Overview: Ethiopia is one of the poorest and least developed countries in Africa. Its economy is based on subsistence agriculture, which accounts for about 45% of GDP, 90% of exports, and 80% of total employment; coffee generates over 60% of export earnings. The manufacturing sector is heavily dependent on inputs from the agricultural sector. The economy is centrally planned, and over 90% of large-scale industry is state run. Favorable agricultural weather largely explains the 4.5% growth in output in FY89.

GDP: $6.6 billion, per capita $130, real growth rate 4.5% (FY89 est.)

Inflation rate (consumer prices): 9.6% (FY89)

Unemployment rate: NA; shortage of skilled manpower

Budget: revenues $1.4 billion; expenditures $1.9 billion, including capital expenditures of $0.7 billion (FY87)

Exports: $418 million (f.o.b., FY88); commodities--coffee 60%, hides; partners--US, FRG, Djibouti, Japan, PDRY, France, Italy

Imports: $1.1 billion (c.i.f., FY88), commodities--food, fuels, capital goods; partners--USSR, Italy, FRG, Japan, UK, US, France

External debt: $2.6 billion (1988)

Industrial production: growth rate - 0.2% (FY88 est.)

Electricity: 330,000 kW capacity; 700 million kWh produced, 14 kWh per capita (1989)

Industries: cement, textiles, food processing, oil refinery

Agriculture: accounts for 45% of GDP and is the most important sector of the economy even though frequent droughts, poor cultivation practices, and state economic policies keep farm output low; famines not uncommon; export crops of coffee and oilseeds grown partly on state farms; estimated 50% of agricultural production at subsistence level; principal crops and livestock--cereals, pulses, coffee, oilseeds, potatoes, sugarcane, vegetables, hides and skins, cattle, sheep, goats

Aid: US commitments, including Ex-Im (FY70-88), $471 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $2.6 billion; OPEC bilateral aid (1979-89), $8 million; Communist countries (1970-88), $2.0 billion

Currency: birr (plural--birr); 1 birr (Br) = 100 cents

Exchange rates: birr (Br) per US$1--2.0700 (fixed rate)

Fiscal year: 8 July-7 July

NOTE: The information regarding Ethiopia on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Ethiopia Economy 1990 information contained here. All suggestions for corrections of any errors about Ethiopia Economy 1990 should be addressed to the CIA.