East and Central Africa’s largest economy is on the growth track as Ethiopia’s GDP is expected to increase from US$ 84 billion in 2018 to US$ 93 billion in 2019, US$ 96 billion in 2020 and US$ 92 billion in 2021. (GTAI)
Ethiopia’s GDP has thus grown more than tenfold between 2000 (US$ 8 billion) and 2018 and more than twelvefold by 2020. (World Bank) As a result, Ethiopia became one of the world’s fastest growing economies and an impressive investment destination in Africa.
And due to high and sustained investments and its enormous expected population growth from currently 115 million to 200 million in 2050 (United Nations), it is all too likely that Ethiopia will expand its position as East and Central Africa’s largest economic player enormously. Based on these upbeat market developments, the event is to continue its success story.