Background: Ethiopia is a fast growing economy with GDP of $62 billion, population of 100 million and average growth rate of 10% per annum. The country is based in East Africa with one of the fastest growing manufacturing sector in Africa and a strong track record of attracting FDI from both developed and emerging economies. The main area of trade is agriculture and manufacturing. The table below reflects Ethiopia’s main areas of trade by product percentage (source: UNCTAD):
Geo-Economic Structure: Ethiopia is a growing economy with a large population and borders with Sudan, South Sudan, Eritrea and Somalia which are all high risk regions. The country is landlocked which increases transport costs and creates dependence on other countries for movement of goods. Ethiopia has been affected by lower export revenues and increasing expenditures on infrastructure and energy projects. China has been providing funding to Ethiopia as well as the IMF and the World Bank.
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