North America
Central & South America
Europe
Africa
Asia & Middle East
Southeast Asia & Oceania
Ethiopia Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
108,386,391 (July 2018 est.)GDP (PPP)
$200.6 billion (2017 est.)GDP growth rate
10.9% (2017 est.)Very high and stable. It is one of the fastest growing states in the world. This growth was driven by public infrastructures, progress in agriculture (70% workforce) and services.
GDP (PPP) per capita
$2,200 (2017 est.)Very low, one of the poorest country in the world
Local currency
Birr (code: ETB)Weak and unstable currency
Financial stability (Public debt)
54.2% of GDP (2017 est.)Medium. There has been a slight increase over the past few years
Inflation
9.9% (2017 est.)Very high and unstable. The government devalued the Birr by 15% in 2017
Language
Many languages spoken locally. Oromo (33.8%) and Amharic (29.3%) are the two most usedEnglish is the major foreign language taught in schools
Corruption perception index (Source: Transparency International)
Rank 114/180High level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
N/ACorporate Tax
N/ADuties
N/AAre you interested in Ethiopia business?
Visit our Explore Opportunities page and connect with thousands of companies in Africa that are looking for a partner abroad. Exports from Africa are in great demand from all over the world, you just need to find the right Africa opportunity for your business.
Whether you are looking for Ethiopia export, Ethiopia import, or to invest in Ethiopia, you can use Globartis for doing business in Ethiopia. You can look for Ethiopian companies or for companies in Addis Abeba, the capital city and one of the best places for Africa opportunity in business.
Join now for free and start doing business in Africa! Find partners for your Africa business on Globartis!