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Ethiopia Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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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 used

English is the major foreign language taught in schools

Corruption perception index (Source: Transparency International)
Rank 114/180

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
N/A
Corporate Tax
N/A
Duties
N/A

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