trade Promotion Center  2002