Coffee is the main product of export in Ethiopia. The revenues earned from export of coffee plays an important role in the economy of the country. Information on Ethiopia states that export of coffee earns 65% of the foreign exchange earnings of Ethiopia. Export of coffee supports 25% of the population of Ethiopia.
Statistical information on Ethiopia:
The following tables give statistical information on Ethiopia:Information on Ethiopia Export:
Export commodities(2005) |
Export partners(2005) |
>Export revenue(2005) |
|---|---|---|
Gold, live animals, oilseeds, products of leather, qat, coffee |
Djibouti, Italy, USA, Saudi Arabia, Switzerland, Netherlands. |
USD$612 million. |
Information on Ethiopia Import:
Import Commodities(2005) |
Import Partners(2005) |
Import Revenues(2005) |
Petroleum product, petroleum, live animals, food. |
China, USA, Italy, India, Saudi Arabia |
USD$2.722 billion |
- The GDP In Ethiopia was USD$64.73 billion in 2005.
- The growth in gross domestic product in 2005 was 8.9%
- The GDP per capita in 2005 was USD$900.
- Sector wise GDP was as follows:
- GDP -Agriculture was 47.5%; Service sector contributed 42.6% in 2005; Industrial sector contributed 9.9% in the same year.
- The main industries in Ethiopia include Chemicals, processing of metals, cement, processing of food, beverages.
- Revenues earned by Ethiopia in the year 2005 was USD$2.338 billion.
- Expenditure incurred by Ethiopia in 2005 was USD$2.88 billion.
- Ethiopia received economic aid in 2001 for USD$308 million.
Difficulties faced by Ethiopia:
Ethiopia faces several difficulties, the most prominent ones being as follows:- Degradation of soil,
- Drought
- Deforestation
- Overgrazing
- Poor infrastructure due to heavy expenses are incurred for transporting goods to the market places.
- Lack of enough foreign exchange.
- Restrictions on imports
- Prices of gasoline.
