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Ethiopia's poverty-stricken economy is based on agriculture, accounting for about 45% of GDP, and 85% of total employment. The agricultural sector suffers from frequent drought and poor cultivation practices. Coffee is critical to the Ethiopian economy with exports of some $350 million in 2006, but historically low prices have seen many farmers switching to qat to supplement income. The war with Eritrea in 1998-2000 and recurrent drought have buffeted the economy in particular coffee production. In November 2001, Ethiopia qualified for debt relief from the Highly Indebted Poor Countries (HIPC) initiative, and in December 2005 the IMF forgave Ethiopia's debt. Under Ethiopia's constitution, the state owns all land and provides long-term leases to the tenants; the system continues to hamper growth in the industrial sector as entrepreneurs are unable to use land as collateral for loans. Drought struck again late in 2002, leading to a 3.3% decline in GDP in 2003. Although GDP growth has since rebounded, soaring commodity prices in 2007 and 2008 and the global economic downturn led to balance of payments pressures, partially alleviated by recent emergency funding from the IMF.
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$77.47 billion (2009 est.)
country comparison to the world: 79
$71.27 billion (2008 est.)
$63.86 billion (2007 est.)
note:
data are in 2009 US dollars
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$32.32 billion (2009 est.)
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8.7% (2009 est.)
country comparison to the world: 5
11.6% (2008 est.)
11.1% (2007 est.)
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$900 (2009 est.)
country comparison to the world: 216
$900 (2008 est.)
$800 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 43.5%
industry:
13.4%
services:
43.1% (2009 est.)
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37.9 million (2007)
country comparison to the world: 16
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agriculture: 85%
industry:
5%
services:
10% (2009 est.)
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NA%
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38.7% (FY05/06 est.)
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lowest 10%: 4.1%
highest 10%:
25.6% (2005)
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30 (2000)
country comparison to the world: 112
40 (1995)
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23.1% of GDP (2009 est.)
country comparison to the world: 61
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revenues: $4.71 billion
expenditures:
$5.397 billion (2009 est.)
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31.8% of GDP (2009 est.)
country comparison to the world: 80
31% of GDP (2008 est.)
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8.5% (2009 est.)
country comparison to the world: 185
44.4% (2008 est.)
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NA%
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8% (31 December 2008)
country comparison to the world: 128
7% (31 December 2006)
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$4.93 billion (31 December 2008)
country comparison to the world: 67
$4.229 billion (31 December 2007)
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$3.603 billion (31 December 2008)
country comparison to the world: 93
$3.258 billion (31 December 2007)
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$NA (31 December 2008)
$6.694 billion (31 December 2006)
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$NA
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cereals, pulses, coffee, oilseed, cotton, sugarcane, potatoes, qat, cut flowers; hides, cattle, sheep, goats; fish
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food processing, beverages, textiles, leather, chemicals, metals processing, cement
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9.9% (2009 est.)
country comparison to the world: 4
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3.46 billion kWh (2007 est.)
country comparison to the world: 121
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3.13 billion kWh (2007 est.)
country comparison to the world: 126
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 178
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38,000 bbl/day (2009 est.)
country comparison to the world: 107
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0 bbl/day (2007 est.)
country comparison to the world: 198
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33,590 bbl/day (2007 est.)
country comparison to the world: 97
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430,000 bbl (1 January 2009 est.)
country comparison to the world: 98
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0 cu m (2008 est.)
country comparison to the world: 199
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0 cu m (2008 est.)
country comparison to the world: 188
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0 cu m (2008 est.)
country comparison to the world: 59
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0 cu m (2008 est.)
country comparison to the world: 183
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24.92 billion cu m (1 January 2009 est.)
country comparison to the world: 74
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-$2.243 billion (2009 est.)
country comparison to the world: 152
-$1.806 billion (2008 est.)
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$1.657 billion (2009 est.)
country comparison to the world: 134
$1.555 billion (2008 est.)
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coffee, qat, gold, leather products, live animals, oilseeds
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China 10.87%, Germany 9.75%, Saudi Arabia 7.39%, US 7.21%, Netherlands 6.38%, Switzerland 5.33%, Sudan 4.35%, Belgium 4% (2009)
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$7.093 billion (2009 est.)
country comparison to the world: 99
$7.206 billion (2008 est.)
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food and live animals, petroleum and petroleum products, chemicals, machinery, motor vehicles, cereals, textiles
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China 14.73%, Saudi Arabia 8.41%, India 7.65%, US 4.3% (2009)
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$1.781 billion (31 December 2009 est.)
country comparison to the world: 118
$870.5 million (31 December 2008 est.)
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$4.229 billion (31 December 2009 est.)
country comparison to the world: 107
$3.155 billion (31 December 2008 est.)
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birr (ETB) per US dollar - 11.86 (2009), 9.57 (2008), 8.96 (2007), 8.69 (2006), 8.68 (2005)
note:
since 24 October 2001, exchange rates are determined on a daily basis via interbank transactions regulated by the Central Bank
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